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Global project sanctioning status and forecast from 2014 to 2022 (source: Rystad Energy ServiceCube)

Global oil and gas project sanctioning is set to recover and exceed pre-COVID-19 levels from 2022

22 September 2020 Editor 0

The COVID-19 pandemic has devastated global oil and gas project sanctioning this year and will cause total committed spending to drop to around USD 53 billion from 2019’s USD 190 billion, Rystad Energy projects. Postponed […]