The industry will see a return to bigger project sanctions, Angus Rodger, Wood Mackenzie’s research director for Asia Pacific upstream oil and gas, has confirmed. The industry will see a return to bigger project sanctions, Angus Rodger, Wood Mackenzie’s research director for Asia Pacific upstream oil and gas, has confirmed. “We cannot just have lots and lots of small projects forever. It will not sustain the industry,” Rodger said in a Wood Mackenzie video sent to Rigzone. “Bigger projects are coming, that is inevitable…We see a lot of big LNG projects out there that are competing to be sanctioned [in 2019],” he added. These include multi-billion barrel developments such as Mozambique LNG, Canada LNG, and expansions in Qatar and Papua New Guinea, according to Wood Mackenzie. As previously forecasted by the research and consultancy group, 2017 saw a significant recovery in upstream final investment decisions, with the number of […]