Global oil and gas project sanctioning in 2020 made a colossal drop in comparison to 2019 levels with Norway, and somewhat Russia, attempting to increase the total sanctioning value.

It appears that 2020 will pan out to be the “ before and after ” kind of year. There is a high probability that we will look back on the period up to 2020 as the “ before the pandemic ” and 2021 onwards as the “ after the pandemic ” in pretty much all facets of life. That means that 2020 will just be the time we don’t speak of – ever.