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ABB targets green technologies after new layoffs

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.

Low oil price a hurdle to ABB

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.

European industry giant expects lower growth

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.

Oliekrise udløser op mod 260 fyringer i ABB

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.

ABB orders advanced cable-laying vessel

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.

ABB bestiller avanceret kabellægger

Norsk værft skal bygge et avanceret kabelskib til subsea-operationer, der blandt andet erstatter dykkere ombord med fjernstyrede droner, til ABB.

ABB lands new major order from Johan Sverdrup

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 hit by downturn in the energy sector

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.

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