“Investments in the oil and gas industry have been facing problems since 2014, which produced a significant drop in capital spending in 2016. This drop finally started to recover in 2017. However, the COVID-19 pandemic interrupted that recovery, driving investment levels in 2020 to the lowest in the last decade, and making it more evident how sensitive the market is to crises.” 

Investment Challenges Affecting the Oil and Gas Industry [KAPSARC]