Critical infrastructure needs to be maintained with limited personnel, and employees need to work remotely
If price of Brent crude averages around $30 per barrel in 2020, Rystad Energy estimates that total project sanctioning will be reduced to just $61 billion
A report by Rystad Energy found that an imbalance of 10 million barrels per day would hit the market in April
Economists from S&P Global estimate GDP growth at 1% to 1.5% in 2020, with risks on the downside
The coronavirus is causing many companies to rethink the role of autonomous drones in their operations
Financial markets are seizing up, throwing a wet blanket on new chemical investment and M&A activity, and ratcheting up the risk of a global recession
$20 oil possible as OPEC+ could unleash an extra 2.5 million barrels per day
The future role of gas will significantly depend on the ability to drive gas prices down and enable a common, competitive gas market across the entire Middle East.
Constantine Lau, oil and gas marketing director for industrial automation at Schneider Electric, says that oil and gas companies should prioritise sustainability
In this video by the Financial Times, see the oil and gas demand split, which goes far beyond fueling cars and planes.
Xodus predicts that crude oil and coal will decline to 1,500 Mtoe per year and 1,200 Mtoe per year respectively by 2040
Yet upstream businesses are struggling to scale digital technologies and unlock additional value
The real impact of Covid-19 on the Chinese and global markets is yet evolving as the risk of contagion remains and could continue to weigh down on demand in the long term
Never before have industries worked more closely together to address the issue of plastic waste pollution, global warming and reduce their greenhouse gas emissions, comments Dr Abdulwahab Al-Sadoun
Training, communication, and ongoing audits and reviews are essential to ensure all aspects of process safety are kept up-to-date in the downstream industry units, comments Colin Chapman