Search results for: q4-2015

234297 results

A list of search results

  • 12 November 2015
    Business & Finance, Operations & Maintenance, Technology

    Berlin-headquartered conglomerate Siemens AG saw its bottom line for the fourth quarter of 2015 boosted by EUR 72 million net profit recorded in the company’s wind power and renewables arm. Siemens added EUR 2.716 billion of new orders through the wind power and renewables department in the quarter ended September 30, a 50% increase compared to EUR 1.81 […]

  • 2 February 2017
    Business & Finance, Equipment

    Geophysical contractor TGS has posted fourth-quarter 2016 net profit of $24 million, compared to net loss of $121.5 million in the same period in 2015. This comes down to quarterly earnings per share (fully diluted) of $0.23, against $1.19 loss per share same time last year. For the full year 2016, TGS recognized profit of […]

  • 15 February 2016
    Business & Finance, Operations & Maintenance

    Oslo-listed seismic player, Petroleum Geo-Services (PGS), has posted net loss of $334.6 million for the fourth quarter of 2015, compared with $93.6 million loss in the corresponding period in 2014. In the fourth quarter of 2015, the company generated revenues of $229.3 million, down some 47 percent, when compared to $430.1 million a year earlier. Full-year revenues were […]

  • 3 January 2017

    Norwegian seismic player, Petroleum Geo-Services (PGS) has seen a further vessel-activity drop in the fourth quarter of 2016. In the Q4 the vessel utilization on the contracted basis was 25 percent compared to 40 percent in the corresponding period in 2015. On the multi-client seismic basis, the vessel utilization was 27 percent, compared to 33 percent […]

  • 2 February 2016
    Business & Finance, Operations & Maintenance

    Seismic contractor TGS has posted fourth-quarter 2015 net loss of $121.5 million, compared to net income of $32 million in the same period in 2014. Earnings per share (fully diluted) were $-1.19, down from $0.31 in Q4 2014. The Oslo-listed company reported net revenues of $132 million in Q4 2015, versus $298 million for the […]

  • 23 December 2014
    Business & Finance

    BW Offshore has received a one year contract extension for the lease and operation of the FPSO Umuroa. The FPSO is operating on the Umuroa field offshore New Zealand for AWE. The firm period has been extended to Q4 2016 (from Q4 2015).

  • 17 February 2017
    Business & Finance

    Norwegian seismic player, Petroleum Geo-Services (PGS), reported a net loss for the fourth quarter of 2016 of $156.1 million versus $334.6 million in the prior year. The company’s net loss before tax for Q4 2016 was $118.7 million, compared to $357.1 million in the fourth quarter of 2015. PGS also recorded a lower revenue of $154.1 […]

  • 8 September 2016
    Authorities & Government, Operations & Maintenance, Research & Development, Storage

    Generation from the UK’s offshore wind farms rose by 10 per cent in the first quarter of 2016, from 4.7 TWh in the first quarter of 2015 to 5.1 TWh , with the impact of increases in capacity exceeding that of lower wind speeds, according to the data published by the UK government. Despite higher […]

  • 27 February 2017
    Business & Finance, Operations & Maintenance

    Norwegian offshore vessels provider, GC Rieber Shipping, has reported total profit of NOK 52.6 million in the Q4 2016, compared with a loss of NOK 400.1 million in the Q4 2015. The Oslo-listed firm generated operating income of NOK 34.5 million in the fourth quarter of 2016. This result compares with approximately NOK 35.4 million same time […]

  • 17 November 2015
    Business & Finance, Equipment, Operations & Maintenance

    Seismic contractor TGS will reduce its global workforce capacity by some 130 people, corresponding to around 16 per cent of its total workforce. According to Oslo-listed company, this would reduce operating expenses by approximately USD 13 million per annum from the beginning of 2016. “This was a very difficult decision and we are committed to assure that the employees […]

  • 18 November 2015
    Business & Finance

    Norwegian multi-client geoscience data provider TGS-NOPEC Geophysical Company (TGS) decided to cut its global workforce by 130 people, corresponding to around 16 percent of the total workforce. Due to the continued weak market conditions, the company took the step as a measure of implementing global cost reduction and efficiency plan, and said that the move will reduce operating expenses by […]

  • 2 March 2016
    Business & Finance

    Island Offshore, a subsidiary of Edison Chouest Offshore and Ulstein, reported revenue of NOK 508 mill in Q4 2015, down from NOK 711 million in Q3 2015, and also lower than the same quarter last year. Fleet utilization in Q4 was 68% including vessels in lay-up. Revenue from the PSV fleet increased in Q4 compared to previous quarters […]

  • 17 September 2015
    Operations & Maintenance

    FAR Limited and its Senegal joint venture partners have begun a new 3D seismic survey over its Sangomar Deep, Sangomar and Rufisque permits, offshore Senegal. The Polarcus Adira 3D seismic vessel will acquire data in the north and east parts of the permits along trend from existing mapped prospects where there is currently no 3D seismic data coverage. […]

  • 17 November 2015

    Norwegian marine seismic data acquisition company TGS will lay off more workers “in order to further improve organizational efficiency and competitiveness.” Citing weak market conditions, TGS said that the company’s global headcount will be cut by around 130 people, or 16 percent of the total workforce. By cutting the headcount, TGS expects to reduce operating […]

  • 10 November 2016
    Business & Finance, Operations & Maintenance

    Siemens Wind Power and Renewables recorded an 84% rise in profit in the fourth quarter of the Fiscal Year 2016 despite a 56% slide in orders received compared to the fourth quarter of 2015. The profit in the company’s renewables division was EUR 132 million in Q4 FY 2016, compared to EUR  72 million reported […]

  • 4 August 2015
    Business & Finance

    Marine seismic data acquisition specialist Polarcus has received a Letter of Intent (“LOI”) from an undisclosed client for a 3D marine seismic project utilizing Polarcus’ RightBAND(TM) technique for broadband data acquisition. The Dubai-based company said that the project, subject to the execution of a service contract, will begin in Q4 2015. The project is expected to […]

  • 13 November 2015
    Operations & Maintenance

    Magseis, a Norwegian geophysical company, has received a Letter of Award to conduct seabed seismic acquisition outside the North Sea. The survey will be undertaken using the company’s proprietary MASS system and the DP 2 class vessel ‘Artemis Athene’. The crew will mobilise directly from the recently completed Barents Sea multi-client survey. According to the company, the […]

  • 12 July 2013

    Star Bulk Carriers Corp. (Star Bulk), on July 5, entered into agreements with Shanghai Waigaoqiao Shipbuilding Co. Ltd. (SWS) shipyard for the construction of two 180,000 DWT eco-type, fuel-efficient Capesize drybulk vessels to be delivered in Q4 2015 and Q1 2016, respectively. In addition, the Company has entered into letters of intent, which are subject […]

  • 4 August 2015
    Operations & Maintenance, Project & Tenders

    Polarcus Limited has received a Letter of Intent (“LOI”) from an undisclosed client for a 3D marine seismic project. According to the Oslo-listed company, Polarcus will use its RightBAND technique for broadband data acquisition. The project, subject to the execution of a service contract, will start in Q4 2015 and is expected to run for approximately 85 days. […]

  • 7 September 2015
    Operations & Maintenance, Project & Tenders

    Polarcus has received a Letter of Award from Shell Myanmar Energy PTE Ltd for a 3D marine seismic project offshore Myanmar. The project is currently expected to start in Q4 2015, Polarcus wrote in a press release. Commenting on this award, Duncan Eley, COO Polarcus, said: “With this award from a returning customer, the Company continues to strengthen […]

  • 19 July 2016
    Business & Finance

    Ocean Power Technologies (OPT) has reported a slight decrease in net loss for the fiscal year 2016 in the amount of $0.1 million, compared to a year before.

  • 18 March 2014
    Business & Finance

    Pacific Radiance Group has exercised options for two additional ULSTEIN’s PSV designs. In September 2013, Pacific Radiance Group announced the order for two platform supply vessels of the ULSTEIN PX121 design for construction at Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS Offshore). The contract included options for two more vessels, and the options are now […]