Falling Prices Increases Importance of Secure and Continuous Oil and Gas Production
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Posted: 2020-06-1706:01 AM. Last Modified: 2021-10-2802:02 AM
Falling Prices Increases Importance of Secure and Continuous Oil and Gas Production
The effects of crude oil prices can be felt around the world. The price of oil is near to an eleven-year low, and analysis by data trader Daryl Guppy, who writes for CNBC, predicts that the current trends might mean “prices have further to fall.” This current period of falling oil prices is challenging for everyone involved.
In our complex industry, which has continuous improvement in its DNA, there’s no single problem and therefore no silver bullet solution. Besides meeting the challenges presented by the geopolitics of oil production, companies must still address matters including the safety and productivity of its people, the protection of the environment as well as process and facility equipment, production availability and increasingly today, information and data.
To learn more about this topic, please read the full blog with the link below: