The oil industry only has two choices as it reshapes itself after the oil price crash — either become broader energy firms or pursue a narrower specialization in oil and gas, Energy Voice reported , citing a new report from PwC. The coronavirus pandemic brought a collapse in oil prices and demand which makes the choice for oil firms more urgent than before the crisis. Oil companies have “years, not decades” to decide which strategy to pursue and they should start choosing now, according to PwC as quoted by Energy Voice. In a recent analysis of the UK offshore oil and gas industry, PwC said that crises have forced the oil sector to reinvent itself many times in the past, but this time around, the COVID-19 pandemic has brought the energy transition to the forefront with more urgent choices for the industry to make. “However, what makes this crisis […]