Global energy reliability concerns are triggering a surge in oil and gas investments – but this uptick is only temporary, and service companies should capitalize now before the focus returns to the energy transition. After Russia invaded Ukraine, expected investments in fossil fuels in 2022 and 2023 surged by $140 billion, Rystad Energy research shows. Before the war, the two-year total was projected at $945 billion, but as the war sparked shortages and sky-high prices, expected spending has jumped to almost $1.1 trillion. Of the $140 billion…
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