Overview page containing news articles

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List of the highlighted articles

Posted: 6 hours ago

Third loss in a row for Baker Hughes

Oilfield services major Baker Hughes has booked $170 million loss in the third quarter of 2020, agai...

Categories:
  • Business & Finance
Posted: 6 hours ago
Posted: 21 days ago

Atlantis slashes losses; Meygen clocks in 33GWh

UK-based Simec Atlantis Energy has seen its loss cut almost by half for the six months ended 30 June...

Categories:
  • Business & Finance
Posted: 21 days ago
Posted: about 1 month ago

OPT books $3.4M quarterly loss

Ocean Power Technologies (OPT) has recorded around 13 per cent increase in net loss for the first qu...

Categories:
  • Business & Finance
Posted: about 1 month ago
Posted: 2 months ago
Premium

Marine seismic industry in numbers after exploration capex slash

The low oil price has led energy companies to scale back near-term investment plans significantly, a...

Categories:
  • Business & Finance
Posted: 2 months ago
Posted: 2 months ago

TechnipFMC quarterly earnings dip

TechnipFMC has reported second-quarter 2020 profit of $12 million or 3 cents per diluted share again...

Categories:
  • Business & Finance
Posted: 2 months ago
Posted: 2 months ago

Subsea 7 sinks to $922 million loss

Subsea 7 has booked a major loss in Q2 2020 on restructuring and impairment charges as well as activ...

Categories:
  • Business & Finance
Posted: 2 months ago
Posted: 2 months ago

Charges and revenue drop drag Schlumberger into the red

Oilfield services major Schlumberger recognised a $3.34 billion loss in the second quarter on $3.7 b...

Categories:
  • Business & Finance
Posted: 2 months ago
Posted: 2 months ago

Helix Energy Solutions earnings drop in Q2

Houston-based offshore services and robotics specialist Helix Energy Solutions has reported profit o...

Categories:
  • Business & Finance
Posted: 2 months ago
Posted: 3 months ago

Aker Solutions remains positive despite loss

Aker Solutions has seen red in the second-quarter 2020, as revenue dropped some 29 per cent and rest...

Categories:
  • Business & Finance
Posted: 3 months ago
Posted: 5 months ago

GC Rieber takes impairment dive

GC Rieber Shipping has seen its quarterly loss widened on Subsea & Renewables fleet impairment a...

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

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: 6 months ago

Seismic industry braces for major revenue drop

Seismic industry will suffer the most as a result of the Covid-19 pandemic and the low oil price. Ac...

Categories:
  • Business & Finance
Posted: 6 months ago
Posted: 7 months ago

Minesto Reports Early Tech Writedowns; But Strong Cash Position

Swedish marine energy developer Minesto has reported net loss for 2019 of close to SEK 126 million (...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

OPT Boosts Revenue

Ocean Power Technologies (OPT) has reported revenue for the third quarter of fiscal 2020 of $725,000...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

TechnipFMC Books $2.4B Loss

TechnipFMC has reported fourth-quarter 2019 loss of $2.4 billion or $5.40 per diluted share. The ser...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

Saipem Reduces Q4 Deficit; Books €12M Profit in 2019

Italian offshore services player Saipem has reported fourth-quarter 2019 loss of €32 million on reve...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

Subsea 7 Hit by Offshore Wind

Engineering and construction specialist Subsea 7 has seen red in the fourth quarter 2019 on activity...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

Impairments Weigh on Oceaneering’s Results

Oceaneering has reported a net loss of $263 million, or $2.66 per share, for the three months ended ...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

Reach Subsea Sinks Deeper in Red

Norwegian contractor Reach Subsea has widened its quarterly loss as utilization of assets fell again...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 8 months ago

DOF Subsea Shrinks Quarterly Loss

DOF Subsea, a wholly-owned subsidiary of DOF Group, reported loss in the fourth quarter of 2019 of N...

Categories:
  • Business & Finance
Posted: 8 months ago
Posted: 8 months ago

Red Ink for Aker Solutions

Norwegian services player Aker Solutions booked Q4 2019 loss of NOK 148 million, against profit of N...

Categories:
  • Business & Finance
Posted: 8 months ago
Posted: 8 months ago

PGS Reports Q4 Profit

Petroleum Geo-Services (PGS), has bounced back in black in the fourth quarter ended December 31, 201...

Categories:
  • Business & Finance
Posted: 8 months ago
Posted: 8 months ago

Baker Hughes Ups Q4 Adjusted Earnings, But Misses Forecast

Baker Hughes has reported profit of $48 million or 7 cents per share on GAAP basis for the quarter e...

Categories:
  • Business & Finance
Posted: 8 months ago