Search results for: PGS

3504 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 […]

  • 7 August 2020
    Business & Finance

    TGS-NOPEC Geophysical Company has submitted a conditional offer for the purchase of the multi-client data library of PGS. Under the offer, PGS would, upon consummation of the sale, receive a cash consideration of USD 600 million. In addition, TGS has proposed that the parties enter into a post-closing collaboration agreement for future PGS multi-client projects, […]

  • 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, […]

  • 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 […]

  • 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 […]

  • 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 November 2018

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

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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. […]

  • 9 January 2019
    Business & Finance

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

  • 16 February 2015
    Business & Finance, Equipment

    Petroleum Geo-Services ASA (PGS) has won a legal dispute against ElectroMagnetic GeoServices ASA (‘EMGS’), after Oslo District Court ruled in its favor last Firday, February 13, 2015. Namely, ElectroMagnetic GeoServices ASA (EMGS) filed a lawsuit against PGS for patent infringement relating to PGS’ Towed Streamer EM technology. According to PGS, the court found that EMGS’ […]

  • 15 February 2017
    Business & Finance, Equipment

    Petroleum Geo-Services (PGS), a marine geophysical company, has chosen Finnish company Wärtsilä to service engines and other equipment of its vessel fleet. According to the agreement, Wärtsilä will take care of engines and propulsion systems maintenance onboard PGS’s fleet of 8 seismic vessels. The Finnish equipment provider said on Wednesday that the three-year agreement was signed […]

  • 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 […]

  • 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 […]

  • 14 November 2018
    Business & Finance

    Norwegian seismic services company PGS has been awarded a large contract in South America. 

  • 11 January 2012
    Business & Finance, Operations & Maintenance

    The Ramform Valiant, a seismic vessel owned and operated by Petroleum Geo-Services ASA, has started acquisition of over 26,000 km² of GeoStreamer® data in five blocks in the Kwanza/Benguela Basins in Angola. The size of the survey area corresponds to an area slightly larger than Massachusetts or Wales. Following the block awards made on December […]