From the man who launched a bid to save thousands of jobs and the next day lost his own to the oil worker who turned a Christmas disaster into a new business opportunity, Energy Voice's Sub $50 campaign covered it all.
A trio of Aberdeen-based engineers with more than 70 years experience between them have set up their own business after finding themselves victims of the oil price crash.
Visitors to OTC in Houston earlier this month may well have caught the incongruous sight of a well dressed man touting a placard on a busy street corner that read: Hiring? Take my resume.
There are not too many people who would turn their back on a highly paid contractor role with an oil and gas operator to launch a new business from a converted chicken shed.
Energy Voice has launched its latest sector research campaign aimed at uncovering upstream offshore oil & gas industry opportunities in a low oil price environment.
British Consul Karen Bell said there is "massive opportunity" for companies to take advantage of the lower oil price and bid for new business with firms.
With Brent crude prices falling below $50, widespread trader views of continuing oversupply and massive cut-backs in the oil and gas industry, Shell has begun drilling in one of the world’s highest cost locations, endeavouring to tap the huge reserves of the offshore Arctic!
So what’s going on?
We all know, but often choose to forget, that the oil industry is an extremely cyclical business, the continuing victim of regional wars, global geopolitics and macroeconomics.
After nearly 20 years of subdued prices, oil convincing broke through $50 in the second quarter of 2005, surging to exceed $140 in summer 2008 before collapsing again to $40 during the global financial crisis.