Q4 2017 Q4 2016
Revenue$235.9m$154.1m
Operating costs$395.1m$246.6m
Net loss$194.8m$156.1m

Norwegian seismic survey vessel player Petroleum Geo-Services (PGS) has fallen to a bigger fourth quarter loss as expenses rose.

The owner said the net deficit to 31 December was $194.8m, from $156.1m in 2016.

Revenue rose to $235.9m against $154.1m, but operating costs were $395.1m, partly due to impairments, compared to $246.6m