Tag: Oil & Gas
Struggling O&G co.s losing vital financial lifeline by missing distressed debt payments
Fitch projects $90 billion in 2016 defaults, 3rd highest on record behind 2002 ($110 billion) and 2009 ($119 billion) Distressed debt exchanges (DDEs), a prominent lifeline used by struggling energy companies since last April, may no longer be a viable tool to stem the tide of low oil prices, according to Fitch Ratings. The past three […]
North American pipe coating market to enjoy modest growth until 2020
Current low oil prices a constraint on North American pipe coatings market – study The global pipe coatings market is projected to be $11.63 billionUSD by 2020, registering a compound annual growth rate of 4.5 per cent between 2015 and 2020, according to a new report from Dublin-based Research and Markets. Expansion will be driven by increasing infrastructure development activities […]
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