CB&I said it made a net profit of $169.5 million, or $1.55 million per diluted share, during the April through June period, which was up from $142.4 million during the same time last year when the company was struggling more financially. The total revenues were down slightly at $3.2 billion from $3.3 billion last year.
In testimony Thursday before the Western Hemisphere subcommittee of House Committee on Foreign affairs, a panel of four experts on Mexico’s energy reform unequivocally called Mexico’s first tender a disappointment.
Sen. John Cornyn of Texas said the fall legislative session will likely be bogged down with spending and debt ceiling debates, but there are legislative efforts in the works to expand natural gas exports and lift a ban on shipping crude oil overseas.
(source: Wikipedia) To be honest, I had not heard of the phrase ‘Jumping The Shark‘ until recently (I’m not talking about surfer Mick Fanning either). It’s not like I didn’t watch ‘Happy Days’ when I was growing up, I just don’t remember that episode. For those unaware, ‘Jumping The Shark‘ is a term used to […]
The burgeoning use of robots is one more reason there probably won’t be a quick jobs rebound in Canada’s energy industry as it grapples with cheap crude, tougher environmental controls, higher taxes and elevated costs.
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