The year-on-year dive in onshore rig activity in North America also impinged on the result as all business segments turned in weaker results.
Net profit for the three months to the end of September was $32.3 million, well off the $82 million taken a year earlier.
Revenues waned 29% from $1.55 billion to $1.09 billion as subsea revenues sank 27% to $798.4
