Research firm Rystad Energy has found that more delayed projects have been sanctioned so far in 2017 than during the entirety of 2016 – but the overall list has continued to grow.
US gas companies could see a large LNG export potential to China after President Donald Trump and President Xi Jinping reached the bilateral trade agreement last month, said Rystad Energy.
There is hope in the oilfield service industry despite the current downturn with a project $30billion growth from 2014-2018 according to a leading analyst.
Job cuts, lack of capacity and failure to invest in field development could lead to a oil supply shortage in coming years, according to research by oil and gas consultants Rystad Energy.