The rates for chartering very large crude carriers (VLCCs) has surged exponentially due to a spike in demand for long-term offshore storage of crude oil following OPEC’s disagreement with Russia over the impact of the coronavirus (COVID-19) and the resulting oil price crash, according to data and analytics company GlobalData
Industry
‘Crude prices edge higher as producers announce cuts’
Crude prices has climbed as more producers announced production cuts, but remained near 18-year lows as the coronavirus pandemic continued to weaken demand
Oil and gas industry releases updated global sustainability reporting guidance
IPIECA, the American Petroleum Institute (API), and the International Association of Oil & Gas Producers (IOGP) have released the new edition of the sustainability reporting guidance for the oil and gas industry, which marks over 15 years of collaboration between the member companies across the three leading industry associations
Saudi Aramco tightens capital expenditure as oil prices crash, says GlobalData
Saudi Aramco plans to reduce its investment plans after oil prices crashed due to a slump in demand as a result of the coronavirus (COVID-19) pandemic
Planning for project success
Alfonso Bucero, PMO & PMP for Bucero Consulting, and Erika Gracés, senior communications specialist Hexagon PPM EMIA, discuss the major issues causing projects performance problems – the human factor and the lack of suitable software tools made available to teams
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