Gorgon ramp up as deep as capex cliff will get?
Has the capex cliff just passed its deepest quarterly point? From UBS: Construction work -3.7% q/q…as -9% engineering dominates 1% building gain Q2 real construction work done (private & public) was weaker than expected, for the 2nd consecutive quarter, dropping 3.7% q/q (UBS: -1.2%, mkt: -2.0%).