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1 Απρ 2020 · Pressure is coming from all sides: a precipitous decline in global oil demand as the pandemic has slashed fuel consumption, especially in the transport sector, aggravated by a supply shock due to the end of restraints on production from OPEC producers and Russia (OPEC+).
8 Οκτ 2020 · The oil and gas industry is laying off workers at an unprecedented pace to cope with a pandemic that crashed energy prices and raised doubts about the future of fossil fuels.
The 2024 oil and gas industry outlook explores five trends and industry drivers that are expected to play an important role in shaping the strategies and priorities of O&G companies in the upcoming year: Energy transition: Prudently allocating capital and effectively executing clean energy policies.
The upstream oil and natural gas (O&G) industry risks losing more than 200,000 jobs over the next 6–12 months—comparable to the 2015–16 oil market downturn.
3 ημέρες πριν · (1) The layoffs and discharges level is the number of layoffs and discharges during the entire month. (2) The layoffs and discharges rate is the number of layoffs and discharges during the entire month as a percent of employment.
5 Οκτ 2020 · It’s the “fastest rate of layoffs in the industry’s history,” the report says—a remarkable pace even for a sector famed for its sky-high booms and punishing busts.
What does this mean for the oil and gas (O&G) industry? Global oil demand fell by 25% in April and it has rebounded sharply since then, cutting its losses to just 8%. Looking ahead, 2021 oil demand is expected to recover strongly but remain lower than pre–COVID-19 levels, about 4% lower in the base case and about 7%
