Forum Books $533M Loss

October 25, 2019

Forum Energy Technologies has recorded loss in the third-quarter 2019 of $533 million, or $4.83 per diluted share, compared to loss of $3 million, or $3 cents per diluted share, for the prior-year...

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Schlumberger Takes Major Impairments Hit

October 18, 2019

Schlumberger has seen red in the third quarter 2019 on major impairments on goodwill and assets. The oilfield services giant recognized Q3 2019 loss of close to $11.4 billion, or $8.22 per share, on...

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Subsea Setback for TechnipFMC

February 21, 2019

TechnipFMC has reported fourth-quarter 2018 loss of $2.26 billion or $5 per diluted share. The UK-based energy services giant booked total quarterly after-tax charges and credits of $2,22 billion, or...

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Forum Sinks on Impairments

February 08, 2019

Forum Energy Technologies recorded loss in the fourth-quarter 2018 of $384 million, or $3.52 per diluted share, compared to profit of $49 million, or 45 cents per diluted share, for the prior-year...

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PGS Sinks Deeper on Impairments

February 01, 2018

Petroleum Geo-Services (PGS), reported net loss for the fourth quarter ended December 31, 2017 of $195 million versus $156 million in the prior-year quarter. Basic loss was 58 cents per share,...

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Eidesvik Sinks Deeper into Red

February 28, 2017

Norwegian vessel owner Eidesvik Offshore has posted quarterly loss as it recognised fleet impairment charge and its revenues plunged by close to 40 percent in the weak market. In the fourth quarter...

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Impairments Plunge Maersk Supply Service into Red

February 08, 2017

Offshore marine contractor Maersk Supply Service has recorded a loss (continuing operations) of USD 1.2 billion in 2016 against profit of USD 147 million in 2015. The underlying loss was USD 44...

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Impairments Sink Eidesvik

November 15, 2016

Norwegian vessel owner, Eidesvik Offshore, has posted quarterly loss as it recognised fleet impairment charge and its revenues plunged by some 35 percent in the weak market. In the third quarter...

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McDermott Profit Beats Expectations

July 27, 2016

McDermott reported better-than-expected second-quarter and half-year 2016 earnings results, despite revenue drop and vessel-related impairment charges. The Houston-based company posted quarterly net...

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Ezra Takes Q2 Loss

April 18, 2016

Ezra Holdings has booked a loss in the second quarter as the weak market drove the revenues down forcing the Singapore-based offshore contractor to recognise impairments and write offs of bad debts....

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Impairments Sink SapuraKencana

March 25, 2016

Malaysian oil and gas services provider, SapuraKencana Petroleum, has plunged into loss in the fourth quarter ended January 31 on high impairments related to oil market downturn which also pulled the...

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Impairments Hit Polarcus Result

February 29, 2016

Seismic contractor, Polarcus has posted quarterly loss as it took high impairment charges and 22 percent revenues drop due to the weak market. The Oslo-listed company reported net loss for the...

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Impairments Drag Solstad into Red

February 24, 2016

Oslo-listed Solstad Offshore, has recorded a loss of NOK 1.34 billion ($155.7 million) for the fourth quarter of 2015 due to fleet value write-downs and currency losses. Namely, Solstad has decided...

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Helix Plunges into Red

February 23, 2016

Offshore services player, Helix Energy Solutions, has plummeted into loss as it books some $503 million of non-cash pre-tax charges in the fourth quarter 2015. These charges resulted in an after-tax...

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