OffshoreLast week, Subsea 7 announced it would cut 3000 of the 12000 jobs it provides worldwide. According to a spokeswoman, its Dutch/German subsidiary Seaway Heavy Lifting will not be affected by these cost-cutting measures.Read more
More than 200 European mid- and small-sized oilfield service companies face insolvency as Covid-19 will hit the market hard and cut purchases by USD 5 billion year-on-year, a new analysis by Rystad Energy shows.
In pre-coronavirus...Read more
