Kvaerner: The oil industry has hit rock bottom

In the company's first quarter interim report released Monday, Norwegian Kvaerner eyes signs of a shift in the oil industry after a crisis of several years.

BY OLE ANDERSEN, SHIPPINGWATCH

Norwegian yard and offshore group Kvaerner believes that the oil industry has now bottomed out since the oil price plunge in 2014 caused oil companies to stop new projects.

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