Struggling seismic player Polarcus, which last week saw creditors take over its vessels following a debt payment default, on Tuesday said a Cayman Islands court has appointed joint provisional liquidators, after the company's application.'The…
Norwegian seismic surveyor PGS has informed it has completed the survey of additional open acreage to complete PGS coverage of the emerging plays of the outboard Campos Basin, offshore Brazil.Per PGS, the survey, carried out by the Ramform Titan seismic vessel…
Lenders of the troubled marine seismic contractor Polarcus, which last week took control of the company's vessels after a debt payment default, will sell Polarcus' vessels and all the employees will be let go.Banks last week tool control of Polarcus' subsidiaries that own seismic vessels…
Marine seismic player Magseis Fairfield has been awarded a 4D Ocean Bottom Node monitor survey in the Norwegian North Sea.The Oslo-listed contractor did not say who the client was, apart from saying it was a 'a major E&P company.'The survey…
Norway-based seismic survey services provider Shearwater GeoServices has won a contract for a marine seismic 3D survey in South East Asia.The company, owned by Rasmussengruppen, GC Rieber Shipping ASA, and Schlumberger, said that the contract was for two months…
Lenders took control of Polarcus' ships on Tuesday after the seismic surveyor defaulted on its bank loans and bonds, hit by a drop in spending by energy companies struggling with the COVID-19 pandemic and volatile oil prices.The company's Oslo…
Dutch offshore services firm Fugro and Japan's NYK have, through a recently signed partnership, signed a strategic Memorandum of Understanding (MOU) with Japanese geoscience specialist OYO Corporation (OYO).To remind, Fugro and NYK in November…
Dutch geotechnical survey services firm Fugro has secured a geotechnical and water consulting contract with Vössing Engineers to support the route planning, permitting, and installation of 106 km of underground power cables on Section 2 of Germany’s new Suedlink powerline…
Germany-based marine data and equipment firm Subsea Europe Services and marine robotics and autonomous systems Cyprus Subsea Consulting and Services, based in Cyprus, have entered strategic cooperation.The cooperation will see the two companies…
Norwegian marine seismic data firm TGS on Wednesday announced the start of the Espirito Santo multi-client 3D seismic survey offshore Brazil.'This survey, covering 2,694 square kilometers, will broaden the region's 3D coverage while adding to the extensive offshore seismic library…
Dutch offshore services company Fugro announced its chief financial officer (CFO) Paul Verhagen has decided to leave the company.Verhagen, who joined Fugro as CFO and member of the Board of Management in 2014, will step down after the annual meeting of shareholders on April 22…
France-based seismic data company CGG has said that its Satellite Mapping group recently completed a high-resolution hydrocarbon seeps study commissioned by the Norwegian Petroleum Directorate (NPD). The aim of the study was to increase petroleum…
Norwegian oil and gas exploration seismic data company PGS has signed an agreement with Uruguay's state oil company ANCAP to reprocess over 11 000 km of existing 2D lines of various vintages, applying the latest seismic imaging techniques.'This rejuvenation will provide new…
Turkey and Greece will resume long-suspended exploratory talks over territorial claims in the Mediterranean Sea that brought them close to conflict last year, on Jan. 25 in Istanbul, the NATO members said on Monday.Ankara and Athens held 60 rounds of talks from 2002 to 2016…
Offshore seismic survey contractor Polarcus has said it has been awarded a letter of award for a survey in Asia Pacific.The seismic survey vessel owner said Wednesday that the letter of award entailed the provision of 3D seismic data acquisition services in the Asia Pacific region…
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