Luxury renovated 109-year-old Queenslander
The house is open-plan and flows outside.It took two years of searching for Travis Watson and his family to find the house at 16 Thomas St, which according to CoreLogic Data was built in 1910.“We were very fastidious with the search,” Mr Watson said.“I had lived in Milton for 11 years and the family was expanding, and while it took two years to find the right place, we fell in love with Thomas St the moment we walked in the door.” The kitchen has a New York marble splashback.When Mr Watson and his partner moved into the house they had a son, now four, and have since added twin daughters to their family about a year ago.He said the house had been perfect for raising young children. The backyard is dog and kid friendly.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51 The house at 16 Thomas St, Auchenflower, is for sale.New York marble, crisp white walls and warm oak floorboards bring a luxurious touch to this century-old Queenslander. One of the home’s modern bathrooms.An upstairs open-plan kitchen, dining and living area which leads out to a deck was Mr Watson’s favourite of the home.“It’s the hub of the home, and I’m a wine rep … so it is nice to be on the deck when the sun is going down, looking at the city lights dappled through the trees and sit back and have a glass of wine at the end of the day.” One of the living rooms at 16 Thomas St, Auchenflower.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019It was freshly renovated when he moved into the house, with the previous owner a builder.The only things Mr Watson had done to the property since moving in a little more than two years ago was making it more dog friendly, and installing 5kW solar panels. Out on the deck is where Mr Watson likes to relax.“You’ve got this living area downstairs that goes straight out to a deck and a big, flat, grassy area,” he said.“The kids love it out there, running around on the grass, jumping on a giant trampoline and playing in the sandpit.“Raising young twins was pretty crazy but I think the house provided a lot of versatility for doing that.”
The four-bedroom, two-bathroom house sits on the Palm Beach canal with the main living areas designed to make the most of the water vistas.And the dated interiors, which included a pink kitchen, pink bathrooms and pink floral carpets, didn’t deter buyers with five offers made prior to auction. The carpets are ready for an update. “The buyers (a couple) live locally in Palm Beach and plan to move in and do some alterations,” Mr West said. “Seven out of eight buyers were local buyers.“The Palm Beach market is good, we are seeing not as many buyers move up from interstate but the local buyers still like the area and want to be close to the beach or on the water.”CoreLogic records show the property was on the market for just 27 days. The well-kept home is on a huge 1757sq m block. 138 Tallebudgera Drive, Palm Beach, has sold under the hammer for a multimillion-dollar sum. A 93-year-old woman’s dated, pink Palm Beach house has sold above reserve at a competitive auction where half the bidders were knocked out with the opening bid.The large waterfront house attracted eight registered bidders, but the $1.5 million opening bid meant only four competed for the keys.The 1757sq m property at 138 Tallebudgera Drive was called on the market at $1.98 million, with two bidders fighting it out to the end. The hammer fell at $2.025 million. A touch of pink in the kitchen. The property sold for $2.025 million to a local couple. Lacey West director Will West, who marketed the property, said the owner was thrilled with the result. “The lady who owns it was 93 years old and built it 30 years ago as a forever home” Mr West said. “She had all the family there onsite at the weekend and has downsized into something a bit smaller.“It’s pretty rare to get something on that parcel of land.” MORE NEWS: Sally Pearson’s Gold Coast home fetches more than $1 million More from news02:37International architect Desmond Brooks selling luxury beach villa12 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago MORE NEWS: Gold Coast couple “downsize” to a Sanctuary Cove mansion Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59
GemLife Pacific Paradise.A new multimillion-dollar over-50s lifestyle resort on the Sunshine Coast has recognised the changing lifestyle demands of older Australians. GemLife Pacific Paradise, by Australian retirement resort developer, GemLife, will include 96 premium homes, set within a secure, gated community with extensive, first-class recreational and sporting facilities. One of the homes at GemLife Pacific Paradise.To be built on 4.4ha of prime land on the Sunshine Coast, the development features larger-than-standard size homes, high ceilings, and upgraded, luxury fittings and finishes. In keeping with GemLife’s other over-50s resorts, the Pacific Paradise development is designed to support active, engaged living in a resort-style environment, providing high quality, low-maintenance homes for empty-nesters or Australians looking to downsize.GemLife CEO and director Adrian Puljich said he had set out to transform over-50s living with an innovative approach.“Wellbeing and vibrant living are a priority. Our resorts deliver an exceptional blend of first-class recreational and leisure facilities for active and social lifestyles, together with meticulously designed, modern and stylish homes,” Mr Puljich said.“We want homeowners to have maximum opportunities to connect and enjoy a quality lifestyle. Our country clubs, which form the heart of our communities, play a big part of this.”The GemLife Pacific Paradise country club will be modelled on GemLife’s award-winning clubhouses on Bribie Island and Highfields, near Toowoomba. What a place to relax and unwind at GemLife Pacific Paradise.It will accommodate an extensive range of recreational facilities including an outdoor yoga studio, pool with spa, fully equipped gym, sauna, ten-pin bowling alley, tennis, bocce and pickleball courts, a gold class-style cinema, art and craft studio, music room, wine room, and bar and coffee lounge.While the Sunshine Coast is the second most popular destination for interstate migration, driven by its mild subtropical climate, relaxed lifestyle and comparatively affordable housing, the area continues to be popular within the state too, with its coastal centres favoured by empty-nesters and retirees.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours ago CHARITY HOME FETCHES ALMOST $1M AT AUCTION MORE QLD NEWS:
GemLife Pacific Paradise is a new Sunshine Coast development.According to GemLife, Pacific Paradise buyers are coming from in and around the Sunshine Coast region, Brisbane area and the Gold Coast.GemLife Pacific Paradise has eight home designs, each with multiple facade and colour- scheme options. All homes have three bedrooms with seamless indoor-outdoor living and feature top-of-the-range appliances, integrated surround-sound systems, security alarm systems and energy-efficient inclusions such as solar PV panels.Unlike other providers in the industry, GemLife does not charge entry or exit fees, providing financial transparency and certainty for home buyers. Homeowners also retain 100 per cent of capital gain. DESIGN AN $8M PENTHOUSE Follow Reshni Ratnam on Instagram
5. 255 Monaco St, Broadbeach Waters RELATED: Out of this world mansion hits the market with $30 million price tag 1. 26 Knightsbridge Pde East, Sovereign Islands It was one of the most talked about properties in the state this year and set out to break multiple records with its $45 million price tag. The sprawling Sovereign Islands mansion took years and millions of dollars to complete and will become Queensland’s priciest property if it’s eye-watering asking price is achieved. The seven-bedroom residence was made famous when it was sold in an unfinished state to its current owner for $5.3 million at a mortgagee auction in 2013.The ostentatious offering features artesian windows worth up to $40,000 each, a 30m pool, 106m of water frontage, a roman-inspired garden and a 4m high, 1500kg statue of Neptune from Florence. A mega-mansion at 7-13 King Arthurs Court, Sovereign Island, was an out of this world listing. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:32Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:32 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen7-13 King Arthur Court01:33 If you need a spot to park your helicopter, 101 Commodore Drive, Paradise Waters, might be the home for you.There are plenty of standout features at this Paradise Waters mansion but it’s the waterfront helicopter pad that sets it apart.The five-bedroom house at 101 Commodore Drive has a $14.888 million price tag. A cinema with 140-inch screen, formal bar, library, au pair’s quarters and waterside pool are among the landmark residence’s other highlights. 2. 7-13 King Arthurs Court, Sovereign Islands Resort-style living is on offer at 255 Monaco St, Broadbeach Waters.The glamorous Broadbeach Waters house set a street record when it last sold for $11 million three years ago. On the illustrious Monaco St, the mega-mansion’s owners are now seeking $12.95 million.The five-bedroom, six-bathroom house is on a sprawling 3296sq m estate that occupies four blocks and has 43m of water frontage.
The $15 million price tag for 46-48 Norseman Court, Paradise Waters, looks like a steal compared to some other Gold Coast listings.The distinctive Paradise Waters mansion hit the market in November with a $15 million price tag. The regal residence was built by Gold Coast property veteran Mike Kelly, who offloaded it in 2016 for $10.2 million.More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoA circular formal lounge room serves as the centrepiece of the house and features a 7m ceiling with a statement crystal chandelier. There’s also a home theatre, wine cellar and bar, pool, gym and sauna. The priciest property listed this year was 26 Knightsbridge Pde East, Sovereign Islands. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:46Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:46 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenGold Coast’ s most expensive house00:47 4. 101 Commodore Drive, Paradise Waters 3. 46-48 Norseman Court, Paradise Waters The futuristic mansion hit the market not long after its $45 million neighbour. The waterfront house at 7-13 King Arthurs Court, Sovereign Islands, was listed with a $30 million price guide. It was a second attempt to sell the opulent home after a two-year sales campaign ended in July. The owners, German super yacht builder Klaus Lilischkies and his wife Leigh, spent $13 million creating the mini resort, which is known as Chateau de Reves, French for “castle of dreams”.It was designed by architect John Lea and took three years to build it. Take a look at the Gold Coast’s five most impressive listings of 2019.THEY are some of the most over the top properties you will ever see and for many a home only achievable in dreams. But cashed-up buyers out there still have a chance to snap up some of the biggest and best homes that hit the Gold Coast market in 2019. Here are the top five wow homes up for grabs, which together have an asking price of almost $118 million. RELATED: Coast’s biggest mansion hits market with $45 million price tag
Norwegian minister of Petroleum and Energy, Terje Søviknes, and Wintershall’s CEO, Mario Mehren, have visited the Deepsea Stavanger rig ahead of reservoir drilling on the Wintershall’s Maria field.Maria, Wintershall’s flagship development in Norway, is a subsea field that uses existing infrastructure to produce oil in a cost effective way.Drilling of the six wells on the field began in March and the top holes are now complete. NKT has held a naming ceremony for its new cable-laying vessel, the NKT Victoria, at the power cable plant in Karlskrona, Sweden on Thursday.The cable-laying vessel was delivered by Norwegian shipbuilder Kleven to NKT in April.NKT Victoria is capable of laying high-voltage offshore cables with high precision based on DP3 (Dynamic Positioning) capability and a remotely operated vehicle using cameras and sonar. DeepOcean has been awarded an engineering, procurement, fabrication and installation (EPCI) contract for wear protection on the risers at the Troll C platform in the Norwegian Sea.The award covers, in addition to installation, the design, engineering, procurement and fabrication of the wear protection solution for the risers on the Troll C platform.The onshore project team will work out of DeepOcean’s offices in Haugesund, Norway. A subsea technology spin-off from Norwegian firm Fuglesangs has signed an agreement with Aker BP, Lundin and NOV to develop and test a full scale prototype of what is marketed as ‘the worlds most autonomous boosting system’.The system will be qualified as part of The Research Council of Norway’s Demo2000 program and is suited for applications such as water treatment and water injection and possibly other “singlephase” liquid pumping applications.
Dutch subsea and survey specialist Fugro said it has generated some 16 percent less revenue on a currency comparable basis, compared to prior-year comparable period.The company’s revenue fell from €441 million in Q1 2016 to €377 million for the period ended March 31, 2017.Fugro said it expects further decline in revenue for the first half of 2017, however less severe than in 2016. Subsea World News has put together a recap of the most interesting articles from the previous week (May 01 – May 07).
US Department of Energy (DOE) has released a video to give us a 360° peek at one of the largest indoor wave facilities in the world – the MASK Basin.US Navy’s Maneuvering and Seakeeping (MASK) Basin at Naval Surface Warfare Center in Carderock is being used by US Energy Department’s efforts to accelerate the development of wave energy in the country.The facility is 360 feet long, 240 feet wide, and is equipped with wave maker that is capable of making precise waves for hours, according to DOE.The basin is no stranger to wave energy research. The facility’s ocean engineers built a dedicated structure specifically for wave energy converter (WEC) device testing and hosted the Energy Department’s Wave Energy Prize competition.The competition resulted in four teams meeting the public prize challenge’s goal of doubling the performance potential of wave energy devices, with one team making a five-fold improvement.Also, it serves as a testing ground for wave energy researchers from Sandia National Laboratories.If successful, this technology could one day power millions of US homes, businesses, remote communities, and even military bases by harnessing the energy potential of ocean waves, according to DOE.
Greek shipowner Tsakos Energy Navigation (TEN) incurred a net loss of USD 3.4 million in the third quarter of this year amid challenging market conditions.Aside to softness in the spot markets during the summer months, the costs associated with the new deliveries and the bringing forward of three drydockings, in order to secure the vessels availability for the seasonally stronger fourth quarter, contributed to the poor financial result.“Market conditions in general remained difficult throughout the third quarter, primarily due to a concentrated period of global vessel deliveries in an otherwise light tanker orderbook, seasonal refinery outages, high oil inventories and to an extent OPEC production cuts,” TEN explained.However, for the nine-month period, TEN’s income was USD 17.7 million.“With 9-month profits and an improving fourth quarter, we expect TEN to record another positive year in its 24-year long history,” George Saroglou, Chief Operating Officer of TEN said.“With 30.0% fleet expansion concluded in the last 18 months and now the whole fleet in full force, TEN is strategically positioned to take advantage of the improving environment and be a prime beneficiary going forward,” Saroglou concluded.For the nine-month period, the daily time charter equivalent rate per vessel for the company’s fleet was USD 19,141 and fleet utilization was at 96.4 percent.The addition of nine new vessels since September 30, 2016 increased depreciation and dry-docking amortization costs to USD 102.5 million compared to USD 81.7 million for the same period of 2016.Interest and finance costs reached USD 43.1 million, mainly due to the increased size of fleet relating to the new vessels and to general rate of interest increases, while capitalized interest fell as the newbuilding program approached its end, TEN said.
Satellite communications provider NSSLGlobal has signed a three-year contract with offshore support vessel provider Wind Energy Marine.The contract comprises the deployment of NSSLGlobal’s FusionIP VSAT terminal alongside its Oceanic Dynamics system aboard Wind Energy Marine’s new crew transfer vessels (CTVs) operating on the Nordsee One offshore wind farm in the German North Sea.Paul Rutherford, Service Engineering Director at NSSLGlobal, said: “Wind Energy Marine has been building its presence in the market and we’re delighted it has decided to invest in our solutions to further strengthen its growth. A three-year contract is a real demonstration of its commitment to our technology, and we’re excited to be able to implement a combination of two NSSLGlobal flagship solutions that will ensure seamless network coverage and efficient vessel performance.”FusionIP will automatically switch between VSAT and cellular connectivity, whilst the Oceanic Dynamics suite will centralise vessel performance, and assess the impact and “push on forces” reported on offshore structures.Oceanic Dynamics will provide Wind Marine Energy with the ability to monitor engine data, route information and GPS position, fuel efficiency, seasickness and whole body vibration HSE analysis, as well as passenger comfort and wellbeing analysis. It will allow vessels to contextualise cost efficiencies and ensure total onboard awareness with the help of a CCTV suite. The new system will also allow Wind Energy Marine to maximise on cost savings by improving efficiencies, NSSLGlobal said.Andrew Bagshaw, Managing Director at Wind Marine Energy, said: “NSSLGlobal has demonstrated the expertise, experience and superior quality of solutions which we were looking for to support our growth in the maritime marketplace. Oceanic Dynamics will be indispensable in terms of ensuring efficiency and consistent quality of our services, whilst the FusionIP terminal will allow us to stay fully connected to our shipping network at all times. The team at NSSLGlobal has also been extremely hands-on throughout the installation process, which was completed without a hitch.”
Norwegian oil and gas intelligence firm Rystad Energy has predicted that offshore spending will outgrow spending on onshore shale activities in 2019 with offshore subsea service companies set to benefit from it.Illustration; Image by: Benjamin Duivesteyn; Source: Wikimedia – under the CC BY 2.0 licenseRystad said on Thursday that, at current oil price levels, spending on land rigs, fracking, and other services for the shale industry was likely to stay essentially flat in 2019.The offshore service market will also feel the effects of the recent oil price slide, according to Rystad, but this sector is nevertheless projected to grow by 4% this year.Rystad’s head of oilfield services research Audun Martinsen said: “Many would expect offshore spending to be cut as drastically as shale, but offshore budgets were at a ten-year low last year, after four years of intense cost focus, and from that level you don’t need much additional activity or inflation to drive up the market.”Since oil prices fell in the fourth quarter of 2018 and the oil market outlook for 2019 appeared more bearish, shale budgets for next year have been cut drastically to compensate for the anticipated loss of revenues.“We saw the tendency already last month that the shale service market started to hit the brakes. The number of fracked wells per day dropped from an average of around 50 wells per day to 44 wells per day, and frack service pricing continued to fall in the fourth quarter of 2018.“For the full year of 2019 we expect more or less the same number of wells completed, at around 20,000 wells, and we do not anticipate seeing utilization returning to the levels as seen in early 2018,” Martinsen said.Rystad also expects the uptick in offshore spending to be driven by exploration and greenfield projects. Also, opex budgets will likely swell thanks to cost inflation, more fields coming on stream, and a buildup of work that needs to be completed.According to new research from the firm, a price of $64 per barrel of Brent crude would see both shale and offshore grow at around 5%, but in a scenario where Brent climbs to $70 per barrel, the shale industry could achieve an impressive 14% growth.“Investors now need to position their bets correctly based on their price strip assumptions. As long as oil prices are below $60 a barrel for Brent, it could be interesting to take a second look at service contractors exposed to the offshore sector to see what they have to offer as compared to service companies exposed to shale.“It seems that the names that will be able to deliver the best revenue growth are the service companies exposed to the offshore subsea market and MMO. This is a clear switch from 2018 when it was the shale names that were market share winners in the global service market,” Martinsen concludes.
Baker Hughes, a GE company, (BHGE) has reported profit of $32 million or 6 cents per diluted share on GAAP basis for the quarter ended March 31, 2019.Adjusted diluted earnings per share were 15 cents per share.The result compared with $70 million profit in Q1 2018, down 55%, and also down sequentially some 76% from $131 million or 28 cents per share.Revenue for the quarter was $5,615 million, a decline of 10%, sequentially. The decline was driven primarily by seasonality across most businesses. Turbomachinery and Process Solutions was down 27%, Digital Solutions was down 14%, and Oilfield Services was down 3%, partially offset with Oilfield Equipment up 1%.Compared to the same quarter last year, revenue was up 4%.Orders for the quarter were $5,693 million, down 17% sequentially and up 9% year-over-year. The sequential decrease was a result of seasonality in all product companies.GAAP (generally accepted accounting principles) operating income for the first quarter of 2019 was $176 million. Operating income declined $206 million sequentially and increased $217 million year-over-year. Total segment operating income was $373 million for the first quarter of 2019, down 39% sequentially and up 14% year-over-year.Depreciation and amortization for the first quarter of 2019 was $350 million.“BHGE delivered a solid first quarter against a backdrop of stabilizing global oil and gas markets. U.S. rig count dropped slightly less than expected, and international activity remained steady. The LNG market is very active. While the speed of the recovery varies across these markets, we see our Company positioned to benefit from multiple growth drivers,” said Lorenzo Simonelli, BHGE chairman, president and CEO. “We have a positive outlook across a number of end markets. Strengthening international markets will have the largest positive impact on our business, while operators in North America will continually re-evaluate their spending plans. The next wave of LNG projects will be positive for us, and we continue to see encouraging signs in the offshore market,” concluded Simonelli.