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Upstream spending will struggle to recover to pre-pandemic levels: Rystad

The toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping $285bn, and although spending will slowly start to rise from 2022, it will not reach pre-crisis levels of $530bn in the coming period, Norwegian energy intelligence firm Rystad reported. In February 2020, before …

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The toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping $285bn, and although spending will slowly start to rise from 2022, it will not reach pre-crisis levels of $530bn in the coming period, Norwegian energy intelligence firm Rystad reported. In February 2020, before …

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