Global oil & gas spending to fall by more than 75% in 2020 – study

The Norwegian independent energy research firm, Rystad Energy, has said that global project sanctioning is set for a staggering decline this year by over 75percent from 2019 levels with total sanctioning value expected to end up around $47 billion. Of total global sanctioning value in 2020, Rystad Energy said some $27 billion is expected to…