Is Crude Oil Storage on Vessels the Answer?

Is Crude Oil Storage on Vessels the Answer?

RMI Supply

Two of the world’s largest producers of crude (Saudi Arabia and Russia) refused in early March to curb output and are now flooding the market with inexpensive oil. Given the current economic conditions caused by the global spread of COVID-19, demand for crude has dropped oil prices to 20-year lows….

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Michael Cody is a Manager in Opportune LLP's Process & Technology practice. He has over 14 years of experience in multiple ETRM and marine systems domestically and internationally.

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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