Middle East OSV player Topaz Energy and Marine has cut its second quarter loss as revenue increased.
The company said the net deficit was $1m, against $10m in the same period of last year.
Revenue jumped to $85m from $57m, with growth supported by increasing investment by energy companies in exploration, production and development.
Overall core fleet utilisation stood at 86% with significant improvements in the MENA and Africa regions, it said.
