The oil and gas industry has been going through a difficult time in the past couple of years. In the midst of the global pandemic caused by COVID-19, the price of oil crashed. This was followed by a spike this year due to Russia’s invasion of Ukraine. The sector...
As the oil and gas industry continues to become more sustainable, more companies are starting to explore and implement new technologies that can help them cut down on their carbon footprint and improve their operational efficiency. This is happening as the Middle...
The 2020 pandemic had a damaging effect on many businesses. The oil and gas industry was particularly negatively impacted. Energy consumption dramatically decreased, prices dropped, and producers were left with product oversupply. As the world moves past the pandemic,...
The oil and gas industry is constantly undergoing trends due to major advancements in digital and machine technologies. The results are an industry that is safer, more streamlined, and less laborious for their workforce. Most of the latest trends that are occurring in...
About a month ago, the oil and gas industry reached an all-time low. The demand for oil dropped rapidly due to the spread of COVID-19, more commonly known as the coronavirus, right as Russia and Saudi Arabia flooded the market with an excess amount of oil. This left...
