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Read all the latest news about BW Offshore. ShippingWatch gives you independent, credible, critical and fair news.

BW Offshore finally in the black in second quarter

The BW Group's listed offshore carrier BW Offshore logged a net profit of USD 5.2 million and finally closed a quarter without a deficit for the first time since the second quarter 2015, shows the latest report.

BW Offshore helped by insurance money during rough year

The operating result for the full-year 2016 declined at BW Offshore. The setback was mainly due to losses and expenses related to the wrecked FPSO vessel Cidade de São Mateus. On the other hand, the insurance money from that accident compensates for some of the decline.

BW Offshore settles major insurance payment for fatal accident

Norwegian offshore carrier BW Offshore has, following protracted negotiations, reached agreement concerning its insurance arrangements for FPSO Cidade de São Mateus. The vessel was involved in an accident two years ago in which nine people were killed.

BW Offshore hit with new deficit in depressed market

Norway's BW Offshore suffered setbacks across the board in the third quarter where oil and gas markets are still being kept down by a low oil price. The company has also announced a reverse share split to ensure its place on the Oslo Stock Exchange.

BW Offshore books loss in tough market

BW Offshore's revenue and earnings have dropped significantly in the past year. The market is challenged, and so are the customers, notes the company, which has secured padding through a large financing agreement earlier this year.

BW Offshore heralds additional layoffs

Norway's BW Offshore plans to axe 35 percent of its onshore employees, and the cut positions will not come back, says the company's CFO on Friday, according to Dagens Næringsliv.

600 jobs cut among Norwegian offshore carriers

The crisis in the offshore industry is now showing its ugly side to the Norwegian offshore carriers, where 600 jobs have disappeared in just a few months. The crisis is worse than it seems, says one carrier according to Sysla.

Olieprisen trykkede BW Offshore i første kvartal

Oslo-noterede BW Offshore mærkede olieprisens fald på både omsætning og indtjening i første kvartal i år, ligesom en dødsulykke ombord på et af selskabets skibe trak udgifterne op. Langsigtede kontrakter sikrer, at selskabet ikke taber stort, lyder det fra ledelsen.

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