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Sevan Marine cuts quarterly loss

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

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Deep Down returns to profit

Houston-based oilfield services company Deep Down went from red to black during the first quarter of 2017 compared ...

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Eidesvik: Challenging market for supply vessels lingers on

Eidesvik Offshore, a Norwegian owner of offshore support and construction vessels, sees no improvement in the ...

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CGG seeks stakeholder support amid financial restructuring

French geophysical services company CGG is seeking stakeholder support for its financial restructuring proposal as ...

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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 prices as one ...

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North Sea rig use to reach historic low in 2017

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

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Maersk Supply Service 1Q loss deepens

Danish offshore shipowner Maersk Supply Service (MSS) has posted a deeper net loss for the first quarter of 2017 ...

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More scrapping needed for accommodation market recovery

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

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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 year-before ...

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Atwood scraps semi-sub as red ink spills

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

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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 first quarter of ...

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Kosmos slashes capex after 'refining' work program

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

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Kvaerner expects market decline 'to level out'

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

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More red ink for Pacific Drilling

Offshore ultra-deepwater driller Pacific Drilling sank deeper into the red during the first quarter of 2017 while ...

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Shell’s 1Q profit soars

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

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BP's profit triples on higher oil prices, output

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

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Chevron back to black

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

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Higher oil prices double ExxonMobil profit

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

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Production increase helps Aker BP profit

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

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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 its first ...

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Subsea 7 boosts quarterly revenues

Subsea engineering, construction and services company Subsea 7 increased its revenues during the first quarter 2017 ...

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