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.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Carsten Mortensen ready for expansion at BW Group
For subscribers
Carsten Mortensen joins BW offshore's board
For subscribers
BW Group boosts chemical fleet with ten vessels
For subscribers
