PGS narrows loss as revenues sink on low pricing

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By Offshore Energy Today.. Petroleum Geo-Services (PGS), a marine geophysical company, narrowed its fourth quarter 2016 loss while its revenues dropped by 33 pct due to low contract pricing. In its quarterly report on Thursday, the geophysical company posted a smaller net loss for the fourth quarter of 2016 totaling $156.1 million, versus $334.6 million in the year-before period. PGS’ net loss before […]

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