full year results 2019

North Sea

Serica Energy hails ‘extremely good year’ as pre-tax profits nearly triple

23/04/2020

By Allister Thomas

Serica Energy has hailed “exceptional” results after nearly tripling its pre-tax profits in its first full year of operatorship for its Bruce, Keith and Rhum (BKR) assets in the North Sea.

Oil & Gas

Uncertainty for 50 Aberdeen jobs as Weir Group prepares exit from oil and gas

27/02/2020

By Allister Thomas

Weir Group has announced it is preparing to exit its struggling oil and gas business, bringing uncertainty for 50 Aberdeen jobs.

Oil & Gas

Saipem ‘beats all targets’ for 2019 as it swings back to profit

26/02/2020

By Allister Thomas

Saipem has said it has “beat all targets” for 2019 after swinging back to a profit, slashing debt and achieving a record order backlog.

Renewables/Energy Transition

‘Weaknesses’ in renewables market sink Subsea 7 to a loss

26/02/2020

By Allister Thomas

Subsea 7 has sank to a loss due to ‘weaknesses’ and reduced activity in the renewables and heavy lift markets.

Oil & Gas

Fugro sinks deeper into the red

20/02/2020

By Allister Thomas

Losses from an arbitration case in Singapore and impairments from a seismic data business saw Dutch marine firm Fugro sink to a heavy set of losses last year.