The Spanish renewable-energy giant Abengoa, which applied for preliminary creditor protection in November, is laying off staff and halting some operations, a company spokeswoman tells ENR.
Prices across Europe are “broadly flat,” rising by around 2% in France and Germany and more slowly in southern European countries, says Simon Rawlinson, head of strategic research and insight at Arcadis LLP, London.
As President Obama’s signature was still drying on the Fixing America’s Surface Transportation Act, enacted Dec. 4, construction-machinery lobbyists were jumping for joy.
Construction is a cyclical industry. Industry executives enduring recessions console themselves with the knowledge that, sooner or later, the bad times will pass.
Royal Dutch Shell has lost $5 billion so far in 2015, TransCanada Corp. is staring at a $2-billion write-off following the U.S. rejection of its Keystone XL pipeline, and Baker Hughes said it took a 43% hit to earnings compared to last year, a measurement almost identical to the decline of North American oil-rig drilling over the same time.