Finance News

ICR Integrity (ICR), a leading global provider of integrated maintenance and integrity solutions to the oil and gas, power, chemical and defence industries, has posted its annual results (year ending May 2019) reporting revenue of £31m representing a 12% increase on the prior year. Underlying earnings before interest, taxes and amortization (EBITDA) was £8.8m (FY18 £8.7m) after £1.1m opex investment in global operations.

Fugro is pleased with today’s press release from HC2 Holdings, Inc. (HC2), announcing the sale of Global Marine Group (GMG). Through its ownership of 23.6% in GMG, Fugro will monetize the remainder of its non-core interest in GMG, which is expected to result in proceeds for Fugro of close to USD 40 million.

In terms of revenue, the ballast water treatment systems market is estimated to expand at a CAGR of ~10% during the forecast period, owing to numerous factors regarding which study offers thorough insights and forecasts in the ballast water treatment systems market report.

MacArtney’s 2018/19 financials demonstrate a growing top and bottom line with increased activity in key underwater technology industries. With a continued presence in Oil & Gas, Ocean Science, Defence, Civil Engineering and a renewed strategy for Offshore Renewable Energy, MacArtney are increasing revenue today while supporting the development of tomorrow.

The Arctic continental shelf is estimated to hold vast deposits of hydrocarbons and rare earth minerals. Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic region. Warming temperatures in the Barents Sea and northern coastline of Russia are giving an added impetus to resource development in this region, according to GlobalData, a leading data and analytics company.

Oil production estimated at 1.2 million barrels per day by 2030, Guyana’s total annual oil revenues could approach $30 billion within 10 years, according to fresh research by Rystad Energy.

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and twenty-nine cents ($1.29) per share, an increase of ten cents ($0.10) per share or 8.4 percent. The dividend is payable March 10, 2020, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 18, 2020.

  • Achieved first oil in Guyana, ahead of schedule; resource estimate increases to over 8 billion barrels
  • Grew fourth quarter liquids production by 4 percent over the prior year, driven by Permian Basin
  • Generated $29.7 billion of cash flow from operating activities in 2019; $6.4 billion in fourth quarter
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