July 28, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The global oil and gas industry experienced a shake-up in 2020, when the COVID-19 pandemic slashed demand, and project developers deferred several projects that were on the drawing board. Industrial Info tracked more than $200 billion in oil and gas projects deferred at this time.
However, a couple of years later, things are heating up again, especially in the natural gas sector. Demand is back, and projects are once again moving along. Russia's invasion of Ukraine has shaken up the European gas sector as countries there learn to wean themselves from Russian gas, whether voluntary or involuntarily. In a recent Industrial Info webinar, Shane Mullins, Industrial Info's vice president of product development, and Jesus Davis, research specialist for the oil and gas production, pipelines and terminals industries, discussed how these trends are shaking out in both North America and on a global stage.
Companies featured: Sempra Energy (NYSE:SRE) (San Diego, California), Energy Transfer (NYSE:ET) (Dallas, Texas)
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