Building "digilient" workforce logistics in energy and resources

Building
With vaccinations picking up and crude nearing multi-year highs, oil and gas, and mining companies are actively looking to increase operational resilience without compromising efficiency. For an industry that has lived through three dips in the past twelve years, the rapid destruction of demand during the pandemic was a completely new experience. Many companies opted for mere skeleton crews for maintenance and inspection, resulting in a tsunami of job losses. Companies were forced to resort to various measures, including increasing local hires, relocating critical resources, reorganizing works...
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Driving forces accelerating recovery and shaping the future of energy and resources logistics

Driving forces accelerating recovery and shaping the future of energy and resources logistics
Logistics and supply chain activities in the upstream energy and resources industry are slowly recovering. Yet, the pandemic revealed just how much the industry needs to transform, both in terms of technology and working practices. Building on our roadmap to Covid-19 recovery, let´s explore what has changed in our industry and how the driving forces behind those changes can accelerate recovery and build resilience for the future. How the pandemic reshaped energy and resources logistics While the pandemic accelerated transformation on many fronts, five stand out for logistics and supply chain i...
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The Leap from “Logistics-as-a-Function” to “Logistics-as-a-Service” for Energy & Resources Sector

The Leap from “Logistics-as-a-Function” to “Logistics-as-a-Service” for Energy & Resources Sector
As the world learns to live with COVID-19, businesses are battling to stay relevant. The energy sector was hit a double blow with the prices of Brent hitting historical lows, and WTI futures running into negatives. Energy companies were quick in responding to the industry downturn by cutting capital expenditure by 30-40%, scaling back existing production, reducing workforce by 50-65%, running operations with essential workforce only, and halting drilling with rig counts reduced by more than half. Though a pandemic of this scale is unprecedented, energy companies have to find innovative ways to...
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Empowering Energy & Resources Workforce Logistics during COVID-19 Disruptions with Mathematical Optimization

Empowering Energy & Resources Workforce Logistics during COVID-19 Disruptions with Mathematical Optimization
Several thousands of workers in oil & gas, mining and construction sectors are stranded at work sites around the world due to the COVID-19 lock down. While companies make the best efforts to protect the health and safety of workers with regular health screenings, reduced essential workforce at project sites, checkerboard seating, limited community interactions, electronic act of acceptance, regular cleaning & disinfecting, seating restrictions during dining etc., it will take several months for the workforce to return to their normal rotating schedule. Many workers are enduring their s...
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Crisis vs. Opportunity: Benefiting From Low Oil Prices

Crisis vs. Opportunity: Benefiting From Low Oil Prices
Introduction In light of the recent oil price slump, everyone has been asking how companies around the world can properly deal with this landmark change in the market for the world's most important commodity. In this interview, Ramesh D Nair, Vice President of Oil and Gas Logistics explains how companies can actually benefit from this transformational period for the industry. Q: First of all, thank you Ramesh for taking the time to speak with us. I think a good start for our discussion would be the hottest topic in town, the oil price crisis. What is your view on the current oil price crisis a...
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