Economic contraction hits petroleum companies hard

Economic Contraction Hits Petroleum Companies Hard

Crowley

Financial analysts within the petroleum industry suspected that the news was going to be bad, but the severity of the downturn has been overwhelming. The financial performance of the upstream oil and gas producing companies during the first half of 2020 was at record lows. Even the large integrated companies…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.

 

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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