As the oil and gas industry continues to lay off workers—more than 107,000 to date this year by Deloitte’s estimates—with an aging workforce on the downside of another cycle amid heightened focus on sustainable energy, challenges may seem abundant for the sector.

However, these challenging times also reek of opportunity, according to analysts who have tracked the impact of the global coronavirus pandemic on the oil, gas and chemical sector’s workforce, business operations and other market forces. Companies, and the workers powering them, could transform themselves and win back investors.

Key to making the shift is sustainability as a way of business, digitalization transforming work, recoded careers to build a workforce of the future and organizational agility for new business models, Deloitte said in a recently released report.

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