Over US$85bn of 2020 forecast expenditure erased from oil and gas sector

Over US$85 Billion of 2020 Forecast Expenditure Erased From Oil and Gas Sector

Crowley

To protect balance sheets, maintain shareholder pay-outs and preserve cash, oil and gas companies have gone into survival mode, reducing forecast expenditure where possible to weather the impacts of COVID-19 and oil market volatility, says GlobalData, a leading data and analytics company. Daniel Rogers, Oil and Gas Analyst at GlobalData,…

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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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