<p>The COVID-19 pandemic led to a major drop and rebound in global oil and gas prices. But uncertainty is growing about the direction for future hydrocarbon demand and pricing. The upstream oil and gas industry must think carefully about where it should allocate its capital, and transform their operations through portfolio restructuring and the introduction of new technologies and business models, in order to improve profitability.</p>

<p>How can oil and gas companies transform their upstream operations? How will long-term market trends change upstream production strategies? And what is the role for new oil and gas production in a carbonconstrained world?</p>
