Posts Tagged ‘oslo-listed’

Rem in $174m subsea deal

by on November 8, 2012 2:19 pm BST
The Oslo-listed player has signed up for the single MT 6022-design unit at compatriot builder Kleven Verft with a price tag of around 600 million Norwegian kroner ($104.56 million).The vessel, which will be 108 metres long, will be delivered in the first quarter of 2014 when it will go on charter

Costs take toll on profits rise for FOE

by on October 30, 2012 9:02 am BST
The Oslo-listed company saw net profit drop 11% year-on-year to Nkr548.5 million ($95.3 million), although revenue was up 13% at Nkr1.9 billion on higher dayrate earnings as well as completion of engineering and fabrication projects at the Harland & Wolff yard including the Sea Rose FPSO drydocking.

Fred Olsen Production sees profits rebound

by on October 26, 2012 9:48 am BST
The Oslo-listed company, which recently initiated a strategic review that could result in a sale, earned quarterly net income of $3.7 million to reverse a loss of $3.8 million a year ago, giving it a $3 million gain for the first nine months versus a loss of $5 million

PGS’ profits surge beats the street

by on October 25, 2012 10:49 am BST
The company reported net income of $86.9 million, compared with $13.5 million a year earlier and versus expectations of $67 million, as revenue increased 14% year-on-year to $388.3 million, mainly due to higher pre-funding of multi-client seismic surveys.Operating profit of $111 million, a rise of 149