COVID-19

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.

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

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

Many of us are working remotely now, which generally means we are in our homes in makeshift cubicles or an office setup. Among the faces supporting the industry are another group of remote workers: the offshore and onshore personnel working in remote locations around the world.

Even some free-market advocates are calling for regulators to step in and try to help pull them out of what feels like a chasm by setting production limits.