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EnergyWatchTuesday3 October 2023
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Oil & Gas

Oil industry vulnerable amid second major crisis in six years

The global oil industry is far from prepared to weather the current storm, according to a new analysis by consultancy MSI Offshore.
Photo: Colourbox
Photo: Colourbox
by MATHIAS JULIUS FALKENGAARD

It's going to be particularly difficult for oil companies to handle the crisis of supply and demand brought about by the explosive spread of the coronavirus – not least because the costs were already brought far down during the last oil crisis, analyst firm MSI Offshore assesses.

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Further reading

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Latest news

  • Iberdrola cancels another offshore wind farm project –
  • Crown Estate updates floating wind tenders –
  • TotalEnergies and Corio make bid for 1.3GW tender in New Jersey –
  • Equinor named as potential buyer for Wintershall Dea –
  • Wavepiston needs to triple investments to reach goal –
  • Commissioner prepared to delay tariffs on electric vehicles between EU and UK –
  • Danish energy major takes dive due to continued interest rate hikes –
  • Subsea 7, Aker Solutions and SLB join forces in new joint venture –
  • Tech company challenges electricity trading: "We aim to be among the best in the industry" –
  • Ocean Winds divests from Moray East –
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Jobs

  • COO

  • Category Manager, Project Procurement

  • Lifting Engineer – Offshore Wind Industry

  • Project manager for connecting renewable energy and large-scale consumers

  • M&A tax profile for Accura's Tax department

  • Portfolio consultant for construction projects and renewable energy connection

  • Business Developer for wind & solar, offshore, storage and PtX

  • Experienced Gas Trader to setup Gas Spot Desk at CET and be part of the management team

  • Head of Projects for wind & solar, offshore, storage and PtX and part of the management team

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  • Lawyer for Real Estate in Aarhus

  • Engineer for exciting station projects

  • Engineer for the development of future electricity infrastructure I Energinet

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  • Data Engineer

  • Specialist/Analyst for gas market operations

  • Consultant for Denmark's trade organisation for green heat

  • Maternity cover for the Power-to-X and Green Fuels team

  • Masterdata-specialist

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