The oil and gas industry experienced unprecedented disruption in 2020.
The oil and gas industry experienced unprecedented disruption in 2020. The global lockdown response to the COVID-19 pandemic caused an enormous reduction in fuel use in the transport sector, leading to an imbalance between supply and demand. Hydrocarbon processing facilities struggled to adapt their operations. One effect was curtailment in engineering, procurement and construction (EPC).
It is impossible to predict exactly how pent up needs will translate into increased demand. However, one thing is certain: the industry has never had a greater need for flexibility and responsiveness. As the supply-and-demand landscape continues to evolve, facilities will seek to quickly define and meet pr
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