In the environment of the very volatile and weak crude and product market, there is an increasing need for optimising the downstream supply chain. The basic target is to meet the customers’ requirements while running all downstream operations efficiently and safely. These are the key issues for refiners. There are always anxieties about the capacity and robustness of the oil supply chain, but in reality, it remains that the industry has a strong record of accomplishment of keeping our markets supplied even in the most difficult political or economic circumstances. In more volatile markets, the ability to respond quickly to price signals becomes an even bigger source of competitive advantage. As the economic environment has undergone fast changes, optimising business processes, reducing costs, and speeding up customer response time, need to be given more importance.
This session will explore downstream supply chain optimisation and the best industry practices to ensure the most optimum and efficient way to run downstream and fetch the best revenues while meeting the clean energy demand according to international standards.
The oil and gas industry is facing workforce challenges that are being felt on many different levels and across its entire value chain. An ageing employee population, and low staff productivity join the effects of a major skills shortage. Besides this, there exists the challenge of a workforce that knows its market value, and is prepared to move to wherever the best opportunities can be found.
Measures can be targeted at education, recruitment, and retention, as well as at job content, productivity, and quality. As oil and gas companies continue to digitise work and start to compete more on data management and analytic proficiency, it will transform the very nature of the industry’s workforce. For one, companies will start to rely less on the personal experience of specific people, and more on science that can be understood and shared by all. Digital literacy skills are becoming increasingly important – including analytic capabilities, the development of new software and intelligent hardware, and the ability to effectively use new tools such as live collaboration technologies.
Oil and gas companies in the future will have to adopt an entirely new approach to managing their people. New advances in digital technologies now enable organisations to provide workers with more democratised and customised work experiences, including tailored learning experiences, performance appraisals, benefits packages, careers, and jobs.
This session will explore the future workforce and time management and how the industry practices will meet future commitments, maintaining its lead and achieving talent retention.