PGS remains carefully positive even with red numbers in the fourth quarter of 2020 as revenues fell some 37 per cent. The Oslo-listed seismic player reported quarterly loss of $60 million, or 16 cents per share on revenues of $208 million. This result compares against profit of $10 million on around
Seismic player Polarcus has received notification from the lenders that they no longer support the continuation of the company’s operations. Following the recent loan default, Polarcus’ lenders took control of its vessels and shipholding unit and also replaced the directors of its subsidiaries contr
Seismic contractor PGS has completed GeoStreamer acquisition on 17th Round Blocks in Campos Basin offshore Brazil. Ramform Titan has surveyed additional open acreage to complete PGS coverage of the emerging plays of the outboard Campos Basin. This survey provides the first 3D seismic for Brazil’s 17
Seismic exploration company Shearwater GeoServices said it has secured a marine seismic 3D survey in Southeast Asia. The project should start in the second quarter of this year and last for about two months. It covers approximately 1,500 square kilometres. Shearwater has not disclosed the client nor
Seabed seismic player Magseis Fairfield has won a 4D ocean bottom node monitor survey in the Norwegian North Sea for an undisclosed E&P company. The survey should commence late in the first quarter 2021 and last for approximately 1 month. Magseis Fairfield CEO, Carel Hooijkaas, said: “This project i
Oslo-listed SeaBird has recognised net loss of $3 million for Q4 2020, against net loss of close to $12 million in the same period in 2019. Full-year result was also negative, but improved compared to 2019 ($13 million loss vs. $23.3 million loss). The seismic player, which is targeting seabed minin
Following loan default, Polarcus’ lenders have taken control of its vessels and shipholding unit. On Tuesday this week, Marine seismic player said it had defaulted on debt payments and that it will halt all interest and installment payments to finance providers. That same day, the company’s shares f
Marine seismic player Polarcus said on Tuesday it has defaulted on debt payments and that it will halt all interest and installment payments to finance providers. As a result, the company’s shares fell over 30 percent before the Oslo Stock Exchange stopped trading on Tuesday morning. During these di
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted the T/30P environmental plan from Beach Energy for a geophysical, geotechnical and 2D seismic survey activity in the Otway Basin. This survey should take 28 days within the period 1 February
Inpex plans to carry out a 2D seismic survey of two exploration permits in the Browse and Canning Basins offshore Western Australia. The survey includes exploration permits WA-532-P and WA-533-P in the Browse and Offshore Canning Basins. The 2D seismic survey will also include the acquisition of sei
Seabed seismic player Magseis Fairfield said it has wrapped up acquisition project offshore Mexico. This marked the end of the first ever deepwater ocean bottom node (OBN) survey acquired in Mexico. Magseis Fairfield announced this project for an undisclosed client end-March last year. The work kick
Ocean bottom node seismic player Axxis Geo Solutions (AGS) is looking to address its debt situation and improve its balance sheet through a capital restructuring. The Oslo-listed company said it has over some time been in active dialogue with its current stakeholders and other strategic and financia
Oslo-listed seismic player TGS has launched the Espirito Santo multi-client 3D seismic survey offshore Brazil. This survey should broaden the region’s 3D coverage while adding to the extensive offshore seismic library. It is a dual-azimuth survey, covering 2,694 square kilometres area. For the purpo
ASX-listed Beach Energy, as the operator of retention leases T/RL2, T/RL4 and T/RL5 in the Commonwealth waters of Bass Strait, is proposing to undertake the Prion 3D marine seismic survey over these leases. The purpose of the Prion 3D survey is to acquire geophysical data to gain deeper knowledge of
