The outbreak of the coronavirus led to a significant decrease in worldwide oil consumption and prices, prompting major oil and gas firms to reduce their spending and postpone project timelines. Firms embarked on digital transformation, asset optimisation, and predictive maintenance, along with net-zero strategies, leveraging financial tools like NPV and IRR for recovery. Technological advancements such as AI, IoT, smart drilling, and modern seismic techniques have enhanced productivity and environmental friendliness. In general, the pandemic hastened technological advancements and sustained long-term economic benefits within the oil and gas sector. The novel coronavirus, SARS-CoV-2, is a respiratory illness that spreads through airborne transmission, first detected in 2019......
Keywords — Oil and gas, Covid-19 impact on oil and gas, strategy adaptation, weighted analysis