Only The Low Cost Survive: Oil and Gas in Unprecedented Times
Channel: Digital Oil and Gas
Date: 27/05/2020

We are in unprecedented times. A global pandemic. The deepest recession since the Great Depression. 305 million unemployed. A 20% drop in oil demand for 2 months, and a 10% annual drop. A price war between OPEC and Russia. Trillions of stimulus dollars injected to shore up economies. 

In times like these, only the low cost players survive, and increasingly they look to digital innovations to find cost savings, productivity boosts, carbon reductions, and finally pandemic resilience. 

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