PGS to take earnings hit

Market challenges: PGS chief Jon Erik Reinhardsen

Norwegian seismic contractor Petroleum Geo-Services (PGS) has cut its earnings guidance for this year in line with peer players in the face of reduced oil company spending but still sees improved profitability in 2014.

User

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login