Search results for: Q1 2020

188939 results

A list of search results

  • 23 April 2020
    Business & Finance

    PGS has seen its Q1 2020 loss widened, mostly on impairments related to library and sale of non-current assets. The Oslo-listed seismic player reported quarterly loss of $117.5 million, or 32 cents per share on revenues of close to $129 million, against loss of $65 million, or 19 cents per share on almost relatively flat […]

  • 27 May 2020
    Business & Finance

    Norwegian contractor Reach Subsea has widened its quarterly loss against prior-year comparable period on currency effects and IFRS16 depreciation effect. For the first quarter 2020, Reach booked loss of close to NOK 32 million, versus loss of NOK 19 million in the year-ago quarter. To remind, in the fourth quarter 2019, Reach recorded loss of […]

  • 23 April 2020
    Business & Finance

    TechnipFMC has reported first-quarter 2020 loss of $3.25 billion or $7.28 per diluted share against $21 million profit same time last year. The services major has seen the results affected by after-tax charges and credits totaling $7.17 per share, primarily driven by non-cash impairment charges. TechnipFMC warned the market on impairment impact prior to releasing […]

  • 22 May 2020
    Business & Finance

    Subsea and drilling services provider Mermaid has reported net loss of $10.3 million for the three-month period ended 31 March 2020. This result compares with loss of some $4 million in the corresponding period in 2019. The Singapore-listed company generated quarterly revenue of $22.2 million, versus $26.2 million in Q1 2019 – down some 15 […]

  • 1 May 2020
    Business & Finance, Human Capital, Market outlooks

    Dutch subsea and survey specialist Fugro said it will reduce its workforce by up to 10 per cent due to challenging market situation. The company posted loss before interest and taxes of €26 million for the first quarter 2020, against loss of €19 million in Q1 2019. Fugro recently announced a programme to significantly reduce […]

  • 30 April 2020
    Business & Finance

    Aker Solutions booked Q1 2020 loss of NOK 742 million, against profit of NOK 149 million same time last year. Lower activity levels towards the end of the quarter impacted the results, as operators postponed offshore work to mitigate the spread of the coronavirus. Loss per share was NOK 2.73. Excluding special items, Q1 2020 […]

  • 27 May 2020
    Business & Finance

    DOF Subsea has reported loss in Q1 2020 of NOK 1.5 billion, against NOK 25 million in Q1 2019. Earnings hit was due to depreciation and impairment of NOK 976 million. This was because of the weakening market for vessel services and the low demand visibility for services going forward. DOF Subsea also booked a […]

  • 7 May 2020
    Business & Finance

    Norwegian geophysical services company EMGS has seen its first-quarter loss widened on impairment of DeepBlue source system. The Oslo-listed booked Q1 2020 loss of $9.6 million or 7 cents, versus loss of $6 million in Q1 2019. Revenues for the quarter rose at $11.3 million from $10.8 million same time last year. Quarter-on-quarter revenues fell […]

  • 5 February 2020

    Wood Mackenzie has lowered its oil demand forecast for Q1 2020.

  • 30 April 2020
    Business & Finance

    A comprehensive cost reduction programme is being developed and will be announced in the second quarter.

  • 8 May 2020
    Business & Finance, Equipment, Technology

    Forum Energy Technologies has recorded loss in the first quarter 2020 of $37 million, or 33 cents per diluted share, compared to loss of $8 million, or $7 cents per diluted share, for the prior-year comparable period. Sequentially, Forum widened its loss from $11 cents per diluted share, with revenue decrease of $17 million. For […]

  • 13 May 2020
    Business & Finance

    TGS saw profits slashed in the third quarter due to lower revenue amid challenging seismic market conditions.

  • 27 May 2020
    Business & Finance

    Ocean bottom node seismic player Axxis Geo Solutions has returned to profit as revenues hiked close to 83 per cent. AGR recorded Q1 2020 profit of $7 million, bouncing back from loss of some $4 million same time last year. The Oslo-listed firm generated quarterly revenue of $45 million, versus approximately $25 million in the […]

  • 15 May 2020
    Business & Finance

    Oslo-listed SeaBird has recognized net loss of $0.3 million for Q1 2020, against net loss of $0.4 million in the same period in 2019. SeaBird recorded revenues of $25.3 million in Q1, a 105 per cent increase compared to $12.3 million in Q1 2019. Significant part of revenues in Q1 2020 relates to a 3D […]

  • 29 April 2020
    Business & Finance

    Leading offshore wind developer Ørsted reported an operating profit (EBITDA) of DKK 6.8 billion (EUR 912 million) for the first quarter of 2020, a 33 percent increase compared to the same period the year before. Net profit amounted to DKK 3.3 billion and return on capital employed (ROCE) came in at 11 percent for the […]

  • 2 April 2020
    Business & Finance

    Polarcus, a Dubai-based seismic contractor, has recorded a decrease in its vessel utilization in the first quarter of 2020. The vessel activity decreased from 92 percent in Q1 2019 to 89 percent in Q1 2020. According to Polarcus’ update, on a contracted basis the vessel utilization dropped to 80 percent in Q1 2020 compared to […]

  • 18 April 2019

    WinGD is a leading developer of two-stroke low-speed gas and diesel engines reported a solid order intake for the first quarter of 2020 from the LNG carrier market.

  • 12 May 2020
    Business & Finance

    Seabed seismic player Magseis Fairfield has slightly widened its quarterly loss despite major revenue drop against the prior-year quarter. The Oslo-listed company generated Q1 2020 revenue of $53 million, down from $120 million same time last year. Revenue was also down from Q4 2019 revenue of $ 74 million. The decline from the previous quarter […]

  • 24 April 2020
    Business & Finance

    The world’s largest owner and operator of very large crude oil carriers (VLCCs) Bahri reported a massive jump of 133.77 percent in its profit for the first quarter of 2020 despite COVID-19 challenges. The company’s net profit after tax reached SAR 419.22 million (USD 111 million) from SAR 179.33 million recorded in the same period […]

  • 30 April 2020
    Business & Finance

    The offshore wind farms developed and owned by Spain-based Iberdrola have produced 1,119 gigawatt-hours (GWh) during the first quarter of 2020. Iberdrola’s total installed offshore wind capacity stood at 1,174 MW on 31 March. In the United Kingdom, the company’s offshore wind farms generated 680 GWh, up 203.4% compared to the same period last year, […]

  • 14 April 2020
    Human Capital, Safety, Vessels

    Pirates boarded 37 ships and kidnapped 22 seafarers in the first quarter of 2020, the latest report from the ICC International Maritime Bureau (IBM) shows. In total, the bureau received reports of 47 attacks in the first three months of this year, with the Gulf of Guinea remaining the world’s piracy hot spot. However, as […]

  • 1 May 2020
    Business & Finance

    Marine seismic player Polarcus has cut its deficit in Q1 2020 despite slightly lower revenues on improved pricing compared to prior year. The Oslo-listed company reported loss for the Q1 2020 of $4.2 million, on revenues of $66.3 million, versus loss of $5.3 million and revenues of $67.1 million in Q1 2019. The Polarcus core […]