Slow recovery in oil and gas sector makes life sluggish for Northbridge
The slow rate of improvement in the critical oil and gas sector is continuing to make life difficult for industrial services and rental company, Northbridge.
In a trading statement in advance of its interim results announcement, the group said that while sentiment in the oil and gas market had maintained its gradual improvement since 2016, the pace of recovery remains slow, investment in exploration and production still lagged and, despite reductions in supply, surplus oil stocks were at a high level.
"As a result, we have only ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
