Lamprell warns of going concern doubts as loss widens
13th May 2020 10:14
(Sharecast News) - Lamprell warned there were material doubts about its position as a going concern as the oil rig builder's annual loss more than doubled.
Read moreLamprell secures $350m drilling rig contract
20th Jan 2020 10:54
(Sharecast News) - Oil rig manufacturer Lamprell has been formally awarded a $350m (£269.50m) contract to make and deliver two jack-up drilling units with International Maritime Industries (IMI).
Read moreLamprell sees 2019 revenue at bottom end of guidance
16th Jan 2020 12:41
(Sharecast News) - Lamprell cautioned on Thursday that 2019 revenue was set to be at the bottom end of its guidance range, with major project flow in the oil and gas segment still slow.
Read moreCanaccord anticipates more favourable winds for Lamprell
26th Sep 2019 15:49
(Sharecast News) - Analysts at Canaccord Genuity lowered their price target on oil rig construction business Lamprell from 105p to 90p on Thursday, noting that the UAE-based firm's first-half results were "little to write home about", but sounded a very upbeat note on the outlook for the firm's Saudi Long-Term Agreements and for offshore wind.
Read moreLamprell interim losses widen as revenue drops
19th Sep 2019 11:45
(Sharecast News) - Lamprell posted a widening of its first-half losses on Thursday as revenue fell and the oilfield services company said it was focused on oil and gas opportunities in the Middle East and Europe.
Read moreLamprell narrows loss as it seeks to return to growth
21st Mar 2019 10:52
(Sharecast News) - Oil rig construction company Lamprell reported a net loss of $70.7m in its results for the year ended 31 December on Thursday, as a result of lower revenues and a loss from the East Anglia One project.
Read moreFriday broker round-up
1st Feb 2019 13:19
(Sharecast News) - Stock Spirits: JP Morgan downgrades to neutral with a target price of 230p.
Read moreLamprell secures new Saudi contract
27th Dec 2018 10:32
(Sharecast News) - Lamprell said on Thursday that International Maritime Industries Company (IMI), the Saudi maritime joint venture in which it is a partner, intends to award the London-listed oil rig maker a contract for the construction and delivery of two jack-up drilling units.
Read moreLamprell secures new Saudi contract
27th Dec 2018 10:32
(Sharecast News) - Lamprell said on Thursday that International Maritime Industries Company (IMI), the Saudi maritime joint venture in which it is a partner, intends to award the London-listed oil rig maker a contract for the construction and delivery of two jack-up drilling units.
Read moreLamprell wins contract with Saudi Aramco
26th Nov 2018 15:39
(Sharecast News) - Oil rig construction company Lamprell was on the front foot on Monday after saying it has been awarded a contract with Saudi Arabia's Aramco.
Read moreFriday broker round-up
21st Sep 2018 12:12
(Sharecast News) - Paragon Banking Group: RBC Capital Markets downgrades to sector performer with a target price of 500p.
Read moreLamprell tanks as it says FY revenue will be at lower end of guidance
23rd Jan 2017 09:06
(ShareCast News) - Engineering services group Lamprell tanked on Monday after it said revenue for 2017 is likely to be at the lower end of its guidance amid challenging market conditions. The company said the current market was pointing towards the lower half of its revenue guidance range of $400m t
Read moreLamprell wins North Sea wind farm project
25th Nov 2016 07:36
(ShareCast News) - Lamprell has been awarded a new contract from ScottishPower Renewables for the fabrication of multiple jackets and piles for the East Anglia One offshore wind farm in the southern North Sea. The large-scale project, which is aiming to be the best value offshore wind farm to go int
Read moreLamprell wins new contract worth $90m
26th Sep 2016 07:32
(ShareCast News) - Oil services group Lamprell has won a contract worth around $90m from Master Marine subsidiary Jacktel AS for the upgrade of the mobile operating unit 'Haven' as an accommodation service vessel for the Statoil Johan Sverdrup field, offshore Norway. The works - which are due to co
Read moreLamprell appoints Christopher McDonald as CEO
3rd Aug 2016 12:12
(ShareCast News) - Oil services group Lamprell has appointed Christopher McDonald as chief executive officer with effect from 1 October, succeeding Jim Moffat who will be retiring as previously announced. McDonald, a US national, was executive vice president and group head of business development wi
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