August 21, 2018 / 7:19 AM / a month ago

Wood Group says U.S. shale only opportunity for price increases

LONDON, Aug 21 (Reuters) - Wood Group sees an opportunity for price increases only in its U.S. shale oil business, which it sees around six to 12 months ahead of other sectors in oil and gas, it said on Tuesday.

“In (2018) we don’t expect that pricing uplift outside of U.S. shale,” Chief Financial Officer David Kemp told Reuters.

Reporting by Shadia Nasralla and Muvija M, editing by Louise Heavens

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