• Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise
  • Contact
Energies Media
No Result
View All Result
No Result
View All Result
Energies Media
No Result
View All Result

Oil and Gas Conversations Surge 100% on Twitter Over Last 90 Days

Energies Media Staff by Energies Media Staff
November 16, 2021
in Business, News, Oil and Gas News
0
Oil and gas conversations surge 100% on Twitter over last 90 days, finds GlobalData

The COVID-19 crisis has affected a wide range of businesses, but its impact on the oil and gas industry is particularly severe due to restrictions on travel as well as other broader economic activities, causing a heavy blow to the global oil demand. A similar trend is observed on GlobalData’s Oil & Gas Exploration Influencer Platform, where there is more than 100% spike in conversation volume during February-April period in 2020 in comparison to the previous 90 days, says GlobalData, a leading data and analytics company.

An analysis of Oil & Gas Exploration Influencer Platform, which tracks more than 100 leading industry experts and their discussions around the emerging trends, insights and overviews, new fields of innovation and technology, and other popular areas on Twitter, revealed that ‘Production Cut’ and ‘Oil Price Crash’ as popular themes among the oil and gas conversations as a slump in demand and insufficient storage capacity had forced companies to cut production and resulted in the U.S. oil price to fall negative for the first time in history.

Prashant Saxena, Influencer Expert at GlobalData, says: “The COVID-19 induced oil demand plunge combined with the price war has really thrown the oil and gas industry into chaos. This environment of depressed oil prices, and revenue and production declines will likely continue to present major challenges for oil and gas companies.”

InventU

Oil and gas conversations surge 100% on Twitter over last 90 days, finds GlobalData‘Trade War’ was another theme that appeared prominently among oil and gas conversations, triggered by Russia’s refusal to reduce oil production in order to keep prices at moderate level. This move sent stocks crashing with more than 30%, which led energy traders stunned.

‘Employee Layoff’ also emerged as one of the leading themes as many oil and gas firms are struggling to survive quick drop in global demand due to COVID-19, combined with sharp price drop in the U.S. markets. Companies like Halliburton Co., the world’s dominant fracking-services provider, said it would layoff 3,500 workers at its Houston headquarters.

Saxena concludes: “Since then, the outlook has somewhat improved across oil and gas markets as oil prices have rebounded from their April lows but, the situation still remains fluid with the potential second wave of COVID-19 infections, creating an extraordinary degree of uncertainty over what the full global impact of the virus will be.”

Author Profile
Energies Media Staff
Website
Author Articles
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
    August 26, 2025
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    E-Fuels
    August 13, 2025
    2nd Annual World E-Fuels Summit
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    What Happens to Solar and Wind Systems During Natural Disasters?
    August 6, 2025
    What Happens to Solar and Wind Systems During Natural Disasters?
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ship on body of water at night
    August 1, 2025
    Industry leaders to speak at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference 2025
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
    July 31, 2025
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Europe Nuclear Energy & SMR Conference (ENES2025)
    July 31, 2025
    Europe Nuclear Energy & SMR Conference (ENES2025)
Previous Post

GPA Midstream, GPSA Announce New Officers and Board Members

Next Post

China and US Lead New-build Capacity Growth in Global LNG Regasification and Liquefaction Sectors

Next Post
China and US lead new-build capacity growth in global LNG regasification and liquefaction sectors

China and US Lead New-build Capacity Growth in Global LNG Regasification and Liquefaction Sectors

ADIPEC

In This Issue

Energies Media Summer 2025

ENERGIES Media (Summer 2025)


Energies Media Interactive Crossword Puzzle – Summer 2025


Dewey Follett Bartlett, Jr.: Tulsa’s Champion of Independents


ENERGIES Cartoon (Summer 2025)


Meeting Emergency Preparedness and Response Criteria


Maximizing Clean Energy Tax Credits Under the Inflation Reduction Act


Moving Energy Across Space and Time


Bringing Safety Forward in Offshore Operations


Why Energy Companies Need a CX Revolution


The Hidden Value in Waste Oil: A Sustainable Solution for the Future


NeverNude Coveralls: A Practical Solution for Everyday Dignity


How to Deploy Next-Gen Energy Savers Without Disrupting Operations


U.S. Oil Refineries Face Critical Capacity Test Amid Rising Demand


Letter from the Managing Editor (Summer 2025)

InventU
InventU
  • Terms
  • Privacy

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.