Petroleum Geo-Services ASA : Enhances the Ramform Titan-class Acquisition Platform
The third of four Ramform Titan-class vessels, the Ramform Tethys, was celebrated in a naming ceremony at the Mitsubishi Heavy Industries Shipbuilding Co. yard in Nagasaki, Japan today. PGS’ two first Ramform Titan-class vessels, the Ramform Titan and the Ramform Atlas were delivered in 2013 and 2014 and have delivered …
PGS: 2015 Results
PGS Highlights 2015 Revenues of $961.9 million, compared to $1,453.8 million in 2014 EBITDA of $484.5 million, compared to $702.6 million in 2014 EBITDA margin of 50% in 2015, compared to 48% in 2014, enabled by substantial cost reductions of $318.5 million EBIT, excluding impairments and other charges, of $15.8 …