Operators celebrate first major deepwater project sanctioned since the early-2020 oil crash. Greg Leveille said he is optimistic that the shale sector will be able to bounce back from its second downturn in 5 years. The trick this time, he says, will be not just investing in new digital technologies but putting them to work. Phase 1 is expected to be operational in 2024. Leaders of Rystad Energy went online recently to talk about the effects of the coronavirus pandemic on the oil and gas industry, and the prognosis isn’t good.