Offshore Activity

SBM Offshore: Industry witnessing recovery

Dutch FPSO specialist SBM Offshore has raised the expected revenue forecast for the full year 2017 on the back of the gradual recovery seen in the oil and gas industry.

“As expected, the industry is witnessing a gradual recovery. Although significant decreases in project break-even prices are making deep water more competitive, our clients remain cash constrained and selective in making investment decisions,” SBM said.

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Categories: Offshore Activity

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