Page 46: of Maritime Reporter Magazine (April 2015)

OFFSHORE ENERGY “The big international oil companies – the Exxons, Shells, BPS, and national oil companies like Petrobas – are all meeting with their vendors, whoever they are – Schlumberger and Halliburton – and they are asking for a reduction in cost and they aren’t being bashful about it. The most common decrease they are asking for is 30% decrease in your costs asking for rate diminishment.” – Joseph Bennett, Executive Vice President and

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