Executive Viewpoint: How to develop a successful asset management strategy during the coronavirus downturn
The coronavirus (COVID-19) has disrupted all sectors of the oil and gas industry, including asset management. Many plants around the world are operating in emergency mode or shutdown. No one knows how long this crisis will last, nor can anyone realistically predict the scope of the economic impact it will have. Therefore, it is crucial to minimize costs, while not compromising the effectiveness of industrial plants. The bull market has collapsed. For 11 yr, stock market prices knew only one direction—up. Suddenly, COVID-19 put an end to the seemingly eternal upward trend. A global recession seems inevitable. The only question that no one can seriously answer is: Which development will the re
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