The momentum of coronavirus in the USA and key European oil and gas centres represents a critical supply risk for oil and gas operators around the world, according to a report by Andy Tidey from energy consultancy Wood Mackenzie’s consulting team
Industry
ABB Ability Augmented Field procedures to boost plant operation
ABB has launched ABB Ability Augmented Field procedures with an aim to drive worker safety and efficiency across the energy sector including oil and gas
US fracking set for the biggest monthly decline in history: Rystad Energy
The Covid-19 pandemic has ravaged global oil demand and, coupled with the extremely low price levels brought on by the wide supply surplus, is likely to cause the largest monthly drop in fracking activity ever recorded in the US, a Rystad Energy analysis shows
Oil storage shortage fears expected to be realised
Since oil prices crashed into negative territory earlier this week, Brent Crude prices have remained low at US$19.33 a barrel and WTI oil at US$10.01 a barrel at the time of writing
Global OCTG demand to decline by 15 per cent in 2020: Rystad Energy
The energy metals sector is bracing for a major backlash, as the COVID-19 pandemic and low oil prices are taking a heavy toll on global demand for OCTG (oil country tubular goods)
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