KCA DEUTAG LOSS $144.4 MLN
KCA Deutag Alpha Limited
This has been an extremely challenging year for the oil and gas industry following the significant and prolonged falls in energy prices which started in mid- 2014. As a result of this, the industry has experienced significant reductions in new capital expenditure as well as pressures to reduce operating expenditure as projects have become marginal or even loss making as prices have declined.
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