Oil tanker in the open sea

Deep in the heart of texas

Global Publication June 2020

From the ashes of the collapse in oil prices comes the opportunity of the energy transition.

There is no need to rehash here the powerful oversupply and under-demand conditions facing the oil and gas sector courtesy of the Opec+ price wars and COVID-19. Some oil and gas companies are or will be down for the count. Those that remain will be challenged to create new strategies, effectively from scratch. With a clear-eyed sense of purpose, oil and gas companies can and should turn toward, and ultimately profit from, the energy transition. The question is how? In order to get there, shared facts are helpful.

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