It is not hard to find evidence of how supply chain problems and shipping bottlenecks are directly and indirectly having an impact on the upstream business, potentially threatening project sanctions.

One logistics expert, who is well-versed in oil and gas projects, told Upstream that the upshot of this chaotic market is that “we are seeing clients talk about delayed final investment decisions, partially in response to the unprecedented — this is not hyperbole — freight rate levels and the associated volatility.”