UK maintenance spending to reach lowest on record, Norway’s to hit 18-year low in 2020
UK maintenance spending to reach lowest on record, Norway’s to hit 18-year low in 2020
Western Europe’s maintenance, modification and operations (MMO) market will likely take a major hit in 2020 a Rystad Energy impact analysis has revealed, thanks to severe spending cuts and Covid-19 transportation restrictions. Spending in Norway is expected to fall to $3.4 billion this year – an 18-year low – while UK spending is on track to fall to $2.9 billion, the lowest...