COVID-19 Lessons for Oil & Gas Manufacturers/Suppliers

12 October 2020

The phrase ‘new normal’ is very popular at the moment. In the oil and gas (O&G) sector, we have had to adapt to many a new normal over the years. ‘Lower for longer’ was meant to be the new normal with prices in the USD $60-70/bbl range, before they went much lower than that. Now we have a different type of new normal – one fundamentally changing our working practices as we look to ward off the COVID-19 threat. However, though this time it really is different in many respects, one crucial thing remains the same: our sector is a tremendously inventive and a resilient one, and there is no reason to think we cannot weather this storm.