The Oil and Gas Outlook: Lower, Greener, and Still Billions of Dollars
The project cargo supply chain is adapting rapidly to the global energy transition even as it recovers from a painful, pandemic-induced oil price crash that leads to Capex cuts and project delays in 2020. Billions of dollars in capital spending will shift toward renewables over the next five years, as decarbonization changes the makeup of the global energy mix. Oil and gas are far from disappearing, however. Who will produce oil as international oil companies transform themselves into energy companies, and what can the project supply chain expect to see unfolding in the oil and gas industry overall? This session will delve into this complex topic.