Look ahead to 2020: Another challenging year lies ahead for Oil and Gas sector
Look ahead to 2020: Another challenging year lies ahead for Oil and Gas sector
By Dr Marc Gronwald, Senior Lecturer in Energy Economics, University of Aberdeen
It is very likely that 2020 is going to be at least as challenging as 2019, if not more so, for the oil and gas industry.
There are two main reasons for this. Firstly, the oil price is expected to remain on a relatively low level, overall comparable to last year. Second, the energy transition has only just begun and any...