IN THIS ISSUE
In February, the International Energy Agency said that global oil demand would drop this quarter for the first time in over a decade as fears over coronavirus batter the global economy. Significant too is the fact that OPEC production cuts have done little to reduce surplus. We look at the factors behind the drop in oil demand.
Also, we look into the history of the dispute in the Saudi-Kuwait Neutral Zone and what it could mean for offshore producers in the region. And, following BP's announcement of its plan for net zero, we examine how the company is forging a path for corporate responsibility in the sector.
Elsewhere, we get the inside line on Aker BP and Cognite's trial of robotic systems that could improve offshore efficiency, safety and sustainability. We also find out how Equinor plans to extend the life of the Statfjord field for another two decades.
Finally, we examine Russia's $300bn Arctic offshore project, the effect of Orsted's transition to renewables, and what the delayed shutdown of the Forties pipeline means for the industry.
Callum Tyndall, editor
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