Empresas de exploração e produção do setor de óleo e gás estimam perda de até US$ 1 trilhão em suas receitas neste ano de 2020

Oil And Gas Exploration And Production Companies Estimate Losses Of Up To $1 Trillion In Revenues This Year 2020

Written by Roberta Souza

Published on 30/04/2020 at 16:11

óleo e gás, petróleo

Seja o primeiro a reagir!

In addition to the severe crisis established in global public health, Covid-19 has also created a huge economic crisis in the oil and gas sector. A new study indicates that with the decline in demand for derivatives in the international market, the revenues of oil and gas exploration and production (E&P) companies may see a reduction of approximately US$ 1 trillion in 2020.

See also

The analysis was carried out by the Norwegian consulting firm Rystad Energy. The estimated decline is 40% in revenues compared to last year, as in 2019 E&P companies totaled US$ 2.47 trillion, and for this year the forecast is that they will reach only US$ 1.47 trillion. The consulting firm had predicted a scenario before the Covid-19 pandemic where E&P companies would have a revenue of US$ 2.35 trillion in 2020.

The estimate for 2021 is not different, where revenues that were previously forecasted to reach around US$ 2.52 trillion also suffered a significant reduction, coming in at US$ 1.79 trillion. Rystad Energy’s upstream analyst, Olga Savenkova, further states: “This decline not only harms the solidity of companies and reduces the money available for investments and dividends, but also significantly reduces the government’s tax revenue. It will be a challenge for oil-dependent states, such as Russia and many Middle Eastern countries, to sustain their budgets.”

Rystad’s consultancy also conducted a new analysis for upstream spending in 2020. The expectation is that investments in this area will be reduced to a total of US$ 410 billion this year, compared to US$ 530 billion that were invested in 2019.

Finally, Rystad concludes: “We see a growing sentiment of decarbonization among E&P players and investment banks, with major players aiming to achieve carbon neutrality. As a result, the current low appetite for new sanctions on projects may mean that the ‘peak oil’ will arrive sooner than we thought just a few months ago.”

Oil And Gas Exploration And Production Companies Estimate Losses Of Up To $1 Trillion In Revenues This Year 2020

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

New noise radar starts to penalize irregular exhaust, excessive sound, and modified vehicles, and the technology is already changing the enforcement of noisy motorcycles and cars in Taiwan.

The probe that passed by Saturn nearly 20 years ago captured something that no one expected — and only now have scientists deciphered complex organic molecules coming from an ocean hidden beneath the ice.

Before mining the ocean floor, scientists found 24 unknown creatures at 4,000 meters — including an entire superfamily that science had never seen before.

In the asteroid belt, an “impossible comet” is releasing water vapor where it shouldn’t exist, and the James Webb telescope has revealed that primordial ice has survived for billions of years in a region that could rewrite the origin of water on Earth.

Mercedes has created an electric motor with over 1,000 horsepower that weighs only 12.7 kilograms — less than a suitcase and with the highest power density ever recorded.

Oil And Gas Exploration And Production Companies Estimate Losses Of Up To $1 Trillion In Revenues This Year 2020

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Oil at the center of global disputes and historical transformations

More than R$ 526 million generated in oil in 2025 was not enough to place Espírito Santo in the lead of innovation — and the data shows exactly where the bottleneck is.

With salaries of up to R$ 30,000 and 2,500 open positions, a shipyard in Aracruz (ES) is at the center of a billion-dollar project by Petrobras that involves platforms capable of producing 225,000 barrels per day.

Impacts of tensions in the Middle East: how the rise in oil prices is transforming infrastructure contracts in Brazil, raising prices, delaying schedules, and exposing billion-dollar fragility in the sector.

Impacts of tensions in the Middle East: how the rise in oil prices is transforming infrastructure contracts in Brazil, raising prices, delaying schedules, and exposing billion-dollar fragility in the sector.

New noise radar starts to penalize irregular exhaust, excessive sound, and modified vehicles, and the technology is already changing the enforcement of noisy motorcycles and cars in Taiwan.

The probe that passed by Saturn nearly 20 years ago captured something that no one expected — and only now have scientists deciphered complex organic molecules coming from an ocean hidden beneath the ice.

Before mining the ocean floor, scientists found 24 unknown creatures at 4,000 meters — including an entire superfamily that science had never seen before.

In the asteroid belt, an “impossible comet” is releasing water vapor where it shouldn’t exist, and the James Webb telescope has revealed that primordial ice has survived for billions of years in a region that could rewrite the origin of water on Earth.

Mercedes has created an electric motor with over 1,000 horsepower that weighs only 12.7 kilograms — less than a suitcase and with the highest power density ever recorded.