More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic and the ongoing oil price war, a Rystad Energy impact analysis shows, also revealing that shale services will bear most of the reductions.
Japan’s Inpex Corporation is reviewing its investment plans and looking into other cost-reducing measures due to the current market situation and the impact of the coronavirus and the oil price decline on its business operations.
Europe still leads the world in tidal energy installations, and European tidal stream projects generated 50 per cent more electricity in 2019 than the year before, according to statistics released by Ocean Energy Europe (OEE). European tidal stream capacity continued to climb in 2019, reaching 27.7
