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Oil and Gas Expert Think Tank Made 5 Business Model Predictions Which Will

July 28, 2020
in Industry
Oil and Gas Expert Think Tank Made 5 Business Model Predictions Which Will
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VANCOUVER, BC / ACCESSWIRE / July 28, 2020 / The world has changed dramatically since December 2019 due to the Covid-19 pandemic, resulting in the loss of human lives and the collapse of global economies. It has impacted virtually all major industries, hitting the energy sector especially hard. The post-COVID-19 world will be different in terms of new challenges, and success will come to those who adapt to a new vision for growth and survival.

In April, industry visionary and CEO of Wolfpack Solutions, Kelly Bone, extended an invitation to numerous global experts in the Oil & Gas industry with a specific purpose in mind. Bone sought to determine what separates this cyclical downturn from other downturns previously experienced in the industry, and together research the why, when, where, and who, to develop the answer to how. How can the industry generate a lasting change? Together with co-chairs, industry experts Dwyann Dalrymple and Lori Dalrymple, Owner of AOC Skills, LLC, the group embarked on a journey with the agreed-upon understanding that the Oil and Gas Industry is on the precipice of a great change. A change being driven by two forces: COVID-19 and an oversupply of oil that has resulted in oil having a negative value. The goal being to determine what needs to change for companies in the Oil & Gas industry to be able to survive this crisis, and why the companies that don’t adapt will guarantee their extinction.

“This is the most important time for the Oil & Gas industry. It is the biggest pivot we have been called to make. This downturn is like no other. If our sector and its partners are to thrive, our industry must evolve their current business models. This is the reason I have called on the most influential leaders in the Oil & Gas industry to build out the Blueprint for Success” explained Bone. Experts from the Middle East, Africa, India, Australia, Europe, Egypt, and the Americas came together, making fascinating discoveries and bold predictions of where the industry is headed.

As companies look to create new work environment models in a digital world, it becomes even more important for them to consider their culture. “Into the future, our focus is on how to anticipate and plan for our cyclical business with the knowledge we have gained from past cycles. We are implementing more flexible and mobile work schedules for our diverse and talented workforce who are stepping up to our current challenges and continuing to deliver more efficiently and productively than ever” says expert Think Tank member Colby Fuser, VP of Halliburton. Fuser also mentioned, “We believe promoting a well-rounded environment where employees can focus on their health, families and work accordingly, enables a more productive workforce and allows us to continue to be the company of choice”

The Primary Objective of the Oil and Gas Expert THINK TANK Committee was to bring industry change-makers together to build the industry BLUEPRINT FOR SUCCESS in a post-COVID-19 downturn:

1. Build 1st ever manual of its kind for the energy sector
2. The industry will change forever…



Read More: Oil and Gas Expert Think Tank Made 5 Business Model Predictions Which Will

Tags: BusinessExpertGasmodeloilPredictionsTank

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