Connecting gears of the energy transition

The energy transition is one of the greatest challenges of our time.

Reach Subsea Sinks Deeper in Red

Norwegian contractor Reach Subsea has widened its quarterly loss as utilization of assets fell against prior-year ...

read more →

Helix Swings to Quarterly Profit; Hikes Full-Year Result

Helix Energy Solutions has reported net income of $7.9 million, or 5 cents per diluted share, for the fourth ...

read more →

DOF Subsea Shrinks Quarterly Loss

DOF Subsea, a wholly-owned subsidiary of DOF Group, reported loss in the fourth quarter of 2019 of NOK 30 million ...

read more →

Red Ink for Aker Solutions

Norwegian services player Aker Solutions booked Q4 2019 loss of NOK 148 million, against profit of NOK 178 million ...

read more →

EMGS Reports Q4 and Full-Year Profit

Norwegian geophysical services company EMGS has returned to profit as revenues hiked close to 180 percent for the ...

read more →

PGS Reports Q4 Profit

Petroleum Geo-Services (PGS), has bounced back in black in the fourth quarter ended December 31, 2019, as revenues ...

read more →

Baker Hughes Ups Q4 Adjusted Earnings, But Misses Forecast

Baker Hughes has reported profit of $48 million or 7 cents per share on GAAP basis for the quarter ended December ...

read more →

Schlumberger Posts $10.1Bln Loss in 2019

Schlumberger has booked some $10.1 billion loss for 2019, despite relatively flat revenues, recognizing material ...

read more →

Reach Subsea Profit Halves

Norwegian contractor Reach Subsea has seen its quarterly profit cut in half against last year’s comparable period ...

read more →

Red Ink for DOF Subsea

DOF Subsea, a wholly-owned subsidiary of DOF Group, reported loss in the third quarter of 2019 of NOK 1.09 billion ...

read more →

EMGS Swings to Profit

Norwegian geophysical services company EMGS has returned to profit as revenues hiked more than fourfold for the ...

read more →

Subsea 7 Profits Fall; Expects to Bounce Back in 2020

Engineering and construction specialist Subsea 7 has seen its profit slip in the quarter ended September 30, 2019 ...

read more →

Polarcus Reports Improved Results in Third Quarter 2019

Seismic player Polarcus has bounced back in black when compared to third-quarter 2018 as revenues increased some 19 ...

read more →

McDermott Posts Q3 Loss of $1.9B

McDermott has reported quarterly loss of $1.9 billion, or $10.37 per diluted share, compared to profit of $2 ...

read more →

Saipem Back in Black

Italian oilfield services player Saipem has reported third-quarter 2019 profit of €30 million on revenues of €2.23 ...

read more →

TechnipFMC Sees Profit Fall Despite Revenue Increase

TechnipFMC has reported third-quarter 2019 profit of $22 million or 5 cents per diluted share. The services major ...

read more →

Helix Boosts Quarterly Profit

Helix Energy Solutions has reported net income of $31.6 million, or 21 cents per diluted share, for the third ...

read more →

PGS Returns to Profit

Petroleum Geo-Services (PGS), has bounced back in black in the third quarter ended September 30, 2019, as revenues ...

read more →

Magseis Fairfield Returns to Profit

Seabed seismic services player Magseis Fairfield has bounced back to profit in the second quarter of 2019. The ...

read more →

Slight Drop for Reach Subsea

Norwegian contractor booked profit of NOK 4 million on revenues of NOK 181 million, versus profit of NOK 5 million, ...

read more →

DOF Subsea Returns to Profit as Group Seeks Refinancing Deal

DOF Subsea, a subsidiary of DOF Group, reported profit in the second quarter of 2019 of NOK 14 million ($1.5 ...

read more →