Covid delays raise fears over project delivery
Impact of virus-related restrictions on work schedules appears to be increasing
The oil and gas production sector’s ability to work around challenges created by precautions against the spread of coronavirus has been impressive thus far, with most companies reporting little or no material impact on their physical operations from the changed work conditions. But, just as risks seem to be growing of further disruption heading into the northern hemisphere winter, cracks in this narrative are beginning to emerge. Hit by delays Norway’s Equinor admits that a number of its projects on the Norwegian continental shelf (NCS) are facing both increasing costs and delays in startup. And it says the main driver is Covid-19, alongside a weaker Norwegian krone on the costs side. “2020
Also in this section
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
31 July 2025
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.
