Quotes from the news wire:
They (Technip and Saipem) are very different businesses. Saipem is an asset rental business and Technip is more a service and consultancy business, saipem is aspiring to very large projects while, as Technip pointed out this morning, no-one wants to do big projects.
Found on Reuters 8 years ago
What will definitely not recover anytime soon is pure-play asset companies, those where margins are more or less directly linked to asset rates, or those where capacity is incredibly difficult to actually take out – like Seadrill (SDRL.OL), Transocean [RIGTN.UL], Vallourec (VLLP.PA), Fugro (FUGRc.AS), Subsea 7, or Saipem.
Found on Reuters 8 years ago
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