Starting to witness some changes and challenges both at the stakeholder and operational levels. The miracle of Covid hands off performance is starting to show. As assets age no amount of resilience will improve performance and productivity. The Covid era bubble is bursting. Expect serious declines and reductions in uptime with elevated OPC…
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@d2 Wael is trying to make Shell like a bank. Fund others to operate, collect monthly checks.
@d2 Wael and other industry leaders know something big is around the corner. Hence all the bunkers, properties in New Zealand and zero interest in the future. Other than AI most industries are regressing for this event that Thiel says is inevitable. Why invest or own assets when you know a reset is coming. This Thiel bunker mentality affects investment and ways of working. So expect more simplification and less employees
Can you explain to me how having no productive oil or gas assets is not a problem for an oil and gas company? You and Wael seem to think this is a smart play and I would simply like to know why.
More layoffs
Shell wants to be asset light. Good news for YL. Someone else’s problem.