Fugro released their 2015 Fiscal Year results, and the headline is ‘Strong cash flow in continuing challenging oil and gas market’. The Dutch company’s biggest market sector is oil and gas, and they are forecasting continued challenges this year with over-supply. The numbers show a drop in revenue of 17 percent from 2014 to 2015. Among the ways they managed the downturn is to sell or lease back two of their geotechnical drilling vessels, but they are also focusing on growing other market sectors and opportunities in all geographic regions. [Source: Read the rest of the Fugro press release. Image: Fugro]
