Inflation
According to Rystad Energy, an independent energy research and business intelligence company based in Norway, supply chain costs are set to increase for oil and gas projects in the US in the next few years. How much? Rystad says engineering, procurement, construction, and installation (EPCI) will be hit with higher wage and material costs to the tune of a 10% increase by 2023, representing an extra $1.4 billion paid over what companies pay for the same thing today. Ouch.
To view this content, log into your member account. (Not a member? Join Today!)
