Despite booming oil prices the industry is being constrained by resource shortages in oil supply, refining capacity and talents across the sector despite a 20% increase in investments by IOC's and NOC's.
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Bridging the talent gap
A new report by Arthur D. Little explores the reasons why, despite the buoyancy of record pricing, growth in the oil industry is being constrained by a worrying skills shortage across the sector. The…
The Beginning of the End for Oil?
Introduction A misplaced consensus? Across the energy industry, there appears to be a strong consensus that the economic crisis of 2008/9 will cause only a short-term slowdown in rising energy…
Can Group 1 base oil come back?
The global economy is benefiting from declining oil prices due to the higher economic multiplier in the typically poorer oil importing countries. Consequently, base oil consumption in the…