Oslo-listed BW Offshore – which suffered a deadly explosion on one of its FPSOs last week – logged a profit of $12.7m in the fourth quarter, down from $24.2m a year ago.
For the full year, the company booked a gain of $225.4m, well clear of the $117.5m seen in 2013.
BW Offshore says a decline in the price of oil has changed the short-term demand picture for its services, making it uncertain.
Its
