Eidesvik Improves Quarterly Earnings

Norwegian vessel owner Eidesvik Offshore has posted quarterly profit of NOK 135 million (approximately $16 million) or NOK 4.49 per share, against NOK 104 million (approximately $12 million) or NOK 3.47 per share for the quarter that ended on March 31, 2016.

In the first quarter 2017, Eidesvik generated revenues of NOK 249 million. Revenues in the corresponding period in 2016 were NOK 193 million. The revenues include a vessel termination fee of NOK 66.2 million and gain on sale of Viking Poseidon of NOK 17.2 million.

EBITDA was MNOK 158.6, versus NOK 93.6 milliuon, and operating profit (EBIT) was NOK 56.3 million, compared to NOK 40.1 million after impairments.

The company booked quarterly asset impairment charge of NOK 66 million.

Subsea World News Staff

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

More info

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Europort 2019

Europort, organised in the world port city of Rotterdam, will be the leading exhibition for special purpose vessels…

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