Refinitiv News

Seismic streamers - Image by DedMityay / Source: Adobe Stock

TGS Q4 Revenue Misses Forecast

Norway's TGS, a supplier of seismic data to the global oil industry, reported lower-than-expected fourth-quarter revenue on Thursday.So-called net segment revenue hit $230 million for the October-December period, while analysts on average had expected revenue of $257 million, according to forecasts published by Refinitiv.TGS did not provide a year-ago comparison for the fourth quarter, but said full-year revenue was up 16.2% from 2018 and that the sales outlook for the first quarter of 2020 was "promising".(Reporting by Terje Solsvik; Editing by Himani Sarkar)

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TGS Posts Record Q3 Revenue

now extremely pleased to be able to deliver our best third-quarter sales performance ever, and the second-best quarter in TGS history, with pro-forma net revenues coming in above both our own internal expectations and the average analyst estimate of $263 million," it said.Forecasts published by Refinitiv separately confirmed the average expectation among analysts of $263 million.The company did not provide a year-ago comparison.(Reporting by Terje Solsvik, Editing by Gwladys Fouche and Muralikumar Anantharaman

(Image: Aker Solutions)

Aker Solutions Beats Forecasts

in oil prices that prompted companies to curb offshore projects.Earnings before interest, tax, depreciation and amortization (EBITDA), excluding one-offs, rose to 629 million crowns ($73 million) from 441 million crowns a year earlier.That beat the 585 million crowns expected by four analysts in a Refinitiv poll."There is still a lot of capacity available in some areas, not all," Chief Executive Luis Araujo told reporters."We try not to focus on the pricing, but focus on things we can control, which is the cost base and efficiency," he said.Its EBITDA margin, excluding IFRS 16

Boosting technology from Schlumberger's OneSubsea (File image: Schlumberger)

Schlumberger Sees International Growth in 2019

in 2019.Schlumberger reported fourth-quarter net income of $538 million, or 39 cents per share, compared with a loss of $2.26 billion, or $1.63 per share, a year earlier.Excluding one-time items, the company earned 36 cents per share, in line with analysts' estimates, according to IBES data from Refinitiv.Revenue was flat at $8.18 billion, compared with a year earlier, but beat the average analyst estimate of $8.04 billion.(Reporting by John Benny in Bengaluru; Editing by Arun Koyyur and Jeffrey Benkoe

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