Seismic survey vessel company PGS has reduced its second quarter loss as it senses an improvement in market sentiment.
The Oslo-listed owner's net deficit was $51.8m, compared to $63.8m in the same period of 2015. Revenue fell to $183 from $256m.
“With the gradual recovery of the oil price from its lows in early Q1, we are starting to see early signs of a stabilizing market and improving sentiment," said CEO Jon Erik Reinhardsen.
"The
