Search results for: Ramform Hyperion

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  • 22 March 2017

    Marine seismic company PGS has completed its newbuild program after naming its latest vessel Ramform Hyperion in a ceremony at the Mitsubishi Heavy Industries Shipbuilding Co. yard in Nagasaki, Japan on Wednesday.   The Ramform design was created by Roar Ramde in the early 1990s. The first vessel of the Ramform Titan-class came in 2013 with the […]

  • 3 February 2020

    PGS will start the Painimaut 3D MultiClient program in Papua New Guinea (PNG) in early February.

  • 27 February 2017
    Equipment

    Vestdavit has supplied davit system for PGS’ Ramform Hyperion seismic vessel, currently on sea trials offshore Japan. Ramform Hyperion is the last of four identical ships built for PGS by Mitsubishi Heavy Industries. Vestdavit provided dual point boat handling solution to lift and lower tender boats in wave heights up to sea state 6. The boats work […]

  • 22 March 2017
    Business & Finance

    PGS has completed its newbuild program with a naming ceremony of the fourth, and last member of the Ramform Titan-class vessels ‘Ramform Hyperion’ at the Mitsubishi Heavy Industries Shipbuilding yard in Nagasaki, Japan. The Ramform design was created by Roar Ramde in the early 1990’s and has been taken to its ultimate expression by the […]

  • 3 February 2020
    Operations & Maintenance

    PGS is set to start the Painimaut 3D multi-client program in Papua New Guinea in early February. The program is expected to last for approximately 60 days and has strong industry funding. Ramform Hyperion will acquire the survey. During the two month program, the Ramform Hyperion will be towing a 12 x 8 km x […]

  • 19 December 2014
    Business & Finance, Operations & Maintenance

    Oslo-listed seismic player Petroleum Geo-Services (PGS) said today it expects lower earnings for this year and a further decline in profits in 2015 due to drop in oil prices and exploration cost cuts by the offshore oil companies. The company expects its EBITDA to be around $700 million for the year 2014 while setting up […]

  • 21 July 2016

    Norwegian marine seismic acquisition specialist Petroleum Geo-Services (PGS) has seen a 28 pct decrease in revenues during the second quarter of 2016 compared to the prior-year quarter, mainly impacted by reduction in MultiClient pre-funding revenues.  In 2Q 2016, PGS’ revenues decreased by $72.8 million, or 28%, amounting to $183 million, compared to $255.8 million in 2Q 2015. […]

  • 15 February 2016

    Petroleum Geo-Services, a geophysical company that provides a range of seismic and reservoir services, has posted a loss for the 4Q 2015 and a 47% drop in revenues when compared to the corresponding period of 2014.  In the company’s 4Q 2015 report on Monday, PGS posted a net loss of $334.6 million for the fourth quarter […]

  • 23 October 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Oslo-listed seismic player, Petroleum Geo-Services (PGS), has posted net loss of $110 million for the third quarter of 2015, compared with $8.4 million profit in the corresponding period in 2014. In the third quarter of 2015, the company recorded revenues of $225.7 million (out of which $120.4 million goes to MultiClient revenues and $77.3 million on contract […]

  • 17 March 2016
    Business & Finance

    The third of four Ramform Titan-class vessels, the Ramform Tethys, was named at the Mitsubishi Heavy Industries Shipbuilding yard in Nagasaki, Japan on Thursday. The Ramform Tethys was delivered to PGS yesterday, March 16, and follows two first Ramform Titan-class vessels delivered to the Norwegian seismic contractor in 2013 and 2014, the Ramform Titan and the Ramform Atlas. […]

  • 13 July 2016
    Business & Finance

    Ramform Tethys marine seismic acquisition vessel has begun operations for Norway-based Petroleum Geo-Services ASA (PGS), following the installation of Ulstein COM, an information and communication system for marine applications. Ramform Tethys, which was launched in Nagasaki on March 17, is the third of four 24-streamer Ramform Titan-class ships being built at Mitsubishi Heavy Industries’ (MHI) Nagasaki yard for PGS. […]

  • 3 April 2017
    Business & Finance

    Norwegian seismic player, Petroleum Geo-Services (PGS), has seen a slight drop in vessel activity in the first quarter of 2017. In the Q1, the vessel utilization on the contracted basis was 53 percent compared to 68 percent in the corresponding period in 2016. On the multi-client seismic basis, the company has seen a drop in vessel utilization […]

  • 1 May 2020
    Exploration & Production

    Oslo-listed seismic player PGS has completed the Painimaut 3D multi-client program in Papua New Guinea. Fast-track 3D GeoStreamer data is now available. The Painimaut program targets a number of play types in the under-explored Papuan Basin in both held and vacant acreage. The survey targets the Tertiary carbonate buildups and Mesozoic rift basins adjacent to […]

  • 11 June 2018

    Marine seismic player PGS, in partnership with TGS, will allocate another vessel to the 2018 East Canada acquisition program.

  • 11 January 2019
    Operations & Maintenance

    PGS has started the Phase 4 of the Sabah MultiClient 3D (MC3D) survey using the Ramform Hyperion vessel. Sabah represents the first ever MultiClient project in Malaysia, the company said. PGS will acquire up to 10 000 sq. km of GeoStreamer data, adding to the existing 37 000 sq. km multi-phased Sabah MC3D. The Sabah MultiClient […]

  • 2 October 2019
    Business & Finance, Equipment, Operations & Maintenance

    PGS has announced a further expansion of what is said to be one of the largest multi-client 3D projects in the world. Phase five of the Sabah multi-client project offshore Malaysia is under acquisition, with first data due in Q2 2020. PGS is currently acquiring another 7 400 square kilometers of prefunded multisensor broadband data […]

  • 23 October 2015

    Petroleum Geo-Services (PGS), a geophysical company that provides a range of seismic and reservoir service, on Friday reported a loss of $110 million for the third quarter of 2015, compared to a profit of $8.4 million in the same period last year.  The company also posted a drop in revenues as its third quarter 2015 […]

  • 17 March 2016

    Norwegian seismic company PGS celebrated the launching of the latest Ramform Titan-class seismic vessel, the Ramform Tethys at a ceremony in Nagasaki, Japan on March 17. This newbuild enhances the Ramform Titan-class acquisition platform and sets the standard for seismic operations for the next 25 years, the company said in a statement. The Ramform Tethys is […]

  • 27 July 2017
    Business & Finance, Operations & Maintenance

    Norwegian seismic player, Petroleum Geo-Services (PGS), reported net loss for the second quarter ended June 30, 2017 of $32 million versus $52 million in the prior-year quarter. Basic loss was 10 cents per share, narrowed from 22 cents per share same time last year. PGS generated revenues of $240 million for the Q2 2017, compared […]

  • 1 June 2018
    Operations & Maintenance

    TGS and Petroleum Geo-Services (PGS) have started a new 3D multi-client project in East Canada. The new Tablelands 3D geostreamer survey will cover approximately 8,000 km² in an active Newfoundland area of the Flemish Pass and Orphan Basins. Acquisition is expected to complete in late Q3 2018, TGS informed. Following this eighth consecutive season of […]

  • 11 May 2017
    Business & Finance, Equipment

    Norwegian seismic player, Petroleum Geo-Services (PGS), reported net loss for the first quarter ended March 31, 2017 of $106 million versus $57 million in the prior year. PGS also recorded lower revenue of $155 million for the Q1 2017, compared to $203 million in the Q1 2016. This reflects a 40% reduction in total multi-client […]

  • 3 May 2016

    Norwegian marine geophysical company Petroleum Geo-Services (PGS) saw its net loss deepen in the first quarter of 2016 while its revenues dropped compared to the same period last year.  The geophysical company posted a net loss of $57.1 million in the first quarter 2016, compared to $19.5 million in the corresponding period last year. PGS’ […]