Q1 2020 - Offshore Energy

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 ...

4 months ago

Reach Subsea sees quarterly deficit grow

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

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...

4 months ago

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...

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...

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...

5 months ago

Magseis Fairfield posts quarterly loss

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

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...

5 months ago

Impairments sink EMGS to wider loss

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

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 ...

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...

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...

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...

5 months ago

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...

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 ...

6 months ago

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