Helix Energy Solutions has reported net income of $16.8 million, or $0.11 per diluted share, for the second quarter of 2019 compared to $17.8 million of $0.12 for the same period in 2018. Quarterly revenues fell from $205 million in Q2 2018 at $202 million. Net income for the six months ended June 3
Europe added 1.9GW of new offshore wind capacity in the first half of 2019, up from the 1.1GW installed in the same period last year, according to WindEurope. Countries that contributed to the new installations are the UK with 931MW, including Ørsted’s Hornsea Project One offshore wind farm, Denmark
Italian oilfield services player Saipem has reported first-half 2019 profit of €14 million on revenues of €4.5 billion. This result compares to net loss of €323 million on revenues of €3.8 billion for prior-year comparable period. Adjusted result was net profit of €60 million, against €6 million in
Vladimir Rusanov, an icebreaking LNG carrier, has completed the Northern Sea Route passage via the eastern direction.
The Buffalo Reef Task Force has scheduled a meeting in Lake Linden later this month to discuss with the public three alternatives tentatively selected for further analysis in the fight to save this important natural reef off the Keweenaw Peninsula. The meeting will take place on July 31 at the Lake
Katerra, an international construction company, in cooperation with the Government of Tamil Nadu, has officially kicked of the Jet Lake dredging project in Veppanapalli Panchayat Union. This dredging program is part of a Government of Tamil Nadu initiative undertaken to address the ongoing acute wat
Oceaneering has reported a net loss of $35 million, or 36 cents per share, for the three months ended June 30, 2019. The result compares with net loss of $33 million same time last year. During the prior quarter ended March 31, 2019, Oceaneering reported a net loss of $25 million, or 25 cents per [&
Total has said it plans to sell about $5 billion worth of assets, mostly from its Exploration & Production business.
EnBW reported an operating result of EUR 204.9 million in the Renewable Energies division in the first half of 2019, a 24.3% rise on the previous year. According to EnBW, the increase in adjusted EBITDA is mainly due to the overall improvement in wind conditions at offshore and onshore wind farms in
EnBW reported an operating result of EUR 204.9 million in the Renewable Energies division in the first half of 2019, a 24.3% rise on the previous year. According to EnBW, the increase in adjusted EBITDA is mainly due to the overall improvement in wind conditions at offshore and onshore wind farms in
When a damaged gear box on a large clamshell dredge needed repair, WB Equipment used the SPX FLOW Power Team Motion Controller System (MCS) to provide the necessary accuracy for this heavy, multi-point, synchronized lift. Weighing 1179 tons and with a 60-yard environmental bucket, the clamshell dred
Engineering and construction specialist Subsea 7 has seen its profit cut in the quarter ended June 30, 2019 as activity drop continues in renewables and heavy lift business units. The Oslo-listed firm posted quarterly profit of $24 million, or $9 cents per diluted share, on revenue of $958 million,
The project is expected to commence later this year, with commercial ops planned for H1 2022.
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.
