Year: 2021

2020 has been an extraordinary year for the oil and gas industry. When Rigzone asked several informed industry-watchers what they considered the biggest oil and gas trends during such a momentous year, their responses focused largely on two areas: digitalization and consolidation. Read on for their insights. Bob Benstead, Vice President, Strategic Planning with business cloud software firm Infor: One of the biggest trends I’ve seen in oil and gas in 2020 has been a reduction in operating costs through fewer full-time equivalents (FTEs) and the deferral of capital projects. Another is the…

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Rio de Janeiro — Brazil needs to continue making important oil industry reforms in 2021 to remain as one of the world’s top destinations for investments amid heated global competition and uncertainties about the coronavirus pandemic, according to government and industry officials. The efforts will come during a period of massive change in Brazil’s energy sector that will see state-led oil company Petrobras largely end its monopolies in natural gas and refining. Petrobras is looking to sell eight of its refineries, and has already completed negotiations to sell Refinaria Landulpho Alves…

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LAHORE: The energy sector should be depoliticized and people having conflict of interests should not be appointed in any of the key posts in the sector. This will help end incompetency, nepotism and favoritism in the energy sector and lead to proper development of the sector. These views were expressed by the energy sector experts responding to the questions speaking at a webinar at Lahore Chamber of Commerce and Industry (LCCI) here on Thursday. The energy experts including Senior Research Economist Pakistan Institute of Development Economics (PIDE) Afia Malik, Energy…

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