Tag: 上海夜网KB

Impairments drag Subsea 7 into the red

first_imgSubsea engineering and construction company Subsea 7 booked a loss in the last quarter of 2019 largely due to a $100 million impairment charge as its revenues dropped compared to the prior-year period.Seven Pacific; Author: Alan JamiesonThe company on Wednesday posted the fourth quarter 2019 revenue of $889 million compared to revenues of $1.023 billion in the same period of 2018.According to the company, fourth-quarter revenue was 13% lower than the prior-year period reflecting lower activity levels in Africa and Renewables and Heavy Lifting.Subsea 7’s net loss in the fourth quarter of 2019 totaled $129 million, compared to a profit of $32 million in 4Q 2018.A goodwill impairment charge of $100 million was recognized in the Renewables and Heavy Lifting business, reflecting near-term weakness in the wind turbine foundations market.Net loss, excluding the goodwill impairment charge, was $29 million. Excluding the goodwill impairment charge, adjusted diluted earnings per share was a loss of $0.12 compared to earnings per share of $0.12 in the same period last year. The reduction from the prior year was driven by impairment charges totaling $70 million mainly relating to two older vessels that are candidates for disposal.The company’s order intake totaled $3.9 billion in the year. Order backlog increased to $5.2 billion at the year-end, with $3.3 billion expected to be executed in 2020.Subsea 7 said that the continued improvement in the deepwater oil and gas markets this year had supported increased tendering activity and a gradual improvement in pricing compared to 2018.While demand for offshore wind turbine services is growing in support of the transition to low carbon energy production, continued competition in the foundations market continues to negatively impact pricing, but this is expected to improve in the longer-term as the market rebalances, the company said.Guidance for full-year 2020 is unchanged with both revenue and Adjusted EBITDA expected to be higher than in 2019, driven by an increase in activity in key markets.Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

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Other Sports Eyeing Tokyo 2020, Indian lifters begin campaign at Asian Weightlifting Championship

first_imghighlights Mirabai is supposedly India’s brightest medal prospect for Tokyo Olympics 2020.  The Women squad has four members for now, which includes Mirabai. India will look to produce a better performance in Olympiocs this time around.  In order to ensure a spot on the podium here, the Commonwealth Games gold medallist will have to significantly better that performance.Thai weightlifter Chayuttra Pramongkhol, who is currently embroiled in a dope scandal, had lifted 209kgs (89+120) in the 49kg category to clinch the gold medal at the World Championship in 2018. The remaining medallists — Hou Zhihui and Jiang Huihua of China — lifted 208kg (93+115) and 206kg (92+11 4) respectively. The bronze medal totals a whopping 14 kgs more than Mirabai’s 192kg at the EGAT Cup.However, the diminutive Manipuri is aware of the competition and is working towards at least breaching her personal best of 196kg here.”Mira’s aim for the Olympics is 210 kgs. In the Asian Championship we aim to go above the 196kg mark,” National coach Vijay Sharma told PTI.Among male lifters, all hopes will be riding on Youth Olympic Games gold medallist teenager Jeremy Lalrinnunga after two-time Commonwealth Games champion Sathish Sivalingam pulled out of the tournament owing to performance issues.”Sathish and RV Rahul haven’t traveled to China. They won’t be participating in the Championship because their performance has not been up to mark,” Sharma said.The 16-year-old from Mizoram has bulked up from 62kg to 67kg to abide by the revised weight categories set by the IWF. Jeremy had won the silver medal in the EGAT Cup lifting 131kg in snatch and 157kg in clean and jerk and would be again eyeing a podium finish.Other Indians participating include Commonwealth silver medallist Vikas Thakur (96 kg) and Asian Youth and Junior Weightlifting Championships bronze medallist Ajay Singh (81kg), who had finished a creditable fifth in the 77kg category at the Asian Games last year.While none of the athletes will be able to qualify for the Olympics from this tournament alone, a good performance at the gold level Olympic qualifying event will bolster their chances of making it to the Tokyo Games next year.”Our aim is to keep improving our total at every event we participate,” Sharma said.The qualification process for the 2020 Olympics is based on the performances of the weightlifters in six events over a period of 18 months, out of which the four best results logged by a lifter will be considered.Every athlete also needs to participate in at least one gold level and either one gold level or one silver level event during the one-and-a-half years’ time-frame.Squad:Men: M Raja (61 kg) , Jeremy Lalrinnunga (67kg), Achinta Sheuli (73 kg),  Ajay Singh (81 kg), Vikas Thakur (96 kg), Pradeep Singh (102 kg) Gurdeep Singh (+101 kg).Women: Mirabai Chanu (49 kg), Jhilli Dalabehera (45 kg), Swati (59kg), Rakhi Halder (64kg). China: Former world champion Mirabai Chanu will look to put the best foot forward to strengthen her chances of Olympic qualification when she spearheads the Indian challenge at the Asian Weightlifting Championship, starting here Saturday. India’s brightest medal prospect, Mirabai, who jumped from 48kg to 49 kg following the International Weightlifting Federation’s (IWF) rejig of weight categories, has made a strong comeback from a lower back injury that kept her out of action for nearly nine months.In February, the 24-year-old lifted 82 kg in snatch and 110 kg in clean and jerk to clinch the gold medal at the EGAT Cup in Thailand, which was the first of the six Olympic qualifying events for Mirabai. For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps.last_img read more

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City of Wellington, Health Care Authority Board to accept sealed bids on 513 East 16th St. lot

first_imgSubmitted to Sumner Newscow — The City of Wellington and the Health Care Authority Board will accept sealed bids on that real property and improvements thereon located at 513 East 16th Street, Wellington on or before 4 p.m. on May 2, 2014.   Any and all bids may be rejected in the City’s sole discretion for any reason, or no reason.The bids are further subject to City and Buyer agreeing on City retaining land for access to Highway 160, and arriving at all other acceptable contractual terms which are anticipated to be customary for sale of business property in this locale.    Any sale will be for cash due in full less any down payment at closing.Bids are to be submitted in writing and sealed to Sumner Regional Medical Center, 1323 North A Street, Wellington, KS  67152, ATTN:  Leonard R. Hernandez.  The bidder, if any, acceptable to the City will be contacted within ten days of the bid deadline for negotiations to attempt to arrive at acceptable binding contractual terms.    If you have questions please contact Leonard R. Hernandez, President and CEO at (620) 326-7451.last_img read more

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