The oil and gas sector is no stranger to turbulence. The spread of COVID-19, resulting in global lockdowns and dramatically reduced economic activity, has led to a tumble in demand for oil.
The industry has recovered and reinvented itself multiple times in the past. However, what makes this crisis unique is how it may accelerate underlying structural trends, such as Environmental, Social and Governance (ESG) themes and the energy transition.
Our experts discuss how the oil and gas sector might fundamentally reshape, and how best it can adapt to thrive in the longer term.
“Crisis after crisis, the sector has been able to recover and reinvent itself through innovation. But as the full extent of the damage wrought by COVID-19 becomes apparent, this time looks very different.”
This insight is brought to you using the capability of Strategy&, PwC’s global strategy house, alongside our PwC industry experts. Together, we transform organisations by developing actionable strategies that deliver results.
We are uniquely placed to combine strategy with technical, industry and execution expertise. We embed our strategy capabilities with expert teams across our PwC network, to show you where you need to go, the choices you’ll need to make to get there, and how to get it right.
The result is an authentic strategy process powerful enough to capture possibility, while pragmatic enough to ensure effective delivery. It’s the strategy that turns vision into reality. It’s strategy, made real.