world in lock down. pros and cons, what to expect

An estimated drop in demand of 9.3 million barrels a day this year is equivalent to a decade's worth of growth

1. WORLD IN LOCKDOWN THE DIRECT IMPACT OF COVID-19 ON O&G INDUSTRY

2. Demand Drops An estimated drop in demand of 9.3 million barrels a day this year is equivalent to a decade's worth of growth.

3. Rig Infection Norwegian oil and gas company Equinor ( Martin Linge field in the North Sea) announced an offshore worker had contracted coronavirus. Work on the rig is proceeding with production as normal, but non-critical tasks are using reduced manpower Fourteen people were taken off Shell's Nelson rig after being identified as close contacts of a positive case BP said one person on its Andrew platform had experienced Covid symptoms and was taken ashore where they later tested positive.

4. Equinor is not the only company enforcing travel restrictions. Royal Dutch Shell was one of the first companies to announce it was suspending travel for its employees, and others then did the same. Chevron has asked employees to defer travel, and it was among the first to send downstream employees home. The company sent employees at its London offices home on 26 February after an employee displayed “flu-like symptoms”.

5. Way Forward O&G Survival Enabling Remote Working Digitalization O&G Technology Emerging Technologies to Support O&G Digitalization