BW Offshore swings to loss

FPSO operator BW Offshore booked a loss for the second quarter of the year but the company is experiencing improved FPSO market activity. 

According to BW’s report on Friday, the company’s operating revenues for the second quarter of 2018 were $200.2 million compared to $163.4 million in the prior-year period.

The company recorded a net loss of $7.5 million for the second quarter 2018 compared to a profit of $5.2 million in the same period last year.

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