Subsea 7 blacklisted from African oil country

OPEC member Equatorial Guinea has requested that oil companies terminate contracts with Subsea 7 in the country due to the offshore company's failure to deliver legally required job creation and local company partnerships.

by NIKLAS KRIGSLUND

It appears that Subsea 7 is going to be kicked out of central African country and OPEC member Equatorial Guinea.

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Subsea 7 expects no recovery until 2020
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