What industry leaders expect for 2021 ///

It is an understatement, to say that 2020 is the year that people want to forget—most people were “done’ with this year by about August. Nevertheless, it’s hard to ignore a year that was filled with so much impact, and which was deadly (Covid-19), tumultuous (oil market and prices) and unpredictable (politics, elections and regulation), often all at the same time. There were unprecedented social and business lockdowns in response to Covid-19 that killed demand. There were record-low oil prices and record-low rig counts that slashed activity. And there were record-high vote totals in the U.S., amid an election that just finally resolved itself on Dec. 14. Against this background, a core group of our editorial advisors has worked to assess the global E&P industry during the last 12 months, and attempted to foresee what may take place in the coming year. Some of the subjects tackled by our advisors include a look at how to boost the global LNG market; continued uncertainty for the UK Continental Shelf; the carbon intensity of reserves, as the next step to net-zero; the role that Norwegian firms are playing in developing technology that will help the industry to prosper; a look at some talented leaders that are impacting the industry in its time of need; the true impact of digital oilfield technology; and a look at an Arctic oil field of the future, which is developing now. We encourage you to read forward for all the details.

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