Search results for: PGS

3382 results

A list of search results

  • 23 September 2013
    Business & Finance, Project & Tenders, Research & Development

    Petroleum Geo-Services (PGS) along with Toisa Seismic Limited (Toisa) have entered into an agreement to invest in Seafloor Geophysical Solutions (SGS). A strategic cooperation agreement with SGS provides PGS exclusive rights to market and offer SGS node services to clients in the Brazilian market. SGS is a marine geophysical company focusing on seafloor acquisition, based […]

  • 12 November 2015
    Project & Tenders

    As part of their ongoing joint venture, two geophysical companies, PGS and TGS, have completed the fifth consecutive acquisition season offshore Newfoundland and Labrador, Canada.  According to PGS, the 2015 season was the biggest yet with PGS operating four vessels, two 3D and two 2D vessels, all of them equipped with GeoStreamer, PGS’ broadband technology. This […]

  • 23 September 2013
    Business & Finance, Equipment

    Petroleum Geo-Services (PGS) along with Toisa Seismic Limited (Toisa) have today entered into an agreement to invest in Seafloor Geophysical Solutions (SGS). A strategic cooperation agreement with SGS provides PGS exclusive rights to market and offer SGS node services to clients in the Brazilian market. SGS is a marine geophysical company focusing on seafloor acquisition, […]

  • 7 July 2010

    TGS has commenced a new multi-client 3D survey in partnership with PGS. This project, NVG10, covers a 3,500 km2 area in the North Viking Graben area of the Norwegian North Sea. The project is being acquired by the PGS Atlantic Explorer and utilizes PGS’ GeoStreamer® Technology. “Substantial customer interest has encouraged a second consecutive year […]

  • 6 June 2012
    Business & Finance

    Norway’s seismic specialist TGS has started expansion of a 3D multi-client survey covering 2,000 km2 in the Faroe Shetland Basin spanning the UK Faroe median line. The acquisition is in partnership with PGS and is completion of the previously announced FSB11 survey. The new seismic data is being acquired by the PGS Ramform Viking towing […]

  • 25 May 2016
    Business & Finance, Equipment, Operations & Maintenance

    TGS-NOPEC Geophysical Company (TGS) is expanding its multi-client library offshore Eastern Canada, with plans to acquire approximately 2,000 km² of 3D seismic data, in partnership with PGS. The survey will be acquired utilizing the PGS GeoStreamer technology, and it should begin during the summer season 2016. Pre-processing of the initial GeoStreamer signal will be performed by PGS following which TGS […]

  • 15 November 2018

    PGS has offered to sell the Ramform Sterling to the Japan Oil, Gas and Metals National Corporation (JOGMEC).

  • 2 June 2015
    Business & Finance

    Norwegian marine geophysical company, Petroleum Geo-Services ASA (PGS), has entered into a sale and leaseback agreement for offshore seismic vessel PGS Apollo, with Offshore Merchant Partners (OMP). PGS said in the press release that the sale and leaseback agreement established between PGS and OMP is for a 10-year bareboat charter, with an option for a 5-year […]

  • 18 September 2013
    Business & Finance

    PGS has been informed that WesternGeco has filed a complaint against PGS in Houston alleging infringement of four patents. These patents were part of the litigation between WesternGeco and ION Geophysical regarding the DigiFIN steering device. For the case to continue WesternGeco will also have to take steps to serve the complaint against PGS. PGS […]

  • 18 September 2013
    Equipment

    Schlumberger’s subsidiary WesternGeco has filed a complaint against PGS in Houston alleging infringement of four patents. These patents were part of the litigation between WesternGeco and ION Geophysical regarding the DigiFIN steering device. For the case to continue WesternGeco will also have to take steps to serve the complaint against PGS. “PGS is of the […]

  • 23 July 2015
    Business & Finance, Operations & Maintenance

    Petroleum Geo-Services’ (PGS) marine contract revenues and margin were negatively impacted by the weak market conditions and slightly more idle time than expected in the quarter. The company reported revenues of $255.8 million, compared to $337.0 million in Q2 2014. In Q2 2015, revenues for PGS decreased $81.2 million, or 24%, compared to Q2 2014. […]

  • 2 June 2015
    Business & Finance, Operations & Maintenance, Project & Tenders

    Petroleum Geo-Services (PGS) has entered into a sale and leaseback agreement of PGS Apollo, the only non-Ramform designed 3D vessel in the PGS fleet. The sale and leaseback agreement is established between PGS and Offshore Merchant Partners (OMP) on a 10-year bareboat charter, with an option for a 5- year extension at a reduced rate. […]

  • 15 June 2015
    Operations & Maintenance, Project & Tenders

    TGS announces a new multi-client 3D survey offshore Eastern Canada, with plans to acquire approximately 6,000 sq. km of seismic data. The survey is in partnership with PGS.   The survey will be acquired utilizing the PGS GeoStreamer® technology in two areas; Eastern Newfoundland Orphan Basin and South Labrador. Data acquisition will start during the summer […]

  • 15 February 2017
    Equipment, Project & Tenders

    Wärtsilä and PGS have signed a service agreement under which Wärtsilä will take care of the maintenance of engines and propulsion systems on board PGS’s fleet of eight seismic vessels. The 3-year-agreement was signed in December 2016 and it includes an extension option for additional two years. In the first phase of the contract Wärtsilä will […]

  • 13 June 2017
    Project & Tenders

    OvationData Limited has secured an extension of their current trace management service agreement with PGS to 2023. In 2013 PGS sought a vendor capable of providing cloud data storage and specialized data services to manage PGS’ global seismic library. OvationData secured a five-year service agreement with PGS. In 2016, PGS had a requirement to remaster […]

  • 9 January 2019
    Business & Finance

    Norwegian seismic services provider PGS has signed a vessel sale agreement for the Ramform Sterling with JOGMEC.

  • 6 June 2017
    Business & Finance, Operations & Maintenance, Research & Development

    Petroleum Geo-Services (PGS) said it has developed a concept for collection of plastic from the oceans. The solution uses the inherent benefits of seismic vessels and takes advantage of their air compressors and capabilities for handling large towing configurations, PGS explains. The PGS plastic collection concept consists of a seismic vessel and a support vessel […]

  • 15 November 2018
    Business & Finance, Operations & Maintenance

    PGS has as part of a tender process offered to sell the Ramform Sterling to the Japan Oil, Gas and Metals National Corporation (JOGMEC). PGS said it has now been informed that the company is the preferred tenderer, and negotiations will be initiated with the aim of concluding necessary contracts. A final award to PGS […]

  • 11 April 2016
    Business & Finance

    Norwegian marine geophysical company, Petroleum Geo-Services (PGS), has announced that Walter Qvam, currently Board Member of PGS, will be proposed as new Chairperson at the upcoming annual general meeting scheduled for May 11, 2016. The geophysical company stated that Walter Qvam has been a PGS Board Member since 2013, and knows the company and the […]

  • 9 September 2014
    Equipment

    Petroleum Geo-Services ASA announced today that it has implemented further steps to streamline operations, reduce cost and capital expenditures (“CAPEX”), and improve cash flow.

  • 11 April 2016
    Business & Finance, Operations & Maintenance

    Petroleum Geo-Services (PGS) informed that Walter Qvam, currently board member of PGS, will be proposed as new chairperson at the upcoming annual general meeting scheduled for May 11, 2016. Qvam has been a PGS Board Member since 2013 and is currently president and CEO of Kongsberg, a position he will resign from in June this year. Previously […]

  • 2 May 2016

    Two seismic players, TGS and PGS, have teamed up to acquire more than 36,000 km of 2D seismic data offshore Eastern Canada utilizing two vessels during the 2016 acquisition season. According to TGS’ Oslo Stock Exchange filing on Monday, the M/V Sanco Spirit and M/V Atlantic Explorer, utilizing the PGS GeoStreamer technology, will acquire seismic and gravity data […]