Offshore

BW Offshore under pressure from oil price in first quarter

Oslo-listed BW Offshore was impacted by the decline in the oil price in both revenue and profits in the first quarter this year. Long-term contracts ensure that the company will not suffer big losses, notes management.
BY LOUISE VOGDRUP-SCHMIDT

BW Offshore, of which 50 percent is owned by BW Group and listed on the exchange in Oslo, has presented a first quarter interim report that indicates a minor decline.

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