SOUTH AMERICA

Uncertainty increasing: Subsea 7

OILFIELD services giant Subsea 7 has warned declining crude oil prices were causing increased uncertainty in the timing of some project awards, despite reporting a strong third-quarter financial performance.

Uncertainty increasing: Subsea 7

The company said uncertainty persisted over the timing of market awards for most large subsea umbilicals, risers and flowlines (SURF) projects. "This trend was particularly evident in the third quarter...

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