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
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
