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Best Fully-Integrated Oil and Gas Company
Best Fully-Integrated Oil and Gas Company, Western Europe
Total
Best Fully-Integrated Oil and Gas Company, Eastern Europe
MOL Energy
Best Fully-Integrated Oil and Gas Company, Middle East
Petrixo Group
Finest Fully-Integrated Oil and Gas Company, North America
Petróleos Mexicanos (PEMEX)
Leading Fully-Integrated Oil and Gas Company, Latin America
Petrobras
Best Fully-Integrated Oil and Gas Company, Asia
PTT Public Company Limited
Best Fully-Integrated Oil and Gas Company, Africa
PetroSA
Best Oil and Gas Exploration Company
Best Oil and Gas Exploration Company, Western Europe
Cuadrilla
Best Oil and Gas Exploration Company, Eastern Europe
Gazprom
Best Oil and Gas Exploration Company, Middle East
Kuwait Drive Company
Best Oil and Gas Exploration Company, North America
Duke Energy
Best Oil and Gas Exploration Company, Latin America
Pacific Rubiales Energy
Best Oil and Gas Exploration Company, Asia
Petronas
Best Oil and Gas Exploration Company, Africa
Groupe Sonatrach
Best Oil and Gas Innovation in Exploration Technology
Best Oil and
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Oil & Gas Awards
Oil & Gas Awards 2020
The past year has seen the acceleration of several transformations in the oil and gas industry. Only the most dynamic and responsive firms will survive to see a successful future
In 2020 the world underwent countless changes, many of which we still don’t fully understand. Industries are still trying to figure out exactly what this means for the world, but perhaps none more so than the oil and gas sector. Between the collapse of global travel, the overnight shutdown of many manufacturing industries and drastic changes to how energy is consumed in the home, energy demand has fallen to a level that should have taken decades to reach.
While the industry has a track record of recovering from crises, this time is different. A 2020 McKinsey & Company report titled ‘Oil and gas after COVID-19: The day of reckoning or a new age of opportunity?’ warns that financial and structural problems have broadly left the industry in particularly poor health. Between the development of shale extraction, excesses of supply and all-too-eager financial markets, the sector was ill-equipped for a sudden shock. Combined with mounting social pressure and the
The past year has been a momentous one for the oil and gas industry. Ever since the price of oil started to slide from historic highs in 2014, commentators have been asserting that the commodity has finally bottomed out.
After touching below $30 a barrel – a 70 percent decline from pre-slump highs – at the start of the year, the price of oil did see some recovery. However, Brent crude has scarcely been able to rise much above $50 a barrel. When – if ever – oil will rebound to pre-2014 levels is anyone’s guess.
Major producers such as Saudi Arabia and Iraq are still pumping out the commodity at record levels, and much-hyped OPEC talks looking to make agreements on slashing production levels have consistently burned out. What is certain, however, is that this seemingly new – or perhaps endless – low for oil is shaking up the entire global energy industry.
While many rigs have closed and firms have gone bust, US shale is still roaring ahead
Americanising oil
After two years of depressed prices, shale oil in the US finally started to feel the pinch in 2016. While American unemployment rates have largely fallen over the last year, it saw upticks at the start of 2016 in sta