
BW Offshore is still losing money in the depressed offshore market.
The Norwegian offshore company suffered a net loss in the third quarter 2016 of USD 11.2 million, compared to a loss of USD 7.3 million in the same quarter 2015, while revenue in the period plunged from USD 308.7 million to USD 159.6 million, shows BW Offshore's interim report Monday.
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