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Oil & Gas projects in the Covid-19 era
The COVID-19 pandemic has brought havoc in the energy markets. Oil prices turned negative, one third of global oil demand got erased between April and May, and as a result oil & gas operators had to revise their project pipelines. Cancellations, delays and farm outs were observed by most oil companies. But what really drives companies to move projects from pre-FID to FID (Final investment decision)?
Author
Stefanos Mourelatos
Categories
Lens
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