Scott Johnson

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The oil industry needs to get used to dwindling demand

Earlier this year, crude oil consumption fell by as much as a third as a result of the coronavirus crisis. But falling demand has been a worry since long before this year. While many in the industry may stick their head in the sand or plug their ears, they need to realise that demand may never full ...

Scott Johnson


Posted 2 months agoOpinion > CoronavirusDemandRenewable Energy +7

The decline of the family-owned oil company

Since the first US oil well was drilled in 1859, countless families have made a name for themselves in the industry. There were many private, family-owned oil and gas firms across the US. America's first billionaire, John D. Rockefeller, built his fortune from the founding of Standard Oil in 1870. ...

Scott Johnson


Posted 3 months agoOpinion > family businessfamily planningsuccession planning +3

Carving out a new identity for oil and gas

As the coronavirus crisis wreaks havoc across the globe, no industry has been safe from its effects. Oil and gas are no exception. April 20 th , 2020 was the first day in history where oil recorded negative prices . Since the beginning of the pandemic there has been a loss of one third of total de ...

Scott Johnson


Posted 4 months agoOpinion > United KingdomBPAustralia +3

Can oil tech increase productivity enough to save the industry?

Thanks to changing consumer and industry behaviours, it's likely that the demand for oil will begin to decrease sharply within 10 years. That means the race is on to improve upstream productivity. Industry experts and others such as economist John Mills , Robert Gordon and Christian Odendahl ...

Scott Johnson


Posted 1 year agoOpinion > upstreamtrendsProductivity +2

Are oil companies doing enough for local fishing communities?

Oil, especially upstream, is a tough business and potentially impacts not just on the environment but also on communities. There is a tendency to think that oil companies don't do enough to counter the fears of local people. But is that really true? Outside of the oil business, companies, and thei ...

Scott Johnson


Posted 1 year agoOpinion > OilFishingCSR +2
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