18467 results
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Business & Finance, Project & Tenders
Speaking to investors today, new Shell CEO Ben van Beurden updated on the company’s priorities: improving Shell’s financial results and achieving better capital efficiency, as well as continuing to strengthen operational performance and project delivery. Ben Van Beurden, who became the new CEO of Royal Dutch Shell plc on 1 January 2014, said Shell’s strategy […]
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Fugro is carrying out cost reduction measures to reduce the impact of the COVID-19 pandemic and the low oil price environment, including minimising the hire of short-term charters, implementing a hiring and salary freeze and workforce reduction. The company has also withdrawn its guidance for 2020, saying it is impossible to forecast the magnitude and […]
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Houston-based offshore services and robotics specialist Helix Energy Solutions has reported net loss of $11.9 million, or 9 cents per diluted share, for the first quarter of 2020 compared to $1.3 million profit for the same period in 2019. Sequentially, profit fell from $8.1 million of 5 cents per diluted share. The Q1 2020 results […]
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Oslo-listed Stolt-Nielsen Limited has issued a guarded outlook for Stolt Tankers despite improved operating results in the first six months of 2016, saying that the division might be facing delays and cancellations of newbuildings. The company reported its net profit at USD 37.8 million for the second quarter ended May 31, 2016, up from a net profit of […]
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Airborne Oil & Gas, a provider of Thermoplastic Composite Pipe (TCP), has promoted William de la Motte to chief financial officer (CFO) following six months as interim finance director. William de la Motte started his career at Dutch trading company Ceteco in the Americas, where he stayed for 13 years and progressed to finance director. […]
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Business & Finance, Equipment
Baker Hughes has reported profit of $48 million or 7 cents per share on GAAP basis for the quarter ended December 31, 2019. The result compares with $131 million profit in Q4 2018, and $57 million profit sequentially. Adjusted net income (non-GAAP) attributable to Baker Hughes was $179 million, up 49% from same time last […]
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McDermott said it has been granted access to the second tranche of the $1.7 billion superpriority senior secured credit facility announced on October 21, 2019. The new tranche (Tranche B) provides McDermott with a $250 million term loan facility and a $100 million letter of credit facility. The company expects to utilize the amounts available […]
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China Merchants Holdings (International) Company Limited, the country’s largest port operator, reported HKD 2.78 billion (USD 359m) net profit for the period ended June 30, 2015, an increase of 29.4% over the same period last year, due to increased container throughput in China, and a double-digit rise in number of containers handled at the company’s overseas terminals. […]
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Greek owner and operator of dry bulk and container ships Euroseas Ltd. reported USD 3.3 million net loss attributable to shareholders for the quarter ended June 30, as compared to net loss of USD 5.4 million for the second quarter of 2014. The company reported total net revenues of USD 9.4 million, a 2.8% decrease over total net […]
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Hong Kong-based container terminal operator Cosco Pacific Limited, part of Cosco Group, saw a 5% dip in revenue from its terminals business for the first six months of 2015, mainly attributed to the depreciation of the Euro which led to a decrease in revenue from Piraeus Terminal in Greece. The performance of Piraeus Terminal in the first half of […]
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Shipbuilding and dry bulk shipping company Cosco Corporation (Singapore) Limited expects to record net loss in the quarter ended September 30, 2015, as compared to a profit recorded in the corresponding period of the previous financial year. Cosco says that the loss is expected mainly due to the continuing depressed state of crude oil prices, which has had […]
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Engineering group Sandvik has completed the divestment of Sandvik Drilling and Completions (Varel) to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments. Sandvik will remain a minority owner of 30% of the company and hold a position on the board. The contribution to Sandvik’s earnings per share […]
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Hong Kong-listed dry bulk and container shipping company and terminal operator China Cosco Holdings Company Limited recorded CNY 1.7 billion (USD 267.5m) net loss in the third quarter of 2015, as compared to CNY 1.62bn profit reported in 3Q2014, driven largely by falling container freight rates and a weak dry bulk market. The company’s revenue fell 19% to CNY […]
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Hong Kong-listed dry bulk and container shipping company and terminal operator China Cosco Holdings Company Limited recorded CNY 1.7 billion (USD 267.5m) net loss in the third quarter of 2015, as compared to CNY 1.62bn profit reported in 3Q2014, driven largely by falling container freight rates and a weak dry bulk market. The company’s revenue fell 19% to CNY […]
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China Merchants Holdings (International) Company Limited, the country’s largest port operator, reported HKD 2.78 billion (USD 359m) net profit for the period ended June 30, 2015, an increase of 29.4% over the same period last year, due to increased container throughput in China, and a double-digit rise in number of containers handled at the company’s overseas terminals. […]
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Hong Kong-based container terminal operator Cosco Pacific Limited, part of Cosco Group, saw a 5% dip in revenue from its terminals business for the first six months of 2015, mainly attributed to the depreciation of the Euro which led to a decrease in revenue from Piraeus Terminal in Greece. The performance of Piraeus Terminal in the first half of […]
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Shipbuilding and dry bulk shipping company Cosco Corporation (Singapore) Limited expects to record net loss in the quarter ended September 30, 2015, as compared to a profit recorded in the corresponding period of the previous financial year. Cosco says that the loss is expected mainly due to the continuing depressed state of crude oil prices, which has had […]
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Business & Finance, Operations & Maintenance
Norwegian contractor Reach Subsea has widened its quarterly loss as utilization of assets fell against prior-year comparable period. For the fourth quarter 2019, Reach booked loss of close to NOK 25 million on revenues of NOK 107 million, versus loss of NOK 6 million, on revenues of NOK 190 million in the year-ago quarter. To […]
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Marine seismic player Polarcus has cut its deficit in 2019 as improved market boosted the company’s revenues by 44 percent against 2018. The Oslo-listed company reported loss for the 2019 of $10 million, on revenues of $290.6 million, versus loss of close to $32 million and revenues of $202.2 million in 2018. Polarcus’ EBITDA more […]
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Trelleborg Group has appointed Fredrik Nilsson as new chief financial officer. He will assume the position during the first quarter of 2021. Nilsson will succeed Ulf Berghult, who has decided to leave his position to take up work outside the group. Ulf will complete the 2020 year-end report before leaving Trelleborg for his new assignment. […]
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Miami-based cruise company Carnival Corporation & plc has reported non-GAAP net income of USD 193 million for the second quarter of 2015, improving its quarterly earnings by more than double compared to non-GAAP net income for the second quarter of 2014 of USD 73 million. For the second quarter of 2015, US GAAP net income, which included unrealized […]
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Greek owner and operator of dry bulk and container ships Euroseas Ltd. reported USD 3.3 million net loss attributable to shareholders for the quarter ended June 30, as compared to net loss of USD 5.4 million for the second quarter of 2014. The company reported total net revenues of USD 9.4 million, a 2.8% decrease over total net […]
