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.
Hatch Mott MacDonald CEO Nick DeNichilo and Executive Vice President Michael Schatz are set to take on new executive roles at U.K.-based Mott MacDonald Group Ltd. and Canada-based Hatch Group, respectively, after the parent firms’ infrastructure-engineering joint venture splits in early 2016.
There is a battle underway beneath Boston Harbor. On one side is Harbor Electric Energy Co., a subsidiary of New England utility NStar (now known as Eversource Energy), and on the other side is the Massachusetts Water Resources Authority.
Connecticut’s highest court in November rejected the claims of workers seeking lost wages as a result of a 2010 explosion at a power-plant under construction.
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