The oil and gas industry is experiencing its third market and price crash in the last 12 years. The COVID-19 pandemic has created a perfect storm of drastically decreased demand, a lack of adequate storage capacity, and oversupply. And oil producers’ ability to respond financially is more constrained now than it was in the past, owing to declines in profitability and limited scope for consolidation. These pressures had already begun to create a sense of urgency for the transformation of the sector. Unfortunately, the pandemic and the market slump that followed have only accelerated the impetus for change.
In this webinar, experts from GEP’s Oil & Gas Center of Excellence, Patrick Heuer, Director, Business Development, and Ennio Senese, Executive Advisor, will discuss short-term mitigation strategies and key levers for navigating the downturn. In addition, they will focus on the medium- to long-term structural implications of the pandemic — and offer guidance to procurement and supply chain leaders at oil and gas companies.
On the Agenda:
- Mitigating the financial impacts of capital contract cancellations
- Strategies for sustained cost reduction, including cash auctions to support suppliers
- Recovery scenarios for procurement and supply chain organizations
Following the panel discussion, audience members will be able to take part in the dialogue in a live Q&A session.
Don’t miss the opportunity to gain the most in-depth, nuanced vision of procurement and supply chain for oil and gas that has been presented to date in the wake of the pandemic.
What's Next for Oil & Gas? Recovery Scenarios and Navigation Strategies to Power Through the Crisis
Director, Business Development
Date: Wednesday, September 16, 2020
Time: 08:00 AM Central Daylight Time
Duration: 60 Minutes with Live Q&A