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Lamprell PLC (LAM.L)

LAM.L on London Stock Exchange

100.75GBp
23 Mar 2017
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1.50 (+1.51%)
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Latest Key Developments (Source: Significant Developments)

Lamprell says gets $225 mln contract from ScottishPower Renewables
Friday, 25 Nov 2016 02:00am EST 

Lamprell Plc : Received a new contract award from ScottishPower Renewables for fabrication of multiple jackets and piles for East Anglia One offshore wind farm . Contract is valued at approximately $225 mln .Fabrication work in Lamprell's Jebel Ali and Sharjah yards in UAE is scheduled to start in March 2017, with deliveries to be made between March and Oct 2018.  Full Article

Lamprell says new CEO takes up his role
Monday, 3 Oct 2016 02:00am EDT 

Lamprell Plc : Christopher McDonald has now taken up his role as chief executive officer (CEO) for group and as an executive director on board . Moffat will continue to support McDonald full time until mid-November when he will take up his part-time consultancy role . John Kennedy will continue in role of executive chairman until such time as transition to new CEO has been completed .James Moffat, who has been in role of CEO since March 2013, has stepped down.  Full Article

Lamprell wins $90 mln contract from Master Marine subsidiary
Monday, 26 Sep 2016 02:00am EDT 

Lamprell Plc : Contract award . Works are scheduled to complete in Q2 2018. Master marine is a new client for group. This contract is valued at approximately us$ 90 million . Has received a new contract award from Jacktel AS, a wholly owned subsidiary of Master Marine AS . Contract for upgrade of mobile operating unit "Haven" as an accommodation service vessel for Statoil "Johan Sverdrup" field, offshore Norway .Scope of works includes procurement, construction and installation of extended legs and new suction caissons.  Full Article

Lamprell says FY 2016 revenue to be slightly below current market expectations
Thursday, 22 Sep 2016 02:00am EDT 

Lamprell Plc : H1 revenue at $451.3 million . H1 Ebitda at $10.0 million versus $31.8 million . As at 30 June 2016, backlog of $297.1 million (31 December 2015: $739.7 million) . Bid pipeline at about $3.9 billion (31 december 2015: $5.4 billion) . Revenue for fy 2016 expected to be slightly below current market expectations . Revenue for fy 2017 expected to be in range of $400-500 million depending on outcome of a number of submitted bids awaiting award .Challenging environment impacting industry through project delays and cancellations expected to continue through 2017.  Full Article

Lamprell says units signs agreement regarding establishing Maritime Yard
Wednesday, 1 Jun 2016 02:00am EDT 

Lamprell Plc : Joint Development Agreement(JDA) in connection with potential partnership collaboration for establishing a maritime yard, at Ras Al Khair in Eastern Saudi Arabia .Maritime offshore limited, its subsidiary, has signed a JDA with Saudi Arabian oil company ,National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries.  Full Article

Lamprell Plc announces senior management changes
Friday, 14 Aug 2015 02:00am EDT 

Lamprell Plc:Says that James Moffat has decided to retire effective June 30, 2016, and will stand down as chief executive officer and as a director on that date.Says that until June 2016, Moffat will continue in his role as a director and chief executive officer allowing a smooth handover of his responsibilities.Says John Kennedy will take on role of executive chairman for the group until next annual general meeting of the company in 2016 as the company refreshes its strategy in light of the current market environment.Says Tony Wright has been promoted to role of chief financial officer and has been appointed as an executive director of the board with immediate effect.  Full Article

Lamprell Plc announces award of contract
Tuesday, 28 Apr 2015 04:45am EDT 

Lamprell Plc:Says that National Drilling Company (NDC), Abu Dhabi, has exercised one of its existing options and awarded a contract to Lamprell for the construction and delivery of a high specification jackup drilling rig.Lamprell has previously been awarded contracts by NDC for a series of eight rigs and this ninth rig will be of the same design.The LeTourneau-designed, Super 116E (Enhanced) Class mobile offshore drilling unit will be constructed at Lamprell's facility in Hamriyah, United Arab Emirates (UAE), with a planned delivery in Q2 2017.  Full Article

More From Around the Web

CORRECTED-UPDATE 1-Rig builder Lamprell sees lower revenue, tightens purse strings

Jan 23 Oil-rig builder Lamprell Plc said it would continue to maintain a tight rein on costs as it stuck to its guidance of lower 2017 revenue and pointed to a "particularly cautious environment" for the year ahead.