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14 May
09:14

Vallourec forecasts tough 2020

French pipemaker Vallourec forecasts 2020 activity and results to be significantly impacted by the Covid-19 crisis and associated drop in oil price and exploration and production (E&P) capital expenditure. This is despite strong cost savings measures, Kallanish learns from Vallourec’s first-quarter financial report. In comparison with Q1, the following quarter should see a severe deterioration of results in North America and to a much lesser degree in In…
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