Oil and gas supply outfits face 'existential' choices to survive energy transition: report

New research by consultancy Rystad Energy shows total value of contracts awarded to oil and gas supply chain companies slumped to a 16-year low of $446 billion in 2020

Red alert: oil and gas services companies face tough choices amid energy transition
Red alert: oil and gas services companies face tough choices amid energy transitionPhoto: REUTERS/SCANPIX
Published 20 January 2021, 16:24Updated 20 January 2021, 16:24