Search results for: Slump

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  • 12 September 2014

    The IEA Oil Market Report (OMR) for September trimmed global oil demand growth for 2014 and 2015 to 0.9 million barrels per day (mb/d) and 1.2 mb/d, respectively, because of a pronounced slowdown in demand growth in the second quarter of this year, and a weaker outlook for Europe and China. Demand in 2015 is […]

  • 25 February 2016
    Business & Finance, Operations & Maintenance

    Siem Offshore has seen red again as impairments and the challenging OSV market sank the company into a quarterly loss. The Oslo-listed company recognised net loss of $116 million compared to net profit of $15.5 million in the year-ago quarter. The net loss attributable to shareholders was $108.3 million. In addition, for the full year […]

  • 20 August 2015
    Business & Finance, Operations & Maintenance

    Norway’s Farstad Shipping has seen red in the second quarter of 2015 as impairments and currency losses drove the company into a loss. Namely, Farstad’s profit after taxes (PAT) was negative NOK 119.5 million, versus positive PAT of NOK 46.7 million a year earlier. Furthermore, first-half (1H 2015) profit after taxes was negative NOK 423.8 million, […]

  • 8 January 2015

    Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World Bank Group analysis of the oil price decline, contained in the latest edition of Global Economic Prospects. The decline in oil prices reflects a confluence of factors, including several years of upward surprises in oil […]

  • 20 May 2015
    Business & Finance

    Siem Offshore has seen its profits sink into the red for the first quarter 2015 on currency exchange losses. The Oslo-listed company recorded net loss of $25.5 million compared to net profit of $17.7 million in the year-earlier period. The net loss attributable to shareholders was $25.6 million. Namely, Siem booked currency exchange losses of $36.1 million […]

  • 11 February 2016
    Business & Finance, Equipment, Operations & Maintenance

    Norway’s Electromagnetic Geoservices (EMGS) has plunged into the red in the fourth quarter of 2015 on weak market and restructuring charges related to the company’s cost reduction program. The Oslo-listed company posted net loss of USD 24.1 million, compared to net income of USD 13.1 million in the same period of 2014. EMGS has eneded […]

  • 2 February 2012

    West Sacramento levees are no longer sinking as the U.S. Army Corps of Engineers Sacramento District wraps up repairs on nearly a mile of levees near the Yolo Bypass. The repairs are part of the Corps’ West Sacramento Project, a joint effort with the West Sacramento Area Flood Control Agency and the Central Valley Flood […]

  • 9 January 2015

    Inpex president and CEO Toshiaki Kitamura said the company has full confidence in the profitability of the project.

  • 22 December 2014

    WoodMackenzie believes that the drop in oil prices will affect the Asian LNG in many ways.

  • 29 May 2015
    Business & Finance, Operations & Maintenance

    Norwegian contractor, Reach Subsea, has plunged to a loss in the first quarter 2015 as its results were hit by weak market and low vessel utilisation. The Oslo-listed company booked a net loss of NOK 9.2 million ($1.2 million) for the period, compared to profit of NOK 3.8 million (approx. $0.5 million) in the first quarter 2014. This result was […]

  • 12 September 2011

    Dredging Corporation of India’s turnover has suffered a slump of more than Rs 100 crore during 2010-11 and it is attributed to… (thehindubusinessline) [mappress] Source: thehindubusinessline, September 12, 2011

  • 7 April 2005

    Kandla Port Trust, the country

  • 16 September 2015

    Listed oil and gas companies active in the Cooper Basin have lost an average 70% of market value since the oil price rout of the past year.

  • 13 May 2010

    EVIDENCE that dredging is needed to deal with side-wall slumping in a marina channel is throwing up new questions about dumping sediment… [mappress] Source: times, May 13, 2010;

  • 22 July 2005

    The cost of shipping commodities such as coal and iron ore slumped to the lowest in more than two years as the world fleet of vessels expanded and as China ended its decade-old fixed exchange rate to the dollar.

  • 21 February 2019

    Teekay LNG Partners, one of the world’s largest owners of LNG carriers, reported a significant cut in net profit during the fourth quarter and full-year 2018. 

  • 6 May 2010

    Talisman Energy in the North Sea said its UK production slumped by a fifth or 20% in the first quarter this year falling to 86,000 boe/d compared with the first quarter last year and down 7% compared with the fourth quarter last year.

  • 27 May 2010

    The Algerian liquefied natural gas sales recorded a marked slump in 2009 down to 54.5 billion cubic meters owing to the fierce competition c… [mappress] Source: echoroukonline, May 27, 2010;

  • 26 February 2019
    Business & Finance, Operations & Maintenance

    Houston-based McDermott has reported quarterly loss of $2.8 billion, or $15.33 per diluted share, compared to $26 million, or $0.27 per diluted share in the fourth quarter of 2017. Adjusted net loss for the fourth quarter was $280 million, with adjusted diluted earnings per share of $1.55. Excluding project-related charges, Mcdermott booked a $2.2 billion […]

  • 15 September 2015
    Business & Finance, Operations & Maintenance

    Malaysia’s SapuraKencana Petroleum has seen its profits slashed almost 77% in the second quarter ended July 31, 2015, on high impairments, despite a 4% revenue growth. The company generated revenue of approximately $651.5 million, or 2.8 billion ringgit, up from $627 million, or 2.69 billion ringgit from the year-ago quarter. Net profit for the quarter […]

  • 18 July 2014

    Oil and gas firms may be adopting a “wait and see” approach before making further investment decisions in the North Sea, according to a new report from business advisory firm Deloitte.   The report, which details drilling, licensing and deal activity across North West Europe over the second quarter of 2014 and was compiled by […]

  • 12 February 2015
    Business & Finance

    The world’s largest shipbuilder Hyundai Heavy Industries (HHI) recorded a loss of USD 2 billion (KRW 2.21 trn) in 2014 as opposed to KRW 146.3 billion profit in 2013. The South Korean shipbuilder’s full year revenue dropped 3% year-on-year totaling in KRW 52.58 trn. The full year figures were in line with expectations as HHI continued its […]