Oil services firm Baker Hughes posted a smaller loss for the first six months of the year.
The company, now part of General Electric, reported revenue of $4.6billion (£3.5billion) for the months January to June 2017.
This was compared to revenues of £3.8billion in the same period last year,
Total net loss for this first half of 2017 was £236million compared to £1.3billion last June.
The half year results do not include the merger with General Electric, which was formalised earlier this month and created the world’s second-largest oilfield service provider by revenue.
Cash flows used in operating activities were £48million, an improvement of £75million from last year.
The company attributed revenue increase in the quarter to improved activity across US operations, a seasonal activity uplift in the Russia Caspian region, process and pipeline business, and North Sea operations, and certain areas of activity growth internationally, such as Mexico, West Africa, and Iraq.
The increase was partially offset by the seasonal spring break-up in Canada, price deterioration in the Middle East, and a large direct sale into China in the prior quarter, not repeating.
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