LAM.L Share News (LAM)

Lamprell Shares Drop On Downgrade To 2015 Expectations

UPDATE 1-Rig maker Lamprell expects 2015 revenue below current view

(Adds details, share movement) Jan 12 (Reuters) - Rig-maker Lamprell Plc said the slump in oil prices hurt its ability to secure new business, and that it expected its revenue for this year would be about 10 percent below current expectations. Shares in the British company fell as muc

Rig maker Lamprell expects 2015 revenue below current view

Jan 12 (Reuters) - British rig maker Lamprell Plc said revenue for 2015 would be about 10 percent below current expectations as the slump in oil prices hurts its ability to secure new business. "While short-term tendering activity will continue at a pace required to meet current demand, ou

Sector movers: Energy stocks tank as oil-price plunge intensifies

Stocks in the oil producing and oil services sectors were hit by renewed selling pressure on Wednesday as crude prices dropped to fresh five-year lows. A weaker demand forecast from OPEC and a surprise increase in US crude inventories were weighing heavily on oil prices in afternoon trade, with Bren

Lamprell sells Middle East oil services business for $3m

Oil services group Lamprell is off-loading a non-core Middle East service business for $3m. Lamprell is selling Litwin PEL, an engineering and contracting company that serves the oil and gas, chemical and petrochemical industries in Abu Dhabi, to the Nauvata group of companies. The sale of Litwin,

Sector movers: Oil services bear the brunt of OPEC decision as outlook sours

Oil-related stocks were continuing to feel the impact from a recent plunge in crude prices on Friday, though companies in the energy-services sector were bearing the brunt of the selling pressure. The Organization of Petroleum Exporting Countries (OPEC) decided on Thursday not to scale back their pr

Sector movers: Petrofac profit warning sinks oil services stocks, OPEC meeting eyed

A profit warning from blue-chip oilfield services group Petrofac rattled the oil services, equipment and distribution sector in London on Monday, with stocks falling by an average 10%. There was nervousness ahead of a pivotal meeting of the Organization of Petroleum Exporting Countries (OPEC) on Thu

BUZZ-Bears on alert as OFS deal chatter gets louder

** More shorts could be squeezed out as M&A buzz around OFS cos hots up ** Some short covering has already been at work since announcement of Halliburton /Baker Hughes deal & Technip's offer to buy CGG, analysts say ** Amec Foster Wheeler & Petrofac 3rd & 4th most borrowed stocks on F

Lamprell Reiterates 2015 Guidance After Big Contract Win

Lamprell gets $365 mln rig contract from Abu Dhabi's NDC

Nov 12 (Reuters) - British rig maker Lamprell Plc received a new contract worth about $365 million from Abu Dhabi's National Drilling Co for two jackup drilling rigs. Lamprell's shares rose as much as 5.8 percent to 150.25 pence in morning trade. National Drilling also has the right

Lamprell Shares Lifted By USD365 Million Rig Contract Win In UAE

BUZZ-Lamprell: Up 7 pct on completion of second drill rig

** The drilling rig maker's shares up as much as 7.1 pct after it said finished construction of a second jack-up drilling rig in the Caspian Sea ahead of schedule. ** The company said the completion of the rig, which is expected to be delivered over the next month, enables it to release con

Lamprell expects windfall from rig completion

Oil services group Lamprell expects a financial windfall after completing construction of a second oil and gas rig for an unidentified client. Lamprell said it had finished building the Caspian Sea jackup drilling rig, the "Mercury", ahead of time, which meant it would be able to release contingenci

Lamprell Shares Up On Second Completed Rig, Boost To Full Year Results

Lamprell Kicks Off Hunt For Finance Boss As Curin Steps Down