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Offshore equipment and services industry: Environment is still "challenging"
Dec 15: The market environment in the offshore oil and gas industry is not improving as yet and the current status is that the atmosphere is "challenging".
8While on a general uptrend, oil prices have not reached an extent that will result in a significant increase in activities in the offshore oil and gas sector.
8The problem is the current negative trend seems to be continuing with negative impact on financial performance.
8The website looks at the problem from the point of view of one large player now struggling to survive.
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