Offshore

Solstad Offshore ends Q2 with deficit despite record operating result

Losses on debt in US dollars have turned a record operating result into a devastating deficit for Solstad Offshore during Q2. However, the company leadership expects better prospects for oil, gas and renewable energy later this year.
Photo: Solstad Offshore
Photo: Solstad Offshore
by JENS THOMSEN

Despite a significant advancement in terms of its returns and operating result, Solstad Offshore ended Q2 with a deficit due to the company’s debt in US dollars.

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