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Project sanctioning status and forecast by commitment year 2014 to 2023 (source Rystad Energy ServiceCube)

Oil and gas project sanctioning in 2020 set to fall by more than 75% despite activity in Norway, Russia

20 July 2020 Editor 0

Global project sanctioning is set for a staggering decline this year of over 75% from 2019 levels, as the COVID-19 epidemic has caused E&P spending to drop much lower than what was expected at the […]