Category: Uncategorized

Subsea 7 posts higher profit

UK-based subsea engineering, construction and services company Subsea 7 saw an increase in its profit and revenues during the second quarter of this year lifted by renewables and heavy lifting business unit.  Subsea 7 on Wednesday posted a profit of of $146 million for the second quarter 2017, […]

Hess sinks deeper in the red

Independent energy company Hess Corporation recorded a bigger loss for this year’s second quarter compared to the one in the prior-year quarter.  Hess on Wednesday reported a net loss of $449 million for the second quarter of 2017 compared with a net loss of $392 million in the second quarter of […]

Anadarko to curb spending this year

U.S.-based oil and gas company Anadarko Petroleum Corporation narrowed its net loss for the second quarter 2017 and decided to reduce its spending for the year.  For the 2Q 2017, the oil company on Monday reported a net loss attributable to common stockholders of $415 million compared to $692 […]

Increased activity lifts McDermott’s revenues

Houston-based engineering, procurement, construction and installation company McDermott posted higher quarterly profit and revenues boosted by increased activity.  The company in a report on Tuesday posted a net income of $36.4 million for the second quarter of 2017 as opposed to $20.7 million profit for the prior-year second quarter. […]