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Oil price at US$80 may be the grease for an O&M recovery

The general consensus is that oil will hold above US$70 in the coming months, which will provide a comfortable threshold for oil majors to expand their offshore capital expenditure.


THE rise in Brent Oil to above US$80 a barrel since late September has fanned expectations that the beleaguered offshore and marine (O&M) sector is seeing light at the end of the tunnel.

But the rising tide will not lift all boats and investors should look to several...

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