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  • 15 May 2015
    Business & Finance

    Taiwanese container carrier Evergreen Marine has steamed its way back to profit in the first quarter of 2015. The company recovered from a loss worth TWD 1.69 million from 2014 to a profit of TWD 1.53 million (USD 50,200). The rebounded results were mainly attributed to reduced operating costs. Taipei-listed liner said that its revenue has a slight […]

  • 14 November 2017
    Business & Finance, Operations & Maintenance

    Norwegian vessel owner Eidesvik Offshore has posted quarterly profit of NOK 29 million (approximately $3.5 million) or NOK 0.98 per share, against loss of NOK 148 million (approximately $18 million) or NOK 4.90 per share for the quarter that ended on September 30, 2016. Result for the first nine months of 2017 was profit of […]

  • 8 February 2018
    Business & Finance

    Norwegian engineering and construction services company Kvaerner recorded a profit in its fourth quarter 2017 as opposed to a loss in the prior-year period. 

  • 10 May 2017
    Business & Finance, Equipment

    Geophysical contractor TGS has posted first-quarter 2017 net profit of $1.6 million, compared to net loss of $20 million in the same period in 2016. This comes down to quarterly earnings per share (fully diluted) of $0.02, against $0.20 loss per share same time last year. The Oslo-listed firm generated revenues of $86 million in […]

  • 19 March 2015
    Business & Finance

    Danish product tanker owner Nordic Shipholding A/S made a profit of USD 2.3 million in 2014 due to improved earnings and a one-off gain of USD 5.2 million arising from the reversal of impairment loss on Nordic Anne previously recognised, which was slightly above expectations, the company said.  Excluding this gain, the group incurred a net […]

  • 6 August 2014
    Business & Finance

    Tsakos Energy Navigation Limited (TEN) has  reported unaudited results for the second quarter and first six months of 2014.   TEN achieved net income of USD 14.8m in the first six months of 2014, a significant improvement over the first half of 2013 when the recorded net income was 0.5m. Operating income for the same period […]

  • 24 July 2018
    Business & Finance, Equipment, Operations & Maintenance

    Offshore services player Helix Energy Solutions has returned to profit in the second quarter of 2018 compared with the same period last year as activities increased in all divisions. Helix reported profit of $18 million, or 12 cents per diluted share, for the second quarter of 2018, compared to net loss of $6 million, or […]

  • 24 October 2019
    Business & Finance, Operations & Maintenance

    Italian oilfield services player Saipem has reported third-quarter 2019 profit of €30 million on revenues of €2.23 billion. This result compares to net loss of €34 million on revenues of €2.26 billion in the prior-year comparable period. Adjusted result was net profit of €31 million, against €11 million profit in Q3 2018. Saipem reported Q3 […]

  • 24 July 2019
    Business & Finance, Operations & Maintenance

    Seismic player Polarcus has bounced back in black when compared to second-quarter 2018 as revenues increased some 45 percent. The Oslo-listed company reported profit for the quarter ended June 30, 2019 of $600K, versus loss of $8.1 million in Q2 2018. For the first six months in 2019, Polarcus’ loss narrowed at $4.7 million on […]

  • 23 April 2019
    Business & Finance, Equipment, Operations & Maintenance

    Helix Energy Solutions has reported net income of $1.3 million, or $0.01 per diluted share, for the first quarter of 2019 compared to a net loss of $2.6 million for the same period in 2018. Sequentially, results improved from net loss of $13.7 million, or $(0.09) per diluted share. Helix reported Adjusted EBITDA of $30.2 […]

  • 28 February 2017
    Business & Finance, Exploration & Production

    Offshore driller Ensco returned to profit during the fourth quarter of 2016 versus a net loss in the prior-year quarter as its revenues declined due to lower rig utilization.  The driller on Monday reported net profit attributable to Ensco of $39 million for the fourth quarter 2016, compared to a loss of $2.5 billion in […]

  • 3 August 2018
    Exploration & Production

    Black Sea Oil & Gas has completed a two-well exploration drilling program in the XV Midia block, offshore Black Sea.

  • 2 January 2017
    Rules & Regulation

    Emissions regulations have a big impact on the maritime industry. What is coming and are the new standards workable for everybody? Looking back at the last couple of years, the maritime sector has witnessed some definite changes concerning certain types of ship emissions. The most notable example of this was the introduction of the Sulphur […]

  • 8 November 2017

    Sustained low natural gas prices and evolving global supply dynamics are pushing natural gas industry players to innovate and find flexible solutions to meet market needs.

  • 26 October 2016

    In order to support international trade in natural gas, additional liquefied natural gas and FLNG facilities are expected to come online in the next few year, a report by Black and Veatch shows.

  • 29 June 2020
    Business & Finance, Business developments & projects, Exploration & Production

    Romanian oil and gas company OMV Petrom is the winning bidder for an oil and gas exploration block located in the Black Sea, offshore Georgia.

  • 23 August 2017
    Exploration & Production

    OMV Petrom has started drilling operations in the Black Sea, offshore Romania, using GSP’s Uranus jack-up drilling rig. The news was shared by GSP who said the rig move had begun on August 19th, 17:00, with the jack-up reaching the work location the following day. The rig moving and positioning operations were carried out with the support […]

  • 24 July 2018
    Business & Finance

    Helix Energy Solutions returned to profit in the second quarter of the year helped by higher revenues from its Well Intervention and Robotics businesses. 

  • 6 May 2015
    Business & Finance, Operations & Maintenance

    Oslo-listed SeaBird, a seismic data provider for oil and gas companies, has bounced back following the company’s financial restructuring. SeaBird posted net profit of $63.3 million for the first quarter of 2015, compared to net loss of $0.6 million in the corresponding period in 2014. The profit was backed by a non-recurring financial restructuring gain net of […]

  • 1 November 2017
    Business & Finance

    Monaco-based dry bulk shipping specialist Safe Bulkers managed to return to profitability in the third quarter of 2017, after seeing losses for an extended period. In the three months ended September 30, the company’s net income reached USD 6.7 million as compared to net loss of USD 24.5 million reported during the same period in […]

  • 25 March 2016
    Business & Finance

    Despite historically low container shipping rates, Israel’s cargo shipping company ZIM Integrated Shipping Services managed to stay in the black with an annual net income of USD 6.5 million seen in 2015, compared to a net loss of USD 198.1 million recorded a year earlier. The company’s operating cash flow at the end of the year […]

  • 29 August 2014
    Business & Finance

    OAO Sovcomflot (SCF), Russia’s largest shipping company, has managed to accrue the net profit of USD 63.6 million for the first six months of 2014, a far cry from the 1H 2013 loss of USD 14.5 million, largely due to improved crude oil market dynamics during the first half of the year.  SCF’s interim report has revealed that: […]