Delayed Project Sanctions in 2017 More Than Double the 2015–16 Count
Delayed final investment decisions during the final quarter of 2017 led to more than double the combined count in 2015 and 2016.
What Project Sanctions Tell Us About the State of the Upstream Sector
Many of the biggest players in the industry—particularly the majors—have adapted their portfolios for “lower for longer” and are once again sanctioning big projects. While we are not back to the heady days of 2010–2014, we have left behind the dark days of 2015–2016.
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