PGS cuts Q3 loss

Petroleum Geo-Services (PGS) narrowed its loss in the third quarter on stable revenue as it sees improved seismic market fundamentals, despite having to lay up another vessel due to weak utilisation.

Sign of turnaround: PGS chief Jon Erik Reinhardsen
Sign of turnaround: PGS chief Jon Erik Reinhardsen
Published 27 October 2016, 08:33Updated 27 October 2016, 08:34
Western Europe