Subsea 7 expects gradual improvements in oil and gas

If the industry can continue its cost adjustment initiatives, and the oil price improvements are sustained, there is reason to believe that the number of offshore projects will rise this year, says offshore and installation carrier Subsea 7.

by SØREN PICO

In spite of a still challenging market for oil and gas activities, offshore and installation carrier Subsea 7 eyes potential market improvements already this year, says the company in its annual report, published Thursday.

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