This week, BP projected that global demand for oil may have peaked in 2019 and that we shouldnโt ever expect demand to recover to pre-COVID-19 levels. On the face of it, BPโs analysis is stark, with global demand for oil reducing in all three of its scenarios over the next thirty years.
Our client Humber Oil & Gasโ divestment of its interest in one of the largest UK onshore hydrocarbon discoveries may have been our second oil and gas deal of 2020, but it was the first we conducted wholly remotely, thanks to UK lockdown rules.