How can the oil and gas sector help in the drive to build back better?

How can the oil and gas sector help in the drive to build back better?

COVID-19 has had major impacts on the oil and gas sector.

The industry must now not only become more resilient - it must play a part in the global effort to build back better.

Here are three approaches the sector can take to make the changes necessary to ensure a brighter future.



The oil and gas industry has grown accustomed to experiencing shocks throughout the decades, yet the demand contraction of more than 10 million barrels a day in the first half of 2020 during the peak of lockdown provided a glimpse of what a new baseline could look like. In response, according to analysis by Accenture, the industry has cut more than $150 billion of capital expenditure, while pressure from investors to improve returns and environmental,