Search results for: fourth quarter 2016

200161 results

A list of search results

  • 24 February 2017
    Business & Finance, Operations & Maintenance

    Oslo-listed SeaBird has seen more red ink in the fourth-quarter 2016, on sharp revenue drop due to lower utilization and reduced fleet size. The seismic data provider for oil and gas companies posted loss of around $6.9 million or $2.25 per diluted share for the fourth quarter of 2016, compared to net loss of $6.5 million […]

  • 28 February 2017

    Cheniere Energy posted a fourth-quarter 2016 net income of US$109.7 million, from a net loss of $291.1 million in the corresponding quarter in 2015.

  • 24 February 2017
    Business & Finance

    Oslo-listed Solstad Offshore has recognised loss of close to NOK 1.5 billion ($180 million) for the fourth quarter of 2016, compared to loss of NOK 1.35 billion ($162 million) from the prior-year comparable period. The Norwegian vessel owner has, similar as at the end of 2015, booked fleet-related impairments and written down the booked value of its fleet by […]

  • 9 February 2017
    Business & Finance, Equipment, Operations & Maintenance

    Subsea engineering specialist Oceaneering has reported a net loss of $11.0 million, or $(0.11) per share, on revenue of $488 million for the three months ended December 31, 2016. During the corresponding period in 2015, Oceaneering reported net income of $25.7 million, or $0.28 per share, on revenue of $722 million. Adjusted net income in […]

  • 10 February 2017
    Business & Finance, Equipment

    Forum Energy Technologies recorded net loss in the fourth quarter of $13 million, or $0.14 per diluted share, compared to net loss of $167 million, or $1.81 per diluted share, for the prior-year period. Sequentially, net loss also narrowed from $18 million, or 20 cents per diluted share. The Houston-based oilfield products company generated revenue […]

  • 24 February 2017
    Business & Finance, Operations & Maintenance

    Saipem has plunged deeper into the red as longer-than-expected market recovery led to massive writedowns and reorganisation costs for the Italian oilfield services player in 2016. The company has recorded net loss of €2.1 billion for the twelve months of 2016, of which €162 million in the fourth quarter. Full-year result has seen Saipem’s losses widen from €806 […]

  • 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 […]

  • 24 February 2017
    Business & Finance

    Offshore ultra-deepwater driller Pacific Drilling expects that first signs of improving demand for the offshore drilling rigs will lead to dayrate recovery in 2019. For the last quarter of 2016, the driller posted a bigger loss when compared to the year-before period.  The driller on Thursday reported a net loss for the fourth quarter 2016 […]

  • 2 February 2017
    Business & Finance

    Oil major Royal Dutch Shell posted a 44 percent drop in earnings for the fourth quarter of 2016 compared to the year-before period.  The company on Thursday reported its fourth quarter 2016 CCS earnings attributable to shareholders of $1.03 billion, 44% lower than for the same quarter a year ago and earnings of $1.8 billion. […]

  • 12 February 2018
    Business & Finance, Equipment, Operations & Maintenance

    ION Geophysical has reported revenues of $57.9 million in the fourth quarter 2017, a 64% increase compared to revenues of $35.4 million one year ago. ION’s net loss was $1.4 million, or $(0.12) per share, compared to a net loss of $6.5 million, or $(0.55) per share in the fourth quarter 2016. Excluding special items […]

  • 10 March 2017
    Business & Finance, Exploration & Production

    Drilling contractor Paragon Offshore posted a deeper net loss for the fourth quarter 2016 compared to the prior-year fourth quarter due to jack-up rig impairments. The driller on Friday reported fourth quarter 2016 net loss of $244.4 million, as compared to fourth quarter 2015 net loss of $23.3 million. According to the company, results for […]

  • 28 February 2017
    Business & Finance

    Norway-based FPSO provider BW Offshore narrowed its net loss during the fourth quarter 2016 amid impairments of $223 million.  Net loss for the fourth quarter 2016 was $114.4 million, a negative movement of $103.2 million compared to the net loss of $11.2 million in the third quarter of 2016. However, the company’s net loss was smaller when […]

  • 27 January 2017
    Business & Finance

    U.S. oil major Chevron returned to profit during the last quarter of 2016 compared to a loss in the prior-year quarter.  The company on Friday reported earnings of $415 million for the fourth quarter 2016, compared with a loss of $588 million in the 2015 fourth quarter. Foreign currency effects increased earnings in the 2016 […]

  • 9 February 2017
    Business & Finance, Exploration & Production

    Prosafe, an operator of accommodation rigs known as flotels, narrowed its loss during the fourth quarter 2016 and saw an increase in revenues while expecting the market to pick up next year.  For the fourth quarter of 2016, the company on Thursday posted a net loss of $32.7 million, which was smaller than the net […]

  • 9 February 2017
    Business & Finance, Equipment, Operations & Maintenance

    Electromagnetic Geoservices (EMGS) posted loss for the fourth-quarter 2016 of $15.1 million, improving from $24.1 million loss in the same period last year. For 2016, the company reported loss of $52.1 million, against loss of $76.7 million in 2015. EMGS generated revenues of $12.0 million in the fourth quarter 2016, down from $20.5 million in the fourth quarter 2015 […]

  • 21 February 2017
    Business & Finance

    Marine seismic player Polarcus saw lower revenues, vessel impairments, and other charges during the fourth quarter 2016 but posted a smaller net loss when compared to the year-before period.  Polarcus’ net loss for the fourth quarter 2016 was $97 million, compared to $289.2 million net loss in the same period of 2015. The prolonged weak […]

  • 2 February 2017
    Business & Finance

    U.S. energy company ConocoPhillips narrowed its loss for the fourth quarter 2016 when compared to the same period in 2015.  The company on Thursday reported a fourth quarter 2016 net loss of $35 million, compared with a fourth quarter 2015 net loss of $3.5 billion. Excluding special items, fourth-quarter 2016 adjusted earnings were a net loss […]

  • 7 February 2017
    Business & Finance

    Norwegian oil company Statoil widened its loss during the fourth quarter of 2016 mainly due to impairment charges.  The company on Tuesday reported that its net loss was $2.79 billion during the fourth quarter 2016, compared to $1.12 billion loss in the fourth quarter of 2015. Statoil’s net operating income was negative $1.897 billion in the […]

  • 28 February 2017
    Business & Finance

    Houston-based oilfield services company Dril-Quip recorded a lower profit and revenues during the fourth quarter 2016. The company reduced its headcount during the first quarter of 2017 while expecting it to be its most challenging quarter of the year.  Dril-Quip on Tuesday announced net income of $1.3 million for the three months ended December 31, 2016, versus […]

  • 16 February 2017
    Business & Finance

    Marathon Oil on Wednesday posted a wider net loss for the fourth quarter 2016 due to a tax-related charge and said it would double its capital spending for 2017.  In a quarterly report on Wednesday, the company posted a fourth quarter 2016 net loss of $1.37 billion. This compares to $793 million net loss in […]

  • 5 January 2018
    Business & Finance

    Electromagnetic Geoservices (EMGS) has recorded a significant drop in vessel activity in fourth quarter 2017 compared to the same period in 2016. Vessel utilization for the fourth quarter 2017 was 13% compared with 89% in the fourth quarter 2016. For the full year 2017, the vessel utilization was 56%, whereas the utilization for the full year […]

  • 8 May 2017
    Business & Finance, Exploration & Production

    Offshore ultra-deepwater driller Pacific Drilling sank deeper into the red during the first quarter of 2017 while its revenues almost halved during the period when compared to the year-before quarter.  The driller on Friday posted a net loss for the first quarter 2017 of $99.8 million, compared to net loss of $43 million for the […]