Search results for: MCG

4033 results

A list of search results

  • 26 May 2014
    Business & Finance, Equipment, Research & Development

    MCG has announced that the company would like to draw particular attention to the newly added blocks in the western part of the Barents Sea APA2014 area. Brand new MC2D data covering this area was acquired and broadband processed in 2013 (MCG1301). This modern dataset in a 4 km x 4 km grid provides a […]

  • 30 March 2017

    Geophysical and geological services company Geoex has completed the voluntary offer to acquire all outstanding shares in the marine seismic data provider MultiClient Geophysical (MCG). Geoex’s voluntary cash offer for all outstanding shares of MCG was made on January 19, 2017, offering NOK 1.40 per share valuating the total share capital of MCG at approximately NOK […]

  • 20 March 2013
    Business & Finance

    MCG announced the commencement of a new multi-client 2D survey, MCG1301, in the southwestern Norwegian Barents Sea. This is the fifth consecutive year MCG acquires multi-client 2D in the western Barents Sea. The survey is a consistent 4×4 km grid and will be around 8,400 km. This will bring MCG’s high quality, long offset, multi-client […]

  • 17 February 2014
    Business & Finance

    Tom Wolden has been appointed as the new CEO of MultiClient Geophysical.  Wolden is currently holding the position as COO, a position he has had since he joined the company in January 2013. Wolden has been in the oil business for more than 30 years, both in the seismic industry and in oil companies. The last 7 years he acted as an […]

  • 20 March 2013
    Business & Finance, Operations & Maintenance

    MCG announces the commencement of a new multi-client 2D survey, MCG1301, in the southwestern Norwegian Barents Sea. This is the fifth consecutive year MCG acquires multiclient 2D in the western Barents Sea. The survey is a consistent 4×4 km grid and will be around 8,400 km. This will bring MCG’s high quality, long offset, multi-client […]

  • 10 February 2017
    Business & Finance

    Following two takeover offers for the marine seismic data provider, MultiClient Geophysical (MCG), the company has decided to recommend the offer made by Geoex Ltd, deeming it fair, and not the one made by Spectrum.  According to MCG’s Oslo Stock Exchange filing on Thursday, the board of directors has unanimously decided to recommend that its shareholders […]

  • 28 July 2015

    MultiClient Geophysical, an international marine seismic data provider, has announced that its vessel has arrived in Mexico and started the acquisition on its 2D Multi-Client campaign offshore Mexico. According to MCG, the program named “Maximus” comprises 31,600 km of seismic lines covering 1, 2, 3 and 4th round blocks in the Campeche Deep Basin, in addition to a regional grid […]

  • 25 January 2017
    Business & Finance

    Spectrum has made an offer to acquire all the issued and outstanding shares in MultiClient Geophysical (MCG) at a consideration of NOK 1.25 per share (offer price). The offer values the total share capital of MCG at NOK 116 million. Prior to Spectrum’s announcement of the offer, Geoex Limited made a voluntary offer on MCG on […]

  • 17 February 2014
    Business & Finance

    MultiClient Geophysical (MCG), a private service company focusing on multi-client 2D and 3D seismic surveys, announces Executive Management changes. The Company’s Chief Operating Officer (COO) Tom Wolden will replace Tor Åkermoen at the position of Chief Executive Officer (CEO), effective of March 1st, 2014. Tor Åkermoen will take Tom Wolden’s position of Chief Operating Officer […]

  • 19 August 2016
    Business & Finance

    Norwegian marine seismic contractor MultiClient Geophysical (MCG) saw its loss deepen during the second quarter of 2016 when compared to the prior-year quarter, due to impairment charges.  The company on Friday posted a net loss of $3.2 million for the quarter, impacted by high amortization and an impairment charge of $4.5 million, versus a loss […]

  • 2 February 2017
    Business & Finance

    Geoex has increased its initial offer for the takeover of MultiClient Geophysical (MCG), a marine seismic data provider, beating Spectrum’s competing offer.  On January 19, 2017, Geoex, a multi-disciplinary geophysical and geological services company, launched an offer to acquire all outstanding shares in MCG at a consideration of NOK 1.20 per share, valuating the total share […]

  • 10 August 2015
    Business & Finance

    MultiClient Geophysical ASA (MCG) has entered into an agreement with Polaris E&E Services Inc. to acquire their Post Stack Reprocessed Atlantic Margin 2D seismic data. According to MCG’s press release, the company will pay Polaris for the transaction through revenue share of futures sales. Financial details were not disclosed. The Atlantic Margin data consists of 166,000 km of reprocessed “open file” vintage 2D seismic data, covering the whole East Coast margin of US, from Canada to South […]

  • 11 November 2016
    Business & Finance

    Norwegian marine seismic data provider MultiClient Geophysical (MCG) narrowed its net loss and boosted revenues during the third quarter of 2016. When it comes to multi-client seismic market, the company claims the worst is behind.  The seismic data provider on Friday posted a net loss $1 million, compared to net loss of $3.8 million in 3Q […]

  • 2 February 2017
    Business & Finance, Equipment

    Geophysical and geological services company Geoex has decided to increase its offer for all outstanding shares of MultiClient Geophysical (MCG) to NOK 1.40 per share. The new offer valuates the total share capital of MCG at approximately NOK 130.0 million. The initial offer made by Geoex was NOK 1.20 per share (share capital of NOK 111.4 […]

  • 20 May 2016

    Marine seismic data provider MultiClient Geophysical (MCG) expects the low demand for seismic data to continue throughout 2016 despite the increase in oil price since mid-February 2016.  In its quarterly report on Friday, MCG said that the oil companies would continue its cost discipline in 2016 reflecting the low oil price and uncertainty in the prediction of future […]

  • 25 January 2017
    Business & Finance

    Spectrum, a provider of multi-client seismic surveys and seismic imaging services, has made a competing offer for the acquisition of the marine seismic data provider, MultiClient Geophysical (MCG). On December 22 Geoex Limited, a multi-disciplinary geophysical and geological services company, announced its plans to launch a voluntary offer to acquire all outstanding shares in MCG. The offer […]

  • 31 July 2013
    Business & Finance

    Funds managed by IK Investment Partners (“IK”) are to acquire a majority stake in Ampelmann, a Dutch-based leading supplier of Motion Compensated Gangway (MCG) systems to the offshore energy sector, from its founders. Financial details for the transaction were not disclosed. Headquartered in Delft, the Netherlands, the company is the leading supplier of MCG systems […]

  • 10 August 2015
    Business & Finance, Project & Tenders

    MultiClient Geophysical ASA (MCG) has entered into an agreement with Polaris E&E Services to acquire its Post Stack Reprocessed Atlantic Margin seismic 2D data. According to the company’s Oslo Stock Exchange filing, MCG will pay Polaris for this transaction through revenue share of futures sales. The Atlantic Margin data consists of 166,000 km of reprocessed “open file” […]

  • 26 June 2015
    Business & Finance

    MultiClient Geophysical ASA (MCG), a Norway-based provider of marine seismic data to oil and gas companies, has appointed Anders Balling Engelsen as the company’s new Chief Financial Officer (CFO). Engelsen comes from the position as Vice President of Equity Transactions at Petroleum Geo-Services in Norway. The company says that the new CFO will start in […]

  • 15 February 2017
    Business & Finance

    Spectrum has decided to withdraw its bid for the takeover of the geophysical company MultiClient Geophysical, after the target company’s board recommended an offer filed by Geoex. Geoex first launched its offer in January to acquire all outstanding shares in MultiClient Geophysical (MCG) at a consideration of NOK 1.20 per share. Spectrum then made a competing […]

  • 8 April 2014
    Business & Finance, Operations & Maintenance, Project & Tenders, Research & Development

    MultiClient Geophysical ASA (MCG) will conduct a Super High-Resolution multi-client 2D (MC2D) seismic survey in the Hoop area, Barents Sea. The survey will provide oil companies with critical, detailed information for the prospect evaluations of the shallow Jurassic and Triassic prospects. The Super High-Resolution survey is approximately 5600 km, and covers most of the blocks included in the public hearing […]

  • 15 February 2017
    Business & Finance

    Norwegian multi-client seismic data specialist, Spectrum, has decided to withdraw the offer to acquire all the issued and outstanding shares in MultiClient Geophysical (MCG). The withdrawal follows the increase of the offer price by Geoex, a company bidding along Spectrum to acquire all outstanding shares in MCG. The important factor in the decision was the announcement by MCG board to recommend to […]