In a speech on 24 November 1992, marking her
Ruby Jubilee on the throne, Queen Elizabeth II said, “1992 is not a year on which I shall look back with undiluted pleasure. In the words of one of my more sympathetic correspondents, it has turned out to be an
annus horribilis.”
Annus horribilis. This is a moniker that oil and gas insiders might well apply to 2020 given the disastrous effects on the industry from Covid-19 pandemic (“Pandemic”) and its accompanying recession which brought a precipitous fall in demand and price. Indeed, in May the price of crude oil briefly went negative for the first time in history. This was followed by massive layoffs across the board and sharply curbed investments in planned and ongoing projects. Several major oil companies announced profound changes in their long-range focus from hydrocarbons to greener energy.
Brazilâs Energy Platform aiming for new horizons
Bnamericas Published: Monday, December 14, 2020 You have reached your limit of free pageviews this month (5/5)
Request a free demo and find thousands of business opportunities in Latin America. Make decisions with valuable and relevant information about your industry.
Request a free demo and find thousands of business opportunities in Latin America. Make decisions with valuable and relevant information about your industry. Name Phone
9,000+ projects in Latin America
22,000+ global companies that do business in the region.
46,000+ key contacts related to companies and projects. Analysis, reports, news and interviews about your industry in English and Spanish.