Canada’s oil and gas industry faced a number of major disruptions in 2020.

The COVID-19 pandemic and commodity price crash added greater financial stress to a sector already focused on increasing productivity and cutting costs through five years of lower prices and pricing volatility.

Consolidation picked up pace as companies looked for scale, shed non-core assets or left the sector entirely. Mergers, acquisitions and divestiture activity that began in the oilsands sector spread across the industry. 

Meanwhile, operators continued working on their digital transformations to drive value, while also focusing on answering greater demands to manage emerging environmental, social, and governance (ESG) risks.

IBM believes oil and gas companies can drive greater value out of all these efforts by modernizing their SAP enterprise resource planning (ERP) system.

On March 23, the Daily Oil Bulletin will be hosting a free webinar where leaders from IBM’s Energy & Mining and SAP Practice will outline SAP’s move to its S/4HANA ERP innovation platform of the future, and how adopting the new platform can help oil and gas operators meet the challenges they now face.

Topics covered will include:

• Improving efficiency and taking out costs by making data a strategic asset, including how to fast-track innovation and gain real–time operational insights and data transparency for improved project and operations effectiveness, safety, and profitability
• How the right platform choices can allow an organization to be more nimble through mergers, acquisitions and divestitures from planning through execution to post-transaction.
• How to make the S/4HANA transformation journey in your organization run as efficiently and effectively as possible

To register for this free webinar, click here: https://www2.jwnenergy.com/SAP_Modernization