Subsea Digitisation

An article by WFS Technologies

Reach Subsea Takes NOK 15 Mln Loss

Norwegian contractor Reach Subsea has booked a negative result in the fourth quarter 2016, caused by a challenging ...

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Magseis Cuts Losses

Norwegian seabed seismic services player, Magseis, has managed to shrink its loss as the revenue increased by close ...

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Swiber Slips into Red

Singapore-listed EPIC contractor, Swiber, has reported net loss of USD 0.2 million for the first quarter ended ...

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Farstad Books Forex Boost, Unsure in Fixed Market Upturn

Weakening of US dollar has helped the Norwegian shipowner Farstad to bounce back to profit during the first quarter ...

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GC Rieber Sees More Red Ink

Norwegian offshore vessels provider, GC Rieber Shipping, has recognised quarterly loss of NOK 93.7 million, ...

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Loss Widens for EMGS

Electromagnetic Geoservices (EMGS) said its loss deepened in the first quarter, ended March 31, 2016, as revenues ...

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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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SeaBird Stays in Black

Oslo-listed SeaBird remained in profit at the end of the first quarter 2016, despite weak seismic demand, but still ...

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Halliburton Suffers $2.4 Bln Loss

Oilfield services major Halliburton has seen red in the first quarter ended March 31, 2016 as the depressive market ...

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CGG Loss Deepens

French seismic contractor, CGG, recognised widened quarterly net loss as the market slowdown made a major dent in ...

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More Red Ink for PGS

Petroleum Geo-Services (PGS), has seen its quarterly loss widen as revenues declined some 19 per cent during the ...

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Akastor Plunges Deeper into Red

Oilfield services investment company, Akastor, has booked a first-quarter 2016 loss on sharp decline in revenues ...

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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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Oceaneering Profit Down 64% in Q1

Oceaneering reported net income of $25.1 million, or $0.26 per share, on revenue of $608 million for the three ...

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Halliburton Cuts 6000 Jobs in Q1

Oilfield services major Halliburton has reduced its workforce by more than 6,000 employees during the first quarter ...

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Spectrum Stays in Red

Norwegian multi-client seismic data specialist, Spectrum, has remained in red in the first quarter of 2016 despite ...

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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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Helix Posts Quarterly Loss

Offshore services player, Helix Energy Solutions, has seen red second quarter in a row as its revenues declined ...

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Ezra Posts $53.7 M Loss

Offshore oil and gas contractor, Ezra Holdings, has seen red in the first quarter, ended November 30, 2015 ...

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Ezra Expects Red Ink

Ezra Holdings said it expects negative financial results for the first quarter ended November 30, 2015 (1Q2016), ...

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Oceanteam Posts Q1 Loss

Norway’s Oceanteam has booked a net loss of $0.4 million for the first quarter ended March 31, 2015, as the ...

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