Akastor Cuts Loss and Some 470 Employees

Oilfield services investment company Akastor recorded loss of NOK 321 million ($39 million) for the second-quarter ...

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Siem Offshore Sinks Deeper into Red Despite of Revenue Jump

Siem Offshore has seen its quarterly loss widened, despite revenue rise of over 50 percent, as forex gains and ...

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SeaBird Swings to Loss

Oslo-listed SeaBird has slipped into the red in the quarter ended March 31, 2017 as revenues fell close to 70 ...

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Polarcus Books Loss, Improves Q-on-Q

Seismic contractor, Polarcus has posted quarterly loss on 26 lower revenues when compared to first-quarter 2016, ...

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Spectrum Trims Loss on Higher Revenue

Norwegian multi-client seismic data specialist, Spectrum, has reported a loss of $3.7 million in the first quarter ...

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Forum Ups Revenue, Trims YoY Loss for Q1 2017

Forum Energy Technologies recorded net loss in the first-quarter 2017 of $16 million, or 16 cents per diluted ...

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Oceaneering Swings to Loss

Oceaneering has reported a net loss of $7.5 million, or 8 cents per share, on revenue of $446 million for the first ...

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Baker Hughes Revenue Slips, But Loss Narrows

Baker Hughes has recognized net loss for the quarter ended March 31, 2017 mainly on restructuring charges, asset ...

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Helix Narrows Q1 Loss

Offshore services player Helix Energy Solutions has seen red in the first quarter of 2017, but managed to improve ...

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Eidesvik Sinks Deeper into Red

Norwegian vessel owner Eidesvik Offshore has posted quarterly loss as it recognised fleet impairment charge and its ...

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Farstad Takes NOK 3.6 Bln Loss in 2016

Norwegian shipowner Farstad has seen its loss widened on more than 40 percent drop in operating income and large ...

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Fugro Cuts Over 3000 Jobs in 2 Years

Fugro has axed over 3000 jobs in the past two years due to continuous downturn in the oil and gas services market. ...

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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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Helix Reduces Losses Despite Revenue Drop

Offshore services player Helix Energy Solutions has seen red in the fourth quarter of 2016 on impairment charges ...

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DOF Subsea Swings to Quarterly Loss

DOF Subsea, a subsidiary of DOF Group, reported net loss in the fourth-quarter 2016 (Q4 2016) of NOK 430 million ...

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PGS Narrows Loss

Norwegian seismic player, Petroleum Geo-Services (PGS), reported a net loss for the fourth quarter of 2016 of ...

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EMGS Narrows Losses

Electromagnetic Geoservices (EMGS) posted loss for the fourth-quarter 2016 of $15.1 million, improving from $24.1 ...

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Oceaneering Posts Q4 Loss; Sees 90% Lower Full-Year Profit

Subsea engineering specialist Oceaneering has reported a net loss of $11.0 million, or $(0.11) per share, on ...

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Impairments Plunge Maersk Supply Service into Red

Offshore marine contractor Maersk Supply Service has recorded a loss (continuing operations) of USD 1.2 billion in ...

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