BE& Management Consultancy

Oil Glut, a reflection of the state of the economy Spread the love A picture is worth a thousand words. Global Oil demand retracted in 2020 by more than 15 million barrels a day, at an unprecedented level, compared to about 5 million barrel a day during the 2008 financial crisis. This is because most of the economy sectors (mainly manufacturing, transportation) are shutdown due to COVID-19. Even-though we will get out from the lock-down situation sooner or later, returning ba...ck to the same level pre-COVID 19 is far from being certain. One needs to expect fundamental changes in societys behaviour. The positive impact of the reduction of human activity on the environment was so rapid and undeniable which will make it very difficult to believe that we will dust off once the pandemic will be over and return to business as usual. The drivers for Energy Transition not only remain present by they will weigh more in public opinion. The energy industry was already under tremendous pressure before the current crisis to accelerate the decarbonization of the economy and notably the transportation sector and power generation. Therefore the industry and enterprises are called to take a new and fresh look at their new emerging priorities, refocus their strategies, capture lessons learned and bolster their risk management practices and resilience plans. ClearChoice Management Consulting Inc. | www.boustros.com

Ironic, but somehow true. Please watch until the end.

It is a shift in the risks landscape and an eye opener to realize that Environmental risks became the most critical risks on the long term as per the World Economic Report for 2020, ahead of geo-political and economical risks. Central to the environmental risks is the Climate Action Failure. The other top four risks are: Extreme Weather, Biodiversity loss, Natural Disasters and Human-Made Environment Disaster. Financial Institutions have the obligation to assess and disclose ...the impact. The Task Force on Climate-related Financial Disclosures (TCFD), which likely would lead to a mandatory disclosure framework, aims to develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. The relevance and support of TCFD have grown to over 1,027 organizations, representing a market capitalization of over $12 trillion. The TCFD work will help the companies understand what the public and the financial markets want from the disclosure in order to measure and respond to climate change risks, and encourage firms to align their disclosures with investors needs. A survey conducted by the Global Association of Risk Professional (GARP) with 27 firms covering banks, asset managers, insurance and financial market infrastructure $20 trillion assets showed that firms use strategic planning, have Disclosure procedures, metrics and targets but have difficulties using and integrating scenario analysis in their overall approach to manage climate risks, although scenario analysis is a powerful tool to deal with uncertainties and discontinuities where traditional forecasting methods fail in order to measure the impact and stress test the strategies and responses to risks. To turn climate change risk into opportunities through proper responses and technology advancement, which should be the main objective, consistent and transparent risk materiality assessment, modelling and impact analysis and the development of different and useable scenarios are necessary. In addition, for the whole process to be effective the insights should be brought through the proper channels, across different functions in the organization, to the decision makers to be used in formulating the proper solutions instead of remaining in silos with the risk mangers or divisions. Please contact Boustros & Associate at www.boustros.com for further information on the process to how integrate scenarios with strategic planning and risk management. See more

We are PMP certified at Boustros & Associates, and you may trust us with your projects.

Proud to be among the speakers at the Balkan & Black Sea Petroleum Association Conference in Vienna, April 2-3 2020 discussing the feasibility of natural gas project. Looking forward to a great event.

Despite its challenges, more political, societal and ethical in nature than technical, AI is present in all aspects of business, industrial, marketing, communications, sciences and many other and promises to take us to a unprecedented level of deep thinking and learning. Leaders, companies have to be very wise and selective in transformation their business with the use of AI and ride the inevitable wave, surf it or get drawn. We are pleased to have completed one of the best comprehensive course and training on AI with clear vision how to benefit our clients and walk with them down the digital transformation path.

Private visit to the aircraft maintenance centre of Transport Canada.

We are happy to present our approach to business planning or to find solutions to a business problem. It is based on three pilers: 1- Analysis of the situation, issue, current and desired states environment & key factors 2- Jointly with our clients, we co-create a way forward, an action plan or solution 3- Assist in the execution, implementation of management and performance systems... For more details log to boustros.com

Today we concluded the participation in the Balkan & Black Sea Regional Oil and Gas conference in Istanbul, Turkey. Pipeline and Natural Gas Infrastructure, upstream and downstream developments, markets, price indexation, regional gas hubs and decarbonization scenarios discussed.

Mlanie Astles, 1st woman Red Bull Air Race Pilot and Championne de France left us with a deep and inspiring thought. She said: To build your dreams where everything seems impossible and that you were not born with the means it takes, the only way is relentless work standing up from every defeat and continuing. And if this was not enough she added: Even in the moments of doubts keep on learning, sweating, imagine solutions to stop you from comparing with others. In life you race with yourself and not with others. Thank you Mlanie, we need to remember this wisdom often.

Lebanon Offshore

Today we participated in the Oil &Gas Ministerial Panel organized by the Ministry of Energy and Water resources of Lebanon and attended by many dignitaries including the managing director of Total E&P Liban, other Oil & Gas executives, ambassadors, civil societies and many other organisations, stakeholders, professionals and media. A comprehensive review of the importance of the offshore resources in Lebanon, necessity for regional cooperation, update on the progress of the e...xploration, geological assessment, marketing activities and HSE preparation and readiness and the initiatives taken to ensure transparency and sustainability of the development by the adherence to the guidance of the global EITI and best industry practices. Despite that the expectations and challenges are enormous, there are many reasons, even for the skeptical, to be optimistic regarding the capability of Lebanon and its partners to develop and monetize these resources for the following reasons: 1- The dynamism, the competences and high standard of professionalism by which the Ministry and the LPA seem to approach the development of the resources 2- The interest manifested by American, European and Gulf States Oil compagnies to participate in the oil & gas sector in Lebanon 3- The commitment of major International Oil Companies and the insistance of the Lebanese Government to ensure that the first exploration well is drilled before the end of 2019 4-The advanced stage of preparation for a second bidding round to be completed as early as May 2020 and opening an additional five blocks for exploration 5- The reform plans put in place to ensure that the downstream sector will be ready to take advantage of the future offshore hydrocarbons production, notably upgrading the distribution infrastructure to be able to replace fuel and diesel oil by natural gas for power generation which would save the country hefty financial and environmental costs There are many other reasons but the risks and challenges remain enormous and this is still the beginning of a long process where many years would pass before the first drop of gas will be on the market. However, after many years of stalemate it seams that we are on a good and energetic start to give a strong message to all the neighbouring countries, oil & gas companies and other stakeholders that Lebanon means business in oil & gas. Boustros & Associates Management Consulting See more

New Post published on the website: www.boustros.com

Lebanon estimated offshore potential natural gas reserves are estimated at slightly less than 100 Trillion Cubic Feet (Tcf). Not bad for Lebanon as the development of these resources will satisfy and exceed the countrys energy demand, mainly for electricity generation, and will allow to export significant quantities. A consortium led by Total and include ENI and Novatek is gearing up to drill an exploration well this year and another one next year. The Government and the Le...Continue reading

Small consultants are costs efficient. Can they deliver and achieve more concrete results than big consulting firms?

Management consulting in a nutshell is meant to increase organizations performance and efficiency, grow their business, solve business problems and issues theyre facing, provide them access to specialized expertise, skills and resources among many others services. Other than the big consulting firms, many small, medium and freelancers exist and are offering their services. What would your expectations of the organisations from these consulting firms in todays world ? How they would create more value to you as clients? Are you willing to engage with small and medium consulting firms and what advantages you think they would bring to you as client comparing the large consulting firms? We look forward to your opinions and thoughts.

Inviting everyone to share a picture, a comment, a thought on the catastrophic Amazon Forest fires.

The Oil & Gas industry might be on the verge of a major shift and many signs are leading to this. Energy prices are low despite the geopolitical tensions, digital transformation, Artificial Intelligence, Automation, Robotics, Machine and Deep Learning, quantum computing, data analytics and many many others technologies and more present and likely to change fundamentally the way the industry operate. Also, the pressure is mounting to deal with the climate change and the energy industries is called upon to to take the lead. How the energy industry preparing and what would be the role of the consultants in this seismic shift? We will be very happy to hear your opinions.

OUR EXPERTISE image5 Advisory, Consulting on Business and Management, Business Development, Strategy, transformation, feasibility studies, Marketing, Business Research, Planning and Performance, Enterprise Risk Management, Quality Systems and Certification, Portfolio, Programme, Project and Risk Management, Initiatives Prioritization, Economic Assessment and Modelling, Reporting, Data Analytics and Visualisation, Dashboards, Corporate Governance. We thrive on sharing our ex...perience, academic and professional knowledge to help you make a success of your business. Our track record proves that engagement and expert collaboration in your business will boost your bottom line.

We build on more than 30 years of international work experience in corporate, managerial and commercial arena with an outstanding record of realizations in multiple businesses and industries: Petrochemicals, Oil & Gas, LNG, Industrial Gases, Infrastructure, Capital Projects and Major Events Programmes and others. Our mantra is: analyze, identify, advise, execute. Our mission is to create relationships, not transactions. ... Our promise is that well be there, as questions or issues arise.

Your business is our business. We believe in making your goals a reality and we know just how to do that.

We are launching Beam Consulting very soon.