The phrase ‘new normal’ is very popular at the moment. In the oil and gas (O&G) sector, we have had to adapt to many a new normal over the years. ‘Lower for longer’ was meant to be the new normal with prices in the USD $60-70/bbl range, before they went much lower than that. Now we have a different type of new normal – one fundamentally changing our working practices as we look to ward off the COVID-19 threat. However, though this time it really is different in many respects, one crucial thing remains the same: our sector is a tremendously inventive and a resilient one, and there is no reason to think we cannot weather this storm.
To read the full Valve World Americas October industry outlook, please visit: https://www.valve-world-americas.com/webarticles/2020/10/06/covid-19-lessons-for-oil-and-gas-manufacturers-and-suppliers.html