Oil and Gas
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13 Nov 2012
Clariant Oil Services awarded contract with E.ON E&P UK to provide chemical management services
Houston, Texas (USA), November 13, 2012 – Clariant Oil Services has reached a five-year agreement with E.ON UK E&P Limited, to provide production chemicals and services for the company’s new field development in the Huntington oil field.
31 Oct 2012
Clariant progresses while global economy deteriorates further
- Stable profitability in the core businesses despite pronounced economic weakness in Europe. Good progress in portfolio management and the integration of Süd-Chemie.
- Q3 2012 sales increased 3% to CHF 1.923 billion from CHF 1.865 billion in Q3 2011.
- EBITDA before exceptionals fell 7% to CHF 201 million from CHF 216 million in Q3 2011, affected by lower volumes and investments into growth.
- Cash flow from operations rose to CHF 181 million, compared to CHF 127 million in Q3 2011.
- For the full-year 2012, Clariant expects flat sales growth in local currencies and an EBITDA margin before exceptionals slightly ahead of the level after nine months.
The introduction of new and larger vessels, Q-Flex and Q-Max, and new, often more exposed terminals becoming operational have changed mooring dynamics. The need to maintain workers' safety at all times, whilst delivering maximum operational efficiency through lower costs and faster turnaround times remains unchanged.