Saipem Sinks to €2.1 Bln Loss

Saipem has plunged deeper into the red as longer-than-expected market recovery led to massive writedowns and ...

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AKVA Group Slips into Red

Norwegian equipment provider for aquaculture industry, AKVA group, has completed fourth quarter in red, ...

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McDermott Narrows Q4 Loss and Delivers Profit in 2016

Houston-based McDermott posted quarterly net loss of $0.5 million, or $0.00 per fully diluted share, compared to ...

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Polarcus Shrinks Quarterly Deficit, Ends 2016 in Black

Seismic contractor Polarcus has posted quarterly loss on non-cash charges and revenues drop of some 35 percent when ...

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Subsea 7 Ups Q3 Result

Oslo-listed Subsea 7 has lifted its profit in the third quarter ended September 30, 2016, on high utilisation of ...

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Polarcus Slips into Red

Seismic contractor, Polarcus has posted quarterly loss as its revenues declined over 50 percent when compared to ...

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Technip Increases Q3 Profit and Full-Year Target

French oil services provider, Technip, has boosted its third quarter 2016 result as it continues its cost reduction ...

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McDermott Ups Profit Despite Revenue Drop

Houston-based McDermott posted quarterly net income of $16.1 million, or $0.06 per fully diluted share, compared to ...

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Oceanteam Back in Black, Looks for Bond Refinancing Solution

Norway-based Oceanteam has posted net profit attributable to owners of the company of close to $100 000 for the ...

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EMGS Cuts Costs to Shrink Loss

Electromagnetic Geoservices (EMGS) has narrowed its loss in the second quarter, ended June 30, 2016, as the company ...

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TGS Books Lower Quarterly Profit, Improves Sequentially

Geophysical contractor TGS has posted second-quarter 2016 net profit of $16.8 million, compared to net profit of ...

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Saipem Cuts Revenue Guidance

Saipem has lowered its full-year revenue estimates by some €500 million, reportedly due to delays in the award of ...

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Technip Swings to Profit Despite Revenue Drop

French oil services provider, Technip, has bounced back in the second quarter 2016 as its cost reduction plan moves ...

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Subsea 7 Boosts Q2 Profit

Oslo-listed Subsea 7 has lifted its profit in the second quarter ended June 30, 2016, on nearly-halved ...

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McDermott Profit Beats Expectations

McDermott reported better-than-expected second-quarter and half-year 2016 earnings results, despite revenue drop ...

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FMC Technologies Sees Profits Plunge

FMC Technologies, has recorded a sharp profit drop in the second quarter 2016 as the weak market drove its revenue ...

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Aker Solutions Books Lower Profit

Aker Solutions has reported net income of NOK 131 million or NOK 0.37 per share in the second quarter 2016 versus ...

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McDermott Shrinks Loss as Revenue Grows

McDermott reported that its first-quarter 2016 loss narrowed some 85 per cent on better-than-expected revenue ...

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FMC Technologies Takes 87% Nosedive

The largest provider of subsea equipment to the industry, FMC Technologies, has seen its first-quarter 2016 profits ...

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Weak Market Pulls TGS into Red

Geophysical contractor TGS has posted first-quarter 2016 net loss of $20.2 million, compared to net profit of $28.6 ...

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FMC Aims to Drive Costs Down to Pick the Industry Up

The largest provider of subsea equipment to the industry, FMC Technologies, could see its 2016 Subsea revenue ...

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