Global Industry: Investment approvals for new oil projects rising

oil-and-gas
Oil and Gas Industry

 Major oil projects that were delayed when oil prices crashed are starting to receive approvals. Rystad Energy says that the number of delayed projects that have now received a greenlight doubled in 2017 from the combined number in 2015 and 2016.

Those projects span Brazil, Angola China and elsewhere and are a sign of rising confidence in new upstream investments.

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