Oilfield services, shipbuilders and other industries that rose with the pre-2014 oil price boom have had it hard. Since barrel rates fell, their previous patrons have become uninterested in doling out major purchase orders, leaving oil and gas equipment manufacturers without revenues.
The thought of just two people operating one of the world’s largest gas fields might perplex some, but that’s just what’s happening in the Netherlands.
The Industry Technology Facilitator (ITF) today launches a new website aimed at getting new oil and gas innovations off the shelf and into use more quickly.
The crude price collapse has got oil and gas companies talking seriously about using large unmanned platforms more widely, an industry chief said today.
Technology and innovation are at the forefront of oil and gas majors’ thinking after years of being paid lip service, industry leaders from BP and Shell said yesterday.