HOUSTON: Helix Energy Solutions Group Inc (HLX.N) on Wednesday reported a third-quarter profit of $22.1 million, or 15 cents per diluted share, reversing a loss of $2.6 million in the prior quarter, as robust performance in its Robotics and Shallow Water segments offset offshore headwinds. The Houston-based offshore energy services firm posted adjusted EBITDA of…
Tag: oilfield services
Oceaneering Q3 profit surges 73%, beats EBITDA guidance on strong segment performance
HOUSTON: Oceaneering International Inc (NYSE:OII) on Wednesday reported a 73% jump in third-quarter net income, driven by solid execution across its business segments and higher-margin backlog conversion in Manufactured Products. The Houston-based subsea engineering and services firm posted net income of $71.3 million, or 71 cents per share, up from $41.2 million a year earlier….
Upland Resources Limited signs asset acquisition agreement with Vanguard Drilling Limited
LONDON: Upland Resources Limited has signed an Asset Acquisition Agreement with Vanguard Drilling Limited (“Vanguard”) regarding the proposed acquisition of Vanguard’s proprietary intellectual property, advanced drilling management systems, and the integration of select senior personnel into Upland’s operational structure. This agreement represents a significant development in Upland’s evolution into a fully integrated, technically capable operator in Southeast…
SLB posts steady second-quarter revenue as global market holds firm
HOUSTON: SLB (NYSE: SLB) reported second-quarter revenue of $8.55 billion, a 1% sequential increase, as steady demand across international markets offset regional slowdowns and subdued upstream spending. The oilfield services provider posted net income of $1.01 billion on a GAAP basis, with diluted earnings per share of $0.74—up 28% sequentially but 4% below the prior-year…