Petroleum Review August 2020

Petroleum Review begins this month with an overview of the North Sea, where the joint whammy of COVID-19 and the oil price crash brought most M&A activity to a halt. But signs of renaissance are looming.

Meanwhile, economic recovery is paramount as China looks to reset both its economy and energy sector for a deglobalised world.

Continuing the energy transition theme, we also look at how the Energy Institute’s technical programme is helping guide the energy sector towards a low carbon future.

Although the current business environment for the oil, gas and energy sector may be clouded with uncertainty, we report that, with their tanks full, storage terminal operators around the globe are looking ahead with some confidence.

We also explain how the Lastfire initiative is helping drive a smooth transition to the use of fluorine-free fire-fighting foam.

Our health and safety feature highlights how managing human performance at work is key to keeping staff safe and avoiding environmental disasters, and looks at how new technologies are driving safety in a decarbonising oil and gas sector. We also present a plethora of H&S guidance developed by the global energy industry in response to the COVID-19 pandemic.

The magazine closes with a snapshot of the EI’s Energy Barometer 2020 report, with a specific look at an energy sector in transition towards net zero through the eyes of EI members.