Business & Finance
TechnipFMC books smaller profit, but sees record inbound orders
TechnipFMC booked a smaller profit in the second quarter of the year despite a 16% increase in revenues when compared to the same period last year.
TechnipFMC Boosts Backlog
TechnipFMC has reported second-quarter 2019 profit of $97 million or 21 cents per diluted share. The services major has seen a 8 percent decrease compared to net profit of $106 million same time last year. The results were affected by after-tax charges and credits totaling $78.6 million of expense,
Equinor posts increase in 2Q net income, cuts Johan Sverdrup costs
Norwegian oil and gas company Equinor recorded an increase in its second quarter 2019 net income while its earnings were down compared to the last year’s quarter.
Boskalis Bags €70 Million Land Reclamation Project in Bahrain
Royal Boskalis Westminster N.V. (Boskalis) today announced a contract award by the Ministry of Works of Bahrain in relation to the North Manama Causeway. The contract carries a value of approximately EUR 70 million. The causeway forms part of the Ministry of Works strategic plan to improve the exist
Port of Workington Dredging Scheme Nears End
A dredging project at the Port of Workington, wholly owned and operated by Cumbria County Council, is nearing its completion. The trailing suction hopper dredger (TSHD) Deo Gloria started the latest Workington dredging campaign on Monday, 8th July 2019. Under the cleanup plan, scheduled to be wrappe
Deutsche Bucht Array Cables Campaign Completed
Dutch offshore contractor Van Oord has completed the final part of inter-array cables installation campaign at Northland’s German offshore wind project, Deutsche Bucht. According to Northland Power, the second phase of the cable installation, cable burial and testing of over 40 kilometers of cable h
Another LNG-Fueled Smart Ship Joins Baleària
Spanish ferry company Baleària has welcomed to its fleet Marie Curie, a new smart ship with LNG engines.
Monaco Land Extension Project Reaches Milestone, Caissons Belt Completed
Just one year after the arrival of the first caisson, the Monaco Land Extension Project reached another amazing milestone last week – the 17th caisson was successfully immersed, completing the ‘belt’ that will form a new coastline in Monaco. The structure, erected during the last 12 months, is 500 m
Baker Hughes Names New Vice President of Investor Relations
Baker Hughes, a GE company has appointed Jud Bailey as vice president of Investor Relations, effective August 2019. In this role, Jud will serve as the principal contact for BHGE’s investors and will be responsible for communicating the company’s value proposition to its shareholders and the broader
Stena Bulk Denies Claims of Stena Impero’s Involvement in Collision
Stena Bulk has denied reports about a collision involving Stena Impero, the UK-flagged tanker seized by Iran.
Improvements in vessel dayrates bring Polarcus back to profit
Seismic services player Polarcus returned to profit in the second quarter of 2019 from a loss in the corresponding period of 2018 on the back of higher revenues driven by improvement in vessel dayrates. The seismic company said on Wednesday it had recorded a profit of $0.6 million in the second quar
Next Phase of Leeds Flood Alleviation Scheme
Survey works are starting at a listed bridge in Bradford, to create a detailed design to reduce flood risk in the area for the Leeds Flood Alleviation Scheme, informs the Environment Agency. The work is being carried out by contractors BMMjv at Apperley Bridge and is expected to last 4 weeks. The su
Scorpio Bulkers Sees Second Quarter Profit Boost
Scorpio Bulkers wrapped up the second quarter of this year with a significantly increased net income.
IOG eyes August spud date for Harvey, inks Thames reception facilities deal
Independent Oil and Gas (IOG) expects to start drilling its Harvey appraisal well in the UK North Sea at the beginning of August 2019.