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More pain before real gain

AMEC Foster Wheeler, which has done major work for the Wheatstone and Ichthys megaprojects, believes things will get worse before they get better in the oil patch, while Baker Hughes says oil needs to stabilise in the mid-to-high $US50s for investment to accelerate.

More pain before real gain

AFW decided not to pay out a dividend as it awaits its shareholders' vote on its takeover by Wood Group in June. Yesterday the company revealed a £542 million ($A923 million) pre-tax loss, up from...

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