The company said it was introducing a "directional" method of reporting earnings, which "seeks to present revenue and results in line with operating cash flows".
The FPSO builder said its backlog of orders rose 36% to a record level of $22.4 billion. It also raised its full-year revenue outlook to $4.3 billion, up from $4 billion previously.
However, the company continues to be dogged by the Yme debacle.
