'Staggering Decline' Predicted for 2020 Oil & Gas Global Spending

GALWAY, IRELAND--July 28, 2020--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--There will be a "staggering decline" of more than 75% in global oil and gas project sanctioning from 2019 levels, as the Covid-19 pandemic has hit exploration and production (E&P) spending much harder than predictions at the beginning of the crisis.

Within this article: Details big 2020 drop in global oil and gas sanctioned project spending, slow recovery predicted, positive spending in Norway