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GR Engineering posts $10M loss due to Northern Endeavour fiasco

ASX-LISTED oil and gas contractor GR Engineering, which provided services to Northern Oil & Gas Australia at the Laminaria and Corallina oilfields in the Timor Sea, has posted a A$9.7 million loss before tax in its full year results today.

paul hunt
Upstream-Production-Solutions.jpg

Upstream-Production-Solutions.jpg

  GR Engineering provided services to the now liquidated NOGA for its Northern Endeavour floating production storage and offloading vessel which produced oil from the two fields. However, an impairment...

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