In Oil and Gas, Innovation is Key to Success

COVID-19 has turned the world upside down. If you are reading Oilman Magazine, then you, dear reader, know that the oil and gas industry is facing a major challenge. However, it is not like the industry has not been here before. As we all know very well, the oil industry is cyclical and world events, politics, and even global pandemics affect pricing and production, are the nature of this unique industry. We know that the industry will come out of this stronger, and ready to tackle new challenges that lie beyond the horizon. The 2014 downturn lead the industry to adopt more technology and improve efficiency. It will be interesting to see what new innovations the COVID-19 pandemic will bring to the oil and gas industry. While there is the burning question about how this will affect the companies we interview, we did not want to dwell on that in this interview, because we know very well that the industry will regain its momentum after this pandemic passes.

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October 13-15, 2020

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