Polarcus Limited, a UAE-based seismic acquisition specialist has reported its revenues for the Q1 of USD 144.8 million, up 45% from Q1 2012. The company’s EBITDA was USD 52.9 million, up 103% from Q1 2012. Net Cash Flow from operations was USD 40.5 million. In Q1 2013 Polarcus continued to deleverage the Company through the sale of Polarcus [...]
Viper Subsea has seen revenues rise by 60% in the last financial year and is expecting similar or greater increase in this financial year as the innovative Bristol based company continues to enjoy rapid year-on-year growth. Established in 2007 with a remit to provide the subsea oil and gas market with superior consultancy and product [...]
U.S. Senator from Alaska Lisa Murkowski introduced major bipartisan legislation yesterday with Senator Mary Landrieu (D-LA) to ensure that all states receive a fair and equitable share of the revenues from energy production on federal lands and waters. The Fixing America’s Inequities with Revenues (FAIR) Act would give 27.5 percent of revenue from offshore energy development, including [...]
Atwood Oceanics has reported a net income of $95.5 million on revenues of $252.5 million for the quarter ended September 30, 2012, which is an increase when compared to net income of $72.9 million, on revenues of $177.6 million for the same period in 2011. For the twelve months ended September 30, 2012, the Houston-based [...]
Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 109 million, including a net positive effect of NOK 42 million from the sale of EPC Center in Houston. Excluding the effect from the sale, the EBITDA margin was 2.8 percent in the quarter. The order backlog amounted to NOK 21 788 million. “The [...]
Bourbon, a leader in offshore oil and gas marine services, released First Half 2012 Results. “Against the backdrop of a continuing favorable market environment. BOURBON reports growth in line with the BOURBON 2015 Leadership Strategy plan. as the positive impact of the increase in average daily rates applies to an expanding fleet”, says Christian Lefèvre, BOURBON’s [...]
Ramboll’s revenue grew by 11% to DKK 3.9 billion during the first six months of 2012. Operating profit before goodwill amortisation (EBITA) was DKK 231 million, which was 63% higher than the same period last year. Denmark’s Ramboll achieved all-time high revenue of DKK 3,886 million during the first six months of 2012 (DKK 3,504 [...]
Polarcus Limited, a UAE-based owner of hi-tech seismic fleet has announced second quarter 2012 financial results. The second quarter 2012 was characterized by improved market conditions. This was reflected in the high utilization of 89% in the quarter. Revenues increased largely due to having two more vessels in operation and profitability rose as a function [...]
Polarcus Limited, a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole has announced the release of its first quarter 2012 financial statements. The first quarter 2012 was characterized by a continuation of the soft market conditions evidenced in the fourth quarter 2011. This [...]
Hercules Offshore, Inc. today reported a loss from continuing operations of $38.3 million, or $0.28 per diluted share, on revenue of $143.3 million for the first quarter 2012, compared with a loss from continuing operations of $13.6 million, or $0.12 per diluted share, on revenue of $159.4 million for the first quarter 2011. John T. [...]
