Lamprell braced for weaker revenue

Lamprell expects full-year revenue to dip below market expectations as the United Arab Emirates-based yard takes a $35 million hit over the late delivery of an Ensco rig caused by equipment failure.

Out-going chief executive: Jim Moffat
Out-going chief executive: Jim Moffat
Published 22 September 2016, 06:32Updated 25 October 2016, 15:13
Middle EastNorth Africa