Engineers Amazed at Underwater Painting

By Cathy Frost, General Manager at Alocit International Ltd

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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Impairments Sink Eidesvik

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

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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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Ezra Takes Q2 Loss

Ezra Holdings has booked a loss in the second quarter as the weak market drove the revenues down forcing the ...

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Impairments Sink SapuraKencana

Malaysian oil and gas services provider, SapuraKencana Petroleum, has plunged into loss in the fourth quarter ended ...

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Impairments Hit Polarcus Result

Seismic contractor, Polarcus has posted quarterly loss as it took high impairment charges and 22 percent revenues ...

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Impairments Drag Solstad into Red

Oslo-listed Solstad Offshore, has recorded a loss of NOK 1.34 billion ($155.7 million) for the fourth quarter of ...

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Helix Plunges into Red

Offshore services player, Helix Energy Solutions, has plummeted into loss as it books some $503 million of non-cash ...

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Nexans Expects EUR 150M Impairments

Nexans will book asset impairments of approximately 150 million euros due to commodities price decline in the ...

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Schlumberger Sees Red Ink and Axes 10,000 More Jobs

Oilfield services major, Schlumberger, has further reduced its overall workforce by some 10,000 employees, and ...

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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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TGS to Let Go 130 Workers

Seismic contractor TGS will reduce its global workforce capacity by some 130 people, corresponding to around 16 per ...

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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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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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SapuraKencana in Profit Slump

Malaysia’s SapuraKencana Petroleum has seen its profits slashed almost 77% in the second quarter ended July ...

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Expro Takes $344.5 Mln Non-Cash Charge in FY15

International oilfield services company, Expro, has posted headline revenue of $1.3bn for the fiscal year ending ...

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Halliburton Swings to Loss in Q1

Halliburton has reported a net loss of $643 million, or 76 cents per share, in the quarter, compared with a profit ...

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Deep Down Stays in Red, 2015 Outlook Uncertain

Deep Down, an oilfield services company specializing in deepwater and ultra-deepwater oil production distribution ...

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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 (March 02 – ...

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SeaBird Loss Grows

Norwegian seismic player SeaBird Exploration has plunged deeper into the red on cost of sales, impairments and weak ...

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CGG to Cut More as Loss Widens

French seismic contractor CGG announced additional cost reduction plans and further downsizing of its fleet as it ...

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