Costs associated with onshore pipeline projects are likely to increase by between four and six percent globally by the end of 2022, according to Rystad Energy. Costs associated with onshore pipeline projects are likely to increase by between four and six percent globally by the end of 2022, against current levels, as prices continue to surge for labor, raw materials and transportation. That’s according to a new Rystad Energy analysis, which highlighted that materials in particular are expected to become two to three percent more expensive in the same period and may approach $1 million per kilometer (0.6 miles) in leading pipeline regions such as the United States. Rystad also outlined that wages for major pipeline construction trades – such as welders, construction equipment operators, electricians, plumbers, construction managers and drivers – have not dropped in the U.S. despite a Covid-19 induced downturn and are expected to increase by […]