Exploration

US faces largest ever drop in fracking activity, says Rystad Energy

oil pump jack 1407715 640The Covid-19 pandemic has ravaged global oil demand and, coupled with the extremely low price levels brought on by the wide supply surplus, is likely to cause the largest monthly drop in fracking activity ever recorded in the US, a Rystad Energy analysis shows

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International Marine Contractors Association shares COVID-19 guidance

Allen Leatt 2018 comprThe International Marine Contractors Association (IMCA) continues to add to its dedicated COVID webpage a variety of information and links to be of use to its membership

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Oil storage shortage fears expected to be realised

11931606484 e669bd8bf7 kSince oil prices crashed into negative territory earlier this week, Brent Crude prices have remained low at US$19.33 a barrel and WTI oil at US$10.01 a barrel at the time of writing

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‘US to take the biggest hit as global OCTG demand declines by 15 per cent in 2020’

random sky 7L1ONWHf4UI unsplashThe energy metals sector is bracing for a major backlash, as the COVID-19 pandemic and low oil prices are taking a heavy toll on global demand for OCTG (oil country tubular goods)

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Global oil industry reacts to first-ever negative oil prices

49638457986 dfe78004a4 oYesterday was a historic day for the oil industry with prices crashing and going into negative territory for the first time

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