It is speculated that over 76,000 people lost their jobs in the oil industry from February to June, 2020 due to COVID-19 crisis and subsiding oil demands.
Resources for the Future and the Center... Read more
2020 was a year filled with ups and downs for the Colombian oil industry, as the Ministry of Mines and Energy recently reported that the production fell by almost 11.6 percent in the first 11 months o... Read more
Tarek El-Molla, Egypt’s Energy Minister, had a meeting with Israeli Energy Minister, Yuval Steinitz, to combine the Israeli Leviathan gas field with the natural gas liquefaction units in Egypt t... Read more
Oil prices increased by $1 recently as the output in the US were hit by the Texas snowstorm. Crude production came to a halt for more than a week, and the oil producers are now slowly recovering from ... Read more
Due to frozen equipment and lack of power, there is a huge loss on oil and gas production for numerous days or may be weeks, as per the information provided by industry experts.
Texas is the place wh... Read more
Canvass AI is one of the leading AI software providers for the industrial sector. The firm unveiled that two of the major energy companies deployed its AI platform to leverage asset utilization, reduc... Read more