COVID-19 is disrupting the oil and gas industry Oil prices are falling, demand is down, supply is up, and storage capacity is limited In these difficult times, the industry must swiftly act to keep business viable to come back strong when conditions improve Therefore, refineries should take this opportunity during the slowdown to future-proof their operations so that they are in a better position to survive the next downturn There is no way to predict the length of the current pandemic, but there are things operators can do to help their refineries survive these difficult times, including evaluating opportunity crudes, employing blend optimization, monitoring operations, and optimizing operations Husky Energy, a Calgary-based integrated oil and gas company, identified the need to automate business processes, including integrating and standardizing its value chain activities across the downstream business The company selected a unified supply chain management software as a starting point This software will enable Husky’s team to plan and schedule its end-to-end downstream value chain The company adopted an operating model that featured integrated optimization, increasing the total revenue and gross margin captured across the entire value chain The technology provides an enterprise cloud solution that enhances collaboration, agility, and transparency across the value chain This allows Husky to make decisions that deliver added value to its integrated business
