Oceanteam Narrows Loss

Oslo-listed Oceanteam has booked net loss of some $600K for the third quarter ended September 30, 2016. This result ...

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Red Ink for GC Rieber

Norwegian offshore vessels provider, GC Rieber Shipping, has recognised quarterly loss of NOK 233.5 million, ...

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Akastor Narrows Q3 Loss

Oilfield services investment company, Akastor, has managed to cut its loss in the third quarter of 2016, despite ...

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Oceaneering Retires 39 ROVs in Q3 as Red Ink Flows

Oceaneering reported a net loss of $11.8 million, or $(0.12) per share, on revenue of $549 million for the three ...

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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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Saipem Cuts 800 Jobs

Italian oilfield services player Saipem said it will reduce workforce by some 800 at its European based facilities ...

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Helix Ups Q3 Profit by 16 Pct

Offshore services player Helix Energy Solutions has posted improved results in the third quarter of 2016, backed by ...

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Ezra Suffers Another Quarterly Loss

Offshore oil and gas contractor, Ezra Holdings, has posted a loss for the third quarter ended May 31, 2016, as it ...

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SapuraKencana Takes Profit Hit

Malaysia’s SapuraKencana Petroleum has seen its profits slashed almost 63 per cent in the third quarter ended ...

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Swiber Bounces Back

Singapore-listed EPIC contractor, Swiber, has reported a net attributable profit of USD 3.2 million for the third ...

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EMGS Looks for Cash Boost as Red Ink Flows

Norway’s Electromagnetic Geoservices (EMGS) has seen its profit slide into the red in the third quarter of 2015 on ...

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CGG Lays Off 930 and Reduces Fleet to 5 Vessels

French seismic contractor, CGG, will be reducing its global workforce by additional 930 positions, as part of its ...

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Aker Solutions Sees Revenue Slashed by NOK 800 Mln

Aker Solutions has delivered lower third-quarter profit as its revenue dropped some NOK 800 million from the ...

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Bourbon Q3 Revenues Down Despite Forex Boost

Bourbon has posted higher revenue for the first nine months of 2015, despite reporting a drop in utilization rates ...

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Akastor Posts NOK 1.37 Bln Loss

Oilfield services investment company, Akastor, has booked a third-quarter 2015 loss as impairments hit the ...

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Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (October 26 – ...

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Fugro to Cut 500 More Jobs

Fugro said it will lay off around 500 employees in the coming quarters as it feels the pressure of deteriorating ...

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Spectrum Books Loss

Norwegian multi-client seismic data specialist, Spectrum, has slid into the red following lower revenue warning ...

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Siem Offshore Slides to Loss

Siem Offshore has seen red in the third quarter as the challenging OSV market continued the negative trend from the ...

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Technip Lifts Profit

French oil services provider, Technip, posted higher third-quarter (3Q 2015) net income, boosted by an overall ...

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Oceaneering Posts Profit Drop

Subsea engineering specialist, Oceaneering, has reported a drop in third-quarter profit for the period ended ...

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