1Q - Offshore Energy

over 3 years ago

Odfjell Drilling narrows loss despite lower revenues

Offshore driller Odfjell Drilling narrowed its net loss for the first quarter of the year despite lo...

over 3 years ago

One-off gains boost Farstad profit

Norwegian shipping company Farstad Shipping increased its profit during the first quarter of the yea...

over 3 years ago

Island Offshore revenues impacted by lay-up

Norwegian shipping company Island Offshore posted a loss for the first quarter of the year and reduc...

over 3 years ago

Seadrill makes headway with restructuring plans

Offshore driller Seadrill has said it has made progress with its restructuring plans which may invol...

over 3 years ago

Sevan Marine cuts quarterly loss. Expects this year to ‘remain challenging’

Sevan Marine, a Norwegian provider of cylinder platform design, narrowed its net loss during the fir...

over 3 years ago

Deep Down returns to profit

Houston-based oilfield services company Deep Down went from red to black during the first quarter of...

over 3 years ago

Challenging market for supply vessels lingers on, Eidesvik says

Eidesvik Offshore, a Norwegian owner of offshore support and construction vessels, sees no improveme...

over 3 years ago

CGG seeks stakeholder support amid financial restructuring

French geophysical services company CGG is seeking stakeholder support for its financial restructuri...

over 3 years ago

Higher oil prices push Maersk Oil back to black in 1Q

Danish oil company Maersk Oil has recorded a profit in the first quarter of 2017, stating higher oil...

over 3 years ago

North Sea rig utilization to reach historic low in 2017, Songa says

Drilling contractor Songa Offshore posted a smaller profit for the first quarter of the year despite...

over 3 years ago

Maersk Supply Service first quarter loss deepens

Danish offshore shipowner Maersk Supply Service (MSS) has posted a deeper net loss for the first qua...

over 3 years ago

Prosafe: More scrapping needed for offshore accommodation market recovery

Further scrapping and industry restructuring, in addition to activity increase, will be needed for t...

over 3 years ago

Oil price recovery brings Eni back to profit

Italian oil company Eni returned to profit during the first quarter of 2017, versus a loss in the ye...

over 3 years ago

Atwood scraps semi-sub rig as red ink spills

Offshore drilling contractor Atwood Oceanics has sold one of its semi-submersible drilling rigs for ...

over 3 years ago

Aker Solutions profit, revenues hit by market slowdown

Norwegian oil services company Aker Solutions saw a decrease in profit as well as revenues for the f...

over 3 years ago

Kosmos cuts losses, slashes capex after ‘refining’ work program

American oil and gas company Kosmos Energy tightened its net loss during the first quarter 2017 boos...

over 3 years ago

Kvaerner sees signals of upcoming market balance

Following a prolonged slump in oil prices, Kvaerner, a Norwegian provider of engineering, procuremen...

over 3 years ago

More red ink for Pacific Drilling

Offshore ultra-deepwater driller Pacific Drilling sank deeper into the red during the first quarter ...

over 3 years ago

Shell’s 1Q profit soars

Royal Dutch Shell has reported a sharp rise in its first quarter profit, boosted by chemicals and up...

over 3 years ago

BP’s profit triples on higher oil prices, output

By Ron Bousso and Karolin Schaps LONDON (Reuters) – BP’s profit nearly tripled in the fi...

over 3 years ago

Chevron back to black in 1Q

Oil giant Chevron returned to profit in the first quarter of 2017 due to cost cuts and increase in c...

over 3 years ago

Higher oil prices more than double ExxonMobil profit

U.S. oil major ExxonMobil saw a 122 percent increase in its first quarter 2017 earnings, compared to...

over 3 years ago

Aker BP profit helped by production increase

Norwegian E&P player Aker BP more than doubled its profit in the first quarter of 2017 helped by...

over 3 years ago

TechnipFMC posts profit in first quarter following merger

Newly-formed oil and gas services firm TechnipFMC reported Thursday a $190.8 million net profit in i...

over 3 years ago

Subsea 7 sees 20 pct increase in revenues

Subsea engineering, construction and services company Subsea 7 increased its revenues during the fir...

over 3 years ago

Ensco swings to loss in first quarter

UK drilling contractor Ensco went from black to red during the first quarter of 2017 as its revenues...

over 3 years ago

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