Offshore seismic services provider Polarcus is reducing its headcount further by 20 percent, the company said Monday, citing the market uncertainty and bleak near-term outlook caused by low oil prices and COVID-19.Oslo-listed Polarcus had on…
Oil and gas company Neptune Energy on Thursday announced the completion of the acquisition of the 3D broadband seismic survey of the extensive Petrel field located in the Bonaparte basin of Australia.'The 2,900 km2 survey significantly expanded…
Oslo-listed marine seismic services company Polarcus has signed a contract for a survey in the Asia Pacific region.Polarcus said Wednesday that it had received a deal for an XArray marine seismic acquisition project, without disclosing the identity of the client nor the financial details…
TGS, a Norwegian provider of multi-client geoscience data for exploration & production firm, has said it will be starting the Atlantic Margin 20 (AM20) 3D multi-client project as soon as the marine seismic acquisition season gets underway in north-west Europe this summer…
Marine seismic company Polarcus is set to reduce workforce and employees' salaries, and stack survey vessels, as a response to the uncertainty marine seismic industry is facing in the wake of the coronavirus pandemic, and the current low oil prices…
Polarcus Ltd, which operates ships that search for offshore oil and gas, announced two project cancellations that will reduce its fleet utilization next quarter, highlighting the effects of the oil price slump on the energy services sector.Polarcus'…
Oslo-listed provider of offshore seismic surveys Polarcus has seen a seismic contract in Africa terminated, just days after it lost a deal in Asia.Polarcus said Friday that a client in West Africa had decided to cease operations on the project…
Seismic data acquisition company Polarcus has lost a seismic acquisition contract for a project in the Asia Pacific region.The company in December said it had been awarded a four-month marine seismic survey project in the Asia Pacific region with an unnamed client…
Portugal’s Navalrocha shipyard said it has completed a multimillion-euro repair and refit project for Dubai-based marine geophysical company Polarcus.The drydock project which completed in January 2020 involved a broad package of work to the…
Polarcus has begun the latest phase of the Cygnus regional multi-client 3D survey in the Vulcan Sub-basin, offshore north-west Australia, the marine geophysical company announced on Monday.The 1,500-square-kilometer Phase 3 South survey, covering the Skua…
Russian offshore vessel owner Sovcomflot will keep Polarcus’ Vyacheslav Tikhonov seismic vessel contracted for longer than previously agreed.The marine seismic vessel owner Polarcus had in December 2019 said that Sovcomflot would redeliver it the vessel on January 15…
Polarcus has been awarded an XArray marine seismic acquisition project in the Asia Pacific region, the company announced on Monday.According to Polarcus, the work is slated to commence in the second quarter of 2020 with a duration of approximately four months.
Russian shipping giant Sovcomflot (SCF) will not be returning the Vyacheslav Tikhonov seismic vessel to Polarcus as previously agreed.Polarcus Limited, the UAE-based offshore geophysical company operating a fleet of seismic research vessels worldwide…
Polarcus said it has been awarded a seismic acquisition program in Brazil commencing in the third quarter of 2020.According to Polarcus, the 10-month program comprises 4D acquisition in obstructed areas with a multi-azimuth component.
Marine seismic company Polarcus said it has been awarded an XArray marine seismic acquisition project in Malaysia commencing late December 2019 with a duration of approximately four months.Following this award, the Polarcus core fleet is fully booked to early second quarter 2020, the company said.
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