Overview page containing news articles

Q1 2020

List of the highlighted articles

Posted: 4 months ago

Axxis Geo Solutions swings to profit

Ocean bottom node seismic player Axxis Geo Solutions has returned to profit as revenues hiked close ...

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months ago

Reach Subsea sees quarterly deficit grow

Norwegian contractor Reach Subsea has widened its quarterly loss against prior-year comparable perio...

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months ago

DOF Subsea books NOK 1.5 billion loss

DOF Subsea has reported loss in Q1 2020 of NOK 1.5 billion, against NOK 25 million in Q1 2019. Earni...

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 5 months ago

More red ink for Mermaid

Subsea and drilling services provider Mermaid has reported net loss of $10.3 million for the three-m...

Categories:
  • Business & Finance
Posted: 5 months ago
Posted: 5 months ago

SeaBird stays in red despite revenue boost

Oslo-listed SeaBird has recognized net loss of $0.3 million for Q1 2020, against net loss of $0.4 mi...

Categories:
  • Business & Finance
Posted: 5 months ago
Posted: 5 months ago

TGS sinks on bottom line, cuts costs and investing

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

Categories:
  • Business & Finance
Posted: 5 months ago
Posted: 5 months ago

Magseis Fairfield posts quarterly loss

Seabed seismic player Magseis Fairfield has slightly widened its quarterly loss despite major revenu...

Categories:
  • Business & Finance
Posted: 5 months ago
Posted: 5 months ago

Forum sinks deeper in the red

Forum Energy Technologies has recorded loss in the first quarter 2020 of $37 million, or 33 cents pe...

Categories:
  • Business & Finance
Posted: 5 months ago
Posted: 5 months ago

Impairments sink EMGS to wider loss

Norwegian geophysical services company EMGS has seen its first-quarter loss widened on impairment of...

Categories:
  • Business & Finance
Posted: 5 months ago
Posted: 5 months ago

Fugro to downsize workforce by 10 per cent

Dutch subsea and survey specialist Fugro said it will reduce its workforce by up to 10 per cent due ...

Categories:
  • Business & Finance
Posted: 5 months ago
Posted: 5 months ago

Subsea 7 plans cost cuts as loss doubles

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

Categories:
  • Business & Finance
Posted: 5 months ago
Posted: 5 months ago

Aker Solutions slips to quarterly loss

Aker Solutions booked Q1 2020 loss of NOK 742 million, against profit of NOK 149 million same time l...

Categories:
  • Business & Finance
Posted: 5 months ago
Posted: 5 months ago

Ørsted posts strong results, sees no significant impact from COVID-19

Leading offshore wind developer Ørsted reported an operating profit (EBITDA) of DKK 6.8 billion (EUR...

Categories:
  • Business & Finance
Posted: 5 months ago
Posted: 6 months ago

PGS raises cost-cutting as it sinks to wider loss

PGS has seen its Q1 2020 loss widened, mostly on impairments related to library and sale of non-curr...

Categories:
  • Business & Finance
Posted: 6 months ago
Posted: 6 months ago

TechnipFMC books $3.25B loss; cuts execs pay and dividend

TechnipFMC has reported first-quarter 2020 loss of $3.25 billion or $7.28 per diluted share against ...

Categories:
  • Business & Finance
Posted: 6 months ago