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Maersk and Dong pressure subcontractors on price

Maersk Oil and Dong Energy are demanding suppliers lower prices by 20-30 percent. Absurd and not serious, say some sources.

Photo: Maersk Oil

'Cost Reduction' has long been a fashionable word within the energy industry. Translated to reality, however, this means that when the major oil companies feel squeezed by the low oil price, they demand cheaper prices from suppliers, who in turn demand the same from their suppliers, passing the burden down through the supply chain.

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