THE NEW NORMAL FOR OIL AND GAS COMPANIES
This sector has experienced unprecedented change and seismic shifts as companies continue to operate in a “low oil for longer” environment. In this new normal, upstream oil and gas companies are establishing strategic partnerships with logistics service providers to achieve cost optimization and innovation; downstream companies are leveraging logistics for growth, especially in developing markets; and chemicals organizations are seeking to transform their supply chains. Additional sector challenges and opportunities include exciting developments in renewable energy, the call for zero emissions, increasing HSSE requirements, and heightened M&A activity. The global reach and the political, economic and social impact of the sector will continue to keep it relevant.