The Oslo-listed floater contractor posted a net loss of $4.4 million for the three months to the end of June, down from a profit a year earlier of $19.6 million.
Revenues dropped from $243.7 million to $172.5 million, with the loss of hire from the Cidade de Sao Mateus floating production, storage and offloading unit, which came off hire in mid-May in Brazil, and down time due to the shutdown of the BW Pioneer, which suffered subsea mooring system issues.
Operating
