TechnipFMC loss deepens as revenue picks up

first_imgLNG engineer TechnipFMC saw its 2019 profit drop further into the red reporting a net loss of $2.4 billion, impacted by a $2.7 billion after-tax charge and credits. The company’s revenue jumped 6.8 percent from $12.5 billion in 2018 to $13.4 billion in 2019, TechnipFMC said in its report.Commenting on the year, TechnipFMC chairman and CEO, Doug Pferdehirt, said, “We achieved an unprecedented level of inbound in 2019, including over 50 percent order growth in Subsea. With this success, our backlog now stands at $24 billion, an increase of 67 percent versus 2018. Backlog grew across all segments, with Onshore/Offshore increasing almost 90 percent when compared to the prior year.”He said that the company reported an 80 percent rise in Onshore/Offshore inbound orders when compared to 2018, driven by more than $8 billion in LNG awards.Onshore/Offshore reported fourth-quarter revenue of $1.83 billion. Revenue increased 9.6 percent from the prior-year quarter, primarily driven by higher activity in Europe, Asia and North America as well as in its Process Technology business.Lower activity on Yamal LNG driven by continued progress towards project completion was partially offset by the ramp-up of Arctic LNG 2.Speaking of the future Pferdehirt added that the Onshore/Offshore business is expected to benefit from additional LNG projects that will be sanctioned in the near-to-intermediate-term despite current weakness in the commodity price.“The growth outlook for long-term demand requires this additional capacity,” he said.last_img read more

Cricket News Jasprit Bumrah Will Be Indebted To Virat Kohli For The Hat-Trick: Harbhajan Singh

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. Harbhajan Singh was the first Indian bowler to take a Test hat-trick.Jasprit Bumrah got the wickets of Darren Bravo, Shamarh Brooks and Roston Chase.Hanuma Vihari scored his maiden century. New Delhi: Jasprit Bumrah created history on Saturday when he became the third Indian bowler after Harbhajan Singh and Irfan Pathan to take a hat-trick in Tests. Habrhajan had become the first Indian when he achieved the feat against Australia in Eden Gardens in 2001 while Irfan took the hat-trick in the first over of the Karachi Test against Pakistan in 2006. However, Bumrah almost did not get the hat-trick in Jamaica and it needed Virat Kohli’s help to achieve the feat. After getting rid of Darren Bravo and Shamarh Brooks, Bumrah rapped the pads of Roston Chase with a sharp inswinger and India appealed for an LBW. However, the umpire did not give it out and Virat Kohli took a review. Replays showed the ball was hitting leg stump and Bumrah had gotten the hat-trick.Speaking about Bumrah’s feat, Harbhajan Singh, who took the first hat-trick has said Bumrah will be indebted to Kohli in the same way like he was to Sadagoppan Ramesh during the Kolkata Test. Harbhajan trapped Ricky Ponting and Adam Gilchrist LBW and he got the hat-trick when Shane Warne flicked a quicker ball to short leg and Ramesh took the catch.”This hat-trick belongs to Virat as much as it belongs to Bumrah. The bowler wasn’t convinced but the skipper had a gut feeling. What if Virat wouldn’t have gone for that DRS? It was a brilliant call by the skipper which complemented his magnificent effort,” Harbhajan said.The offspinner, who has taken over 400 wickets in Tests, opened up about the hat-trick. Also Read | England series gave me confidence to bowl outswingers: Jasprit Bumrah”I remember that I discussed with Dada (Sourav Ganguly) and we decided to keep it on stumps and try for a third leg before but Warne flicked it. Now to be honest, Ramesh wasn’t the most athletic of the guys in that team. Yet at forward short-leg, he pulled off that stunner with a less than split second reaction time. Whenever I have later met Ramesh, I told him, ‘buddy my hat-trick belongs to you’. That’s why I believe that some things happen that come together and such a beautiful thing happens. It was Ramesh’s brilliance then and it’s Virat’s conviction now. I have never seen Rahul so excited, jumping with joy. Perhaps, he also didn’t believe Ramesh can pull off such a catch,” Harbhajan said.Also Read | Jasprit Bumrah becomes second-fastest Indian to 100 ODI wickets in World Cup clash vs Sri LankaHarbhajan, who has not played a Test for India since 2013, has said Bumrah’s exploits make him a blessing for the Indian cricket team. “Indian cricket is blessed to have a match winner like Bumrah. This hat-trick will only help his legend grow but even without that he is an incredible performer. I mean 5 wickets in 7 overs in last game and 6 wickets in 9 overs in this game. You can’t ask for more. He is a rare diamond. Look at Bumrah’s deliveries. The length and how it was tailing in. That’s pure skills,” Harbhajan said.center_img highlightslast_img read more

NHL trade news 2019: Blackhawks acquire Andrew Shaw from Canadiens for draft picks

first_imgAndrew Shaw is back with the Chicago Blackhawks.The Montreal Canadiens agreed to send Shaw and their seventh-round draft pick in 2021 to the Blackhawks in exchange for Chicago’s second and seventh-round picks in 2020 and their third-rounder in 2021. NHL free agency rumors: Oilers among teams targeting Corey PerryThe Blackhawks drafted Shaw with the 139th pick of 2011 draft, and he won two Stanley Cups with Chicago in 2013 and 2015. After five seasons in Chicago, he was dealt to Montreal in the 2016 offseason, where he then signed a six-year contract with an AAV of $3.9 million.The right winger, known for his physical style of play, notched a career-high 47 points (19-28–47) in just 63 games last season with a plus-17 rating. He has 233 points in 504 games over the course of his eight-year NHL career, which also includes 70 goals, 137 points and 300 penalty minutes in 322 appearances with Chicago.last_img read more