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 ...

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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 ...

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Red Ink for Aker Solutions

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

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PGS Reports Q4 Profit

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

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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 ...

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Schlumberger Posts $10.1Bln Loss in 2019

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

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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 ...

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Mermaid Loss Widens

Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has reported net ...

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EMGS Swings to Profit

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

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SeaBird in Strategic Overhaul as Loss Continues

Oslo-listed SeaBird said it will focus on a more asset-light and flexible business model after recognizing a ...

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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 ...

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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 ...

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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 ...

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Baker Hughes Improves Quarterly Profit

Baker Hughes has reported profit of $57 million or 11 cents per share on GAAP basis for the quarter ended September ...

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Forum Books $533M Loss

Forum Energy Technologies has recorded loss in the third-quarter 2019 of $533 million, or $4.83 per diluted share, ...

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Saipem Back in Black

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

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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 ...

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Magseis Fairfield Chops Forecast

Seabed seismic services player Magseis Fairfield has lowered its guidance for 2019, in which the company now ...

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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, ...

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BHGE Narrows Quarterly Loss as Revenue Improves

Baker Hughes, a GE company, (BHGE) has reported loss of $9 million or 2 cents per diluted share on GAAP basis for ...

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Fugro Eyes Seabed Geosolutions Exit

Fugro is looking to sell its stake in Seabed Geosolutions, a joint venture company with French seismic player CGG. ...

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