Business news - 29 July 2014

Saipem recorded revenues of €3.075 billion and a net profit of €75 million in the second quarter of 2014 (ended 30 June).

WFS Technologies and Fugro team up to offer wireless ROV integration.

The US EIA explains that as cash flow has flattened, major oil companies have increased their debts and sold assets.

ESIA report contains additional information to the EIA assessments of the potential environmental and socio-economic impacts of the project in Bulgaria.

David Goldwyn of the Brookings Institute explains how the US can act to defend against today’s energy and security challenges.

A new international occupational health and safety management systems standard is currently under development.

Petrofac secures £5 million maintenance build contract for the Shah Deniz 2 project.

NuStar Energy’s second quarter EBITDA from continuing operations stood at US$ 140.1 million, compared to Q2 2013 EBITDA of US$ 114.3 million.

Dave Oliver Hydrographic Services has unveiled an album of anniversary postcards, showcasing 25 global offshore projects for which it has recruited personnel.

BP has announced its financial results for Q2 2014.

British Gas Business makes deal with Elster for 100,000 gas meters.

NGX and Alliance Pipeline have announced the addition of the Alliance Chicago Exchange market hub as a cleared trading point on NGX.