OIL PRICES: CHANCELLED PROJECTS
Belt-tightening by big energy majors faced with plunging oil prices is battering the finances and share prices of their suppliers, as investors reassess the sector's ability to keep gushing cash.
A growing list of delayed or cancelled projects, seen by some investors as a healthy move by majors to rein in capital spend after a poor history of returns is working its way through corporate earnings; it has already pummelled the share price of some European suppliers seen as financially fragile.
Fugro, once seen as a blue-chip on Amsterdam's benchmark index, has had more than 30 percent of its stock-market value…
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