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Oil And Gas Sector Needs To Innovate And Adapt Without Losing Focus

August 31, 2018

Via: Forbes

Every two years the great and the good in the oil and gas industry congregate in the southern Norway town of Stavanger for the ONS exhibition. This year’s event attracted 1,124 exhibitors from 37 countries visited by more than 65,000 people over the four days.

Since the previous event in 2016 the doom and gloom that pervaded the industry has lifted, boosted by hard-earned efficiencies that have reduced the breakeven cost per barrel coupled with a strengthening oil price. However, although the portents appear good as an industry that is used to cyclical challenges nothing is being taken for granted.

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