While some oil producers in the Gulf region have taken a massive hit, others are scaling back projects in an effort to survive.
In hopes of avoiding a slowdown in momentum caused by the current downturn, OGCI Climate Investments launched a new program to finance oil and gas projects focused on methane reduction technologies.
Check out the latest products and services for the upstream oil and gas industry including a remote deployment model by Acoustic Data for a wireless monitoring system to overcome travel restrictions related to COVID-19.
A panel of oil and gas capital experts discussed the steps private equity professionals need to take to recover from the severe downturn.
Partners at Boston Consulting Group say it is critical for oil and gas companies to adopt new digital technologies for post-pandemic recovery.
Following the deal, oil prices will continue rallying throughout the month of June, averaging at around $43/bbl for Brent and $30/bbl for WTI, analyst says.
A new manufacturing process optimizes PDC cutter performance.
A recent survey revealed the energy transition will likely be immune to COVID-19 as 92% of oil and gas executives reported already having or developing a strategy to reduce reliance on fossil fuels.
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