EMGS in financial straits

Electromagnetic Geoservices (EMGS) is set for a third-quarter revenue boost from multi-client data sales in the Barents Sea - but could be forced to take financial action such as asset sales as it is left with only one operational vessel.

Laid-up: EMGS' BOA Thalassa
Laid-up: EMGS' BOA Thalassa
Published 6 October 2016, 07:49Updated 25 October 2016, 15:10
Europe