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Pressure on profits forces oil majors to the banks

The world's major energy companies, such as Dutch Shell, are forced to either divest assets or go to the bank, as their profits from regular operations are under pressure, according to several media.

The first half of 2014 could have been better for the world's major oil and gas companies. Declining profits have forced many of the companies to slow down their investment programs, and this has in turn hurt the subcontractors.

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