The oil price was near its lowest in more than a decade, cash reserves were being depleted, emerging markets were in turmoil and Saudi Arabia was beginning to panic.
Royal IHC has successfully named and launched the pipelaying vessel, SAPURA RUBI, in a ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands.
Legislation to repeal a 40-year ban on most domestic oil exports will probably become law in the first quarter of next year, according to analysts at Evercore ISI.
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