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Worthington Industries' oil and gas business misses expectations for 2Q

2014-12-18 21:23:23| Steel - Topix.net

An oil and gas business at Worthington Industries Inc. did not meet expectations for the last quarter, but the company sees the problems as short-term, even as the industry continues to grapple with low prices. The Columbus company said its oil and gas equipment operation needs attention after suffering a product miss and high manufacturing costs, but the issues there and at a unrelated manufacturing facility are "controllable and temporary," CFO Andy Rose told analysts on the company's second-quarter 2015 earnings call.

Tags: for business gas oil

 

Technip wins onshore oil and gas terminal project in India

2014-12-18 01:00:00| Hydrocarbons Technology

Technip has secured a contract worth about 100m from Oil and Natural Gas Corporation Limited (ONGC) to construct an onshore terminal at Odalarevu in Andhra Pradesh, India.

Tags: project india gas oil

 
 

GE executives: Oil & Gas business is doing OK despite falling crude prices

2014-12-17 23:53:23| Oil & Gas - Topix.net

Although almost a quarter of GE's industrial revenue is tied to the oil and gas industry, the company says it isn't concerned about the impact of plummeting crude prices. "We like this space," CEO Jeffrey Immelt told investors on a conference call on Tuesday.

Tags: business prices ok gas

 

C.H. Robinson Transforms Oil and Gas Supply Chains

2014-12-17 23:50:24| Logistics - Topix.net

To capitalize on the rapid demand in the oil and gas industry, C.H. Robinson has created Oil and Gas Solutions as a way to change how the industry views the global supply chain. To accomplish this, C.H. Robinson has positioned Kent Stuart, director of business development and a 25-year C.H. Robinson veteran, to drive C.H. Robinson's vertical focus.

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Tuesday Sector Leaders: Oil & Gas Exploration & Production, Oil & Gas Refining & Marketing Stocks

2014-12-17 13:30:27| Oil & Gas - Topix.net

In trading on Tuesday, oil & gas exploration & production shares were relative leaders, up on the day by about 5.2%. Leading the group were shares of Talisman Energy , up about 47.7% and shares of Swift Energy up about 20.5% on the day.

Tags: marketing production tuesday gas

 

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