coronavirus
Posted inExploration & Production
Natural gas demand growth to slow, strong policies needed to achieve net zero: IEA
Strong rebound in 2021 from last year’s decline is expected to take demand above pre-Covid levels, followed by more moderate increases through 2024, IEA report says
Posted inExploration & Production
Oil rises further on demand uptick, supply maintenance and vaccination campaign breakthrough
Oil prices continue their ascent as rising demand, supply maintenance and a push to accelerate the global inoculation help preserve last week’s bullish environment
Posted inExploration & Production
Oil gains on OPEC+ conservatism, demand recovery and Iran negotiations lag
Oil prices rose again today on a bullish market sentiment after yesterday’s OPEC+ meeting and on positive demand indications. Meanwhile a lag in negotiations for a nuclear deal with Iran also assisted the ascent
Posted inExploration & Production
Upstream spending cut by $285 billion in two years
The sector will struggle to recover to pre-pandemic levels as it grapples with the pandemic
Posted inProducts & Services
Digital preparedness helped organizations adapt to COVID-19: EIU study
Overwhelmingly, business leaders cited digital preparedness as key to their ability to adapt
Posted inExploration & Production
Oil up on global demand hopes, US stocks and weak dollar
Oil prices are increasing this week as a result of market expectations that oil demand is about to rise globally. Forecasts for a dip in US crude stocks and a weaker dollar are also helping prices grow
Posted inDRILLING & PRODUCTION
Outlook one year after oil hit negative prices: Rystad Energy
It’s been almost a year since the day oil prices turned negative as a result of the Covid-19 downturn. A lot has happened since then, and prices have recovered, but it will take a while for the oil market to forget
Posted inDRILLING & PRODUCTION
Road fuels lead global oil demand recovery in 2021: Rystad Energy
The latest report by Rystad Energy forecasts the future of demand by segment and geography
Posted inPeople
How COVID-19 impacted in-house lawyers in oil and gas
The use of legal consultants and technology are major trends in the oil and gas sector