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ABB's oil and gas division has just announced new cutbacks following the slowdown in the energy market. Development of products that can also be used for green technologies gives the business an extra leg, head of the division, Borghild Lunde, tells ShippingWatch.
ABB's financial report and bottom line for the fourth quarter and the full-year 2015 reveal the impact of reduced investments in the oil and gas industry.
Swiss-Swedish industry giant ABB has downgraded its long-term growth targets, according to a financial statement for the third quarter. The pressured oil and gas markets have hit ABB this year.
Supplier Kvaerner has been awarded yet another contract to supply a process platform to the Johan Sverdrup field.
Tough times in the oil and gas sector leads the Swedish-Swiss electronics giant ABB to lay off up to 260 employees, reports Norwegian maritime media Sysla.
Stramme tider i særligt olie- og gassektoren får nu den svensk-schweiziske elektronikkæmpe ABB til at varsle afskedigelser af op til 260 ansatte, skriver det norske medie Sysla.
Supplier ABB has placed an order at Norwegian shipyard Kleven for an advanced subsea cable-laying vessel - which will, among other things, replace on board divers with drones.
Norsk værft skal bygge et avanceret kabelskib til subsea-operationer, der blandt andet erstatter dykkere ombord med fjernstyrede droner, til ABB.
When the construction of the Johan Sverdrup field begins in 2019, it will be powered by cable from land. ABB has scored a large contract to manufacture, supply and install the cable.
ABB og Meteogroup har vundet en ordre, som skal udruste 140 containerfartøjer fra danske Maersk Line med teknologi, der sikrer optimerede ruter.
The oil market and the shadow of last year hover above the industrial group's second quarter, which in spite of a significant setback still finished slightly above expectations.
Executive, Operations - BW LPG
Treasury Risk Manager with focus on financial risk management - Group Treasury, Bunker Holding
