Search results for: Titan-class vessel

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  • 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. […]

  • 30 April 2013

    Mitsubishi Heavy Industries (MHI) has awarded KONGSBERG (KOG) owned company Kongsberg Maritime contracts of more than 50 MUSD for technical systems delivery to two new Seismic survey vessels ordered by Petroleum Geo Services (PGS). The scope of supply covers integrated navigation systems, Dynamic Positioning (DP) and thruster systems, and extensive back-deck handling systems for PGS […]

  • 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 […]

  • 30 April 2013
    Business & Finance

    Mitsubishi Heavy Industries (MHI) has awarded KONGSBERG (KOG) owned company Kongsberg Maritime contracts of more than 50 MUSD for technical systems delivery to two new Seismic survey vessels ordered by Petroleum Geo Services (PGS). The scope of supply covers integrated navigation systems, Dynamic Positioning (DP) and thruster systems, and extensive back-deck handling systems for PGS […]

  • 14 November 2018
    Business & Finance

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

  • 11 March 2014
    Business & Finance

    Nippon Export and Investment Insurance (NEXI) has decided to provide Buyer’s Credit Insurance for loans extended to PGS Titans AS, a subsidiary of Petroleum Geo-Services ASA (PGS) of Norway. The loans provided by Sumitomo Mitsui Banking Corporation are used for the purchase of two Ramform Titan-class vessels for three-dimensional (3D) sea bottom resource exploration, which […]

  • 30 April 2013
    Business & Finance, Equipment

    Japan’s Mitsubishi Heavy Industries (MHI) has Awarded Kongsberg (KOG) owned company Kongsberg Maritime contracts of more than 50 MUSD for technical systems delivery to two new Seismic survey vessels ordered by Petroleum Geo Services (PGS).  The scope of supply covers integrated navigation systems, Dynamic Positioning (DP) and thruster systems, and extensive back-deck handling systems for PGS Ramform Titan-class vessels 3 & 4 […]

  • 30 April 2013
    Business & Finance, Project & Tenders

    Mitsubishi Heavy Industries (MHI) has awarded KONGSBERG (KOG) owned company Kongsberg Maritime contracts of more than 50 MUSD for technical systems delivery to two new Seismic survey vessels ordered by Petroleum Geo Services (PGS). The scope of supply covers integrated navigation systems, Dynamic Positioning (DP) and thruster systems, and extensive back-deck handling systems for PGS […]

  • 24 January 2014
    Business & Finance

    The second vessel in the Ramform Titan class, the Ramform Atlas was named today in Nagasaki, Japan. To Petroleum Geophysical Services ASA (“PGS”), safety, efficiency and productivity are the most important features of the new, 24-streamer vessel. The ceremony took place at the MHI yard in Nagasaki. The vessel will typically tow a network of […]

  • 15 October 2012
    Business & Finance

    Petroleum Geo-Services ASA (PGS) has exercised its options to order another two Ramform Titan-class vessels at Mitsubishi Heavy Industries Ltd. Two vessels were ordered in 2011. The two additional vessels will be vessel number three and four in the Ramform Titan Class. When completed, the four new builds will be a part of the 11 […]

  • 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 […]

  • 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 […]

  • 15 October 2012
    Business & Finance

    Petroleum Geo-Services ASA (PGS) has exercised its options to order another two Ramform Titan-class vessels at Mitsubishi Heavy Industries Ltd. Two vessels were ordered in 2011. The two additional vessels will be vessel number three and four in the Ramform Titan Class. When completed, the four new builds will be a part of the 11 […]

  • 14 November 2018
    Business & Finance, Operations & Maintenance, Project & Tenders

    Norwegian seismic player, Petroleum Geo-Services (PGS) has entered into a contract for a 3D survey in South America for an undisclosed client. PGS plans to use two Ramform Titan-class vessels for an estimated total duration of approximately 13 vessel months. Acquisition is scheduled to start in the second half of November and the contract value […]

  • 11 March 2014

    Petroleum Geo-Services ASA has established Export Credit Financing for the two (third and fourth of a series of four) Ramform Titan-class vessels scheduled for 2015 delivery.

  • 26 April 2013
    Business & Finance

    Safety, efficiency and productivity are the key features of the 24-streamer Ramform Titan which was named today at MHI yard in Nagasaki, Japan. The new ship will be the most powerful and efficient marine seismic acquisition vessel ever and the widest ship in the world at the waterline. Safety and productivity have been the main […]

  • 3 March 2020

    PGS is back in Brazil in 2020 with a Ramform Titan-class vessel to acquire the first GeoStreamer X MultiClient 3D seismic survey in the region.

  • 14 February 2013
    Business & Finance, Operations & Maintenance

    Petroleum Geo-Services (PGS), a leading provider of seismic services to the market announced fourth quarter and preliminary full year 2012 results. Highlights 2012 – Revenues of $1,518.3 million, up 21% from 2011 – EBITDA of $776.2 million, up 45% from 2011 – EBIT of $293.8 million, up 112% from 2011 – Group EBIT margin of […]

  • 25 April 2013
    Business & Finance

    Mitsubishi Heavy Industries, Ltd. (MHI) has received an order for two vessels capable of three-dimensional (3D) seismic data acquisition for sea bottom resource exploration from Petroleum Geo-Services ASA (PGS), a leading company in marine seismic and reservoir data acquisition, processing and analysis/interpretation services in Norway. The contract was signed on April 25 in Tokyo. The […]

  • 21 January 2016
    Operations & Maintenance

    PGS has completed acquisition of the 7 300 sq. km Ceará Basin “Fortaleza” Multi-Client 3D survey on the Equatorial Margin of Brazil. The survey marks the first use of a Ramform Titan-class vessel, the Ramform Atlas, in Brazil, the company said. Fast-track time migration seismic data is ready for licensing now, and final pre-stack time and pre-stack […]

  • 15 October 2012

    Norway’s seismic acquisition specialist Petroleum Geo-Services ASA (PGS) has exercised its options to order another two Ramform Titan-class vessels at Japan’s Mitsubishi Heavy Industries Ltd. Two vessels were ordered in 2011. The two additional vessels will be vessel number three and four in the Ramform Titan Class. When completed, the four new builds will be […]

  • 13 February 2014
    Business & Finance

    Petroleum Geo-Services (PGS) announced  increased margins, following the preliminary annual 2013 Report.  Compared with the last year’s 2012 annual report revenues are down 1%, while EBITDA of USD 828.9 million is up by 7% compared to the last year’s results. An increase of 30% in EBIT has also been reported, as well as the cash flow […]