COVID-19

What will the landscape of this industry look like when the dust of the current price crash settles? The business will realign, as it always does. This may bring big changes to the future of technology development.

Rystad Energy's analysis shows the decline is in contrast to $170 billion worth of tenders awarded in 2019. Tender activity is expected to show marginal recovery in 2021, reaching about $74 billion.

No vacancy? The hunt for global alternatives to store crude oil includes offshore, global strategic reserves, pipelines, rail cars, and trucks.

For the offshore sector, the collapse in oil demand and prices came just as the market was beginning to look up. Now many companies are focused on survival. This article discusses how various market segments, regions, and companies are faring in “the new reality.”

The US crude inventory grew by 74 million bbl since 13 March when the US declared a national emergency in response to COVID-19.

Rystad Energy estimates show demand will be at its lowest in April before moving back up again in May.

On 20 April, a historic drop of oil prices occurred. WTI futures contract dove into negative territory for the first time ever.

SPE's first live editorial roundtable discussion covered latest news and new technologies.

University of Houston Energy asked 408 industry workers to gauge their companies’ response to the global pandemic and economic downturn.

SubseaIntel will provide an overview of its upgrades over the next 3 months.