Search results for: Nadia

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  • 28 June 2013
    Business & Finance

    Polarcus Limited yesterday entered into an addendum to the sale and lease-back financing arrangements dated 30 June 2008 for Polarcus Nadia and Polarcus Naila. The parties to the arrangement have agreed to amend the charter hire and call options under the terms of the bareboat charter. The current rate of USD 35,000 per day per […]

  • 28 June 2013
    Business & Finance

    Polarcus Limited, a UAE-based seismic acquisition specialist, has today entered into an addendum to the sale and lease-back financing arrangements dated 30 June 2008 for Polarcus Nadia and Polarcus Naila. The parties to the arrangement have agreed to amend the charter hire and call options under the terms of the bareboat charter. The current rate of […]

  • 5 July 2016
    Equipment

    Polarcus, a marine seismic acquisition company, on Tuesday posted its fleet utilization figures for the second quarter of 2016. Utilization for the quarter was 91%, up from 80% in the second quarter of 2015. By category, 76 percent of vessel utilization came from contract seismic, and 15 percent from multi-client, compared to the second quarter of […]

  • 5 July 2016

    Polarcus, a marine seismic acquisition company, on Tuesday posted its fleet utilization figures for the second quarter of 2016. Utilization for the quarter was 91 percent, an increase from 80 percent in the second quarter of 2015. By category, 76 percent of vessel utilization came from contract seismic, and 15 percent from multi-client, compared to the […]

  • 12 December 2011
    Business & Finance

    Polarcus Limited, a U.A.E based seismic specialist that operates a fleet of high performance 3D seismic vessels  has signed a Letter of Intent with an undisclosed client for a 3D seismic acquisition project offshore West Africa. The project will commence in January and is expected to run for approximately four months. Polarcus also signed a […]

  • 13 December 2011
    Business & Finance

    Polarcus Limited, a company specializing in high-end towed streamer data acquisition, has been contracted by an undisclosed client for a 3D seismic acquisition project offshore North West Africa. The project will commence mid-December and is expected to run for approximately 25 days. This is a third seismic acquisition contract for Polarcus in Africa in December. […]

  • 6 December 2011
    Business & Finance

    UAE based company specializing in high-end towed streamer data acquisition, Polarcus Limited, has signed a Letter of Intent with an undisclosed client for a 3D seismic acquisition project offshore West Africa. The project, to be acquired by ULSTEIN SX124 design vessel, Polarcus Nadia, will start this month and is expected to run for approximately 30 […]

  • 16 December 2009

    Polarcus, UAE, has recently taken delivery of the ‘Polarcus Nadia’, a modern twelve streamer 3D seismic vessel built to the Ulstein SX124 design. The vessel was built at Drydocks World – Dubai in the United Arab Emirates.

  • 3 October 2018
    Business & Finance

    Polarcus, a Dubai-based seismic contractor, has seen a decrease in its vessel utilization during the third quarter of 2018. Quarterly vessel utilization dropped to 86 percent from 92 percent in the third quarter of 2017. A 6 percent vessel activity drop was recorded on the contracted basis, while the multi-client basis has stayed at 0 […]

  • 3 July 2018
    Operations & Maintenance

    Polarcus, a Dubai-based seismic contractor, has recorded an increase in its vessel utilization during the second quarter of 2018. Quarterly vessel utilization increased to 85 percent from 75 percent in the second quarter of 2017. On the contracted basis the vessel activity has increased 6 percent, from 75 percent in Q2 2017 to 81 percent […]

  • 19 December 2014
    Business & Finance

    UAE based company specializing in high-end towed streamer data acquisition, Polarcus Limited has signed a Letter of Intent (LOI) with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa. According to Polarcus, the project will start in Q1 2015 and is expected to run for approximately 21 days. However, the company did not […]

  • 30 April 2015
    Business & Finance, Operations & Maintenance

    Seismic contractor, Polarcus, has recorded a net loss third quarter in a row as the contract revenues went down 33% from the same quarter a year earlier. The Norwegian company reported a first-quarter loss of $26.4 million or basic and diluted earnings per share of negative $0.04, versus the net profit of approximately $1 million […]

  • 23 June 2010

    TGS announces the commencement of a 1650 km2 high density multi-client 3D seismic survey located in the outer part of Moray Firth off the Northeast coast of Scotland. The survey covers open as well as held acreage and is located in an area proven to be particularly prolific for hydrocarbon exploration. This has been confirmed […]

  • 9 February 2017
    Project & Tenders

    Polarcus’ Norwegian subsidiary has entered into a heads of agreement with SCF Geo (Sovcomflot) to charter a vessel on bareboat terms with delivery scheduled for March, 2017. The fixed period of the charter will be 5 1/2 years with options to extend for up to four additional months, Polarcus informed. The vessel will be delivered without […]

  • 6 September 2013
    Business & Finance

    Pendennis are delighted to be working alongside esteemed design studio Dubois Naval Architects after recently signing a 31.3m aluminium sloop. Pendennis and Dubois have a long history of working together with this build representing the ninth successful collaboration. The technologically advanced Taramber launched in 1991 was the catalyst followed by the construction of Beagle Star […]

  • 9 June 2014
    Project & Tenders

    Polarcus, a marine geophysical company, has started a new 3D survey in the Russian Barents Sea.

  • 19 December 2014
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Oslo-listed seismic player Polarcus has inked a a Letter of Intent (LOI) with Perenco Oil & Gas Gabon for a 3D marine seismic acquisition project offshore West Africa. The survey will be acquired by the company’s 12 streamer 3D/4D seismic vessel Polarcus Nadia. The 88.8 meters long, ULSTEIN SX124 design vessel, became part of Polarcus’ […]

  • 5 July 2017

    Polarcus, a Dubai-based seismic contractor, has recorded a drop in its vessel utilization during the second quarter of 2017. Quarterly vessel utilization declined to 75 percent from 91 percent in the second quarter of 2016. “The low utilization of 75 percent in Q2 2017 was guided during the quarter and was driven by yard stays […]

  • 6 September 2013

    Pendennis will again be working alongside esteemed design studio Dubois Naval Architects after recently signing a 31.3m aluminium sloop deal. Pendennis and Dubois have a long history of working together with this build representing the ninth successful collaboration. The technologically advanced Taramber launched in 1991 was the catalyst followed by the construction of Beagle Star II, […]

  • 27 February 2018
    Business & Finance

    Marine seismic player Polarcus has taken ownership of two N-Class seismic vessels for $75 million.

  • 2 October 2019

    Polarcus, a Dubai-based seismic contractor, has recorded a slight decrease in its vessel utilization during the third quarter of 2019. Quarterly vessel utilization was at 83 percent compared to 86 percent in the third quarter of 2018. According to Polarcus’ update, on a contracted basis the vessel utilization has seen a slight drop to 83 […]

  • 2 July 2020
    Vessels

    Polarcus, a Dubai-based seismic contractor, has recorded a drop in its vessel utilization in the second quarter of 2020. The vessel activity decreased from 72 percent in Q2 2019 to 50 percent in Q2 2020. According to Polarcus, on a contracted basis the vessel utilization dropped to 50 percent in Q2 2020 compared to 72 […]