Search results for: multiclient geophysical

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  • 17 June 2016
    Business & Finance

    Norwegian marine seismic contractor MultiClient Geophysical is cutting worker’s wages, aiming to slash the overall costs. The company has reduced employee compensation by close to 30% compared to 2015 levels. The cost saving exercise has been carried out through voluntary salary reductions and / or reduced working hours, the company said on Friday. The company said […]

  • 19 August 2016
    Business & Finance

    Norwegian marine seismic contractor MultiClient Geophysical (MCG) saw its loss deepen during the second quarter of 2016 when compared to the prior-year quarter, due to impairment charges.  The company on Friday posted a net loss of $3.2 million for the quarter, impacted by high amortization and an impairment charge of $4.5 million, versus a loss […]

  • 12 October 2018
    Business & Finance, Operations & Maintenance, Project & Tenders

    SeaBird Exploration and its partner MultiClient Geophysical (MCG) have secured a ‘significant’ additional pre-funding commitment from an undisclosed oil major relating to the ongoing MC2D project in North West Europe. The pre-funding commitment is based on a revised scope increasing the survey from its initial 6,000 km to approximately 16,000 km. Due to the planned […]

  • 25 January 2017
    Business & Finance

    Spectrum, a provider of multi-client seismic surveys and seismic imaging services, has made a competing offer for the acquisition of the marine seismic data provider, MultiClient Geophysical (MCG). On December 22 Geoex Limited, a multi-disciplinary geophysical and geological services company, announced its plans to launch a voluntary offer to acquire all outstanding shares in MCG. The offer […]

  • 11 November 2016
    Business & Finance

    Norwegian marine seismic data provider MultiClient Geophysical (MCG) narrowed its net loss and boosted revenues during the third quarter of 2016. When it comes to multi-client seismic market, the company claims the worst is behind.  The seismic data provider on Friday posted a net loss $1 million, compared to net loss of $3.8 million in 3Q […]

  • 17 June 2016
    Business & Finance, Equipment, Operations & Maintenance

    Oslo-listed MultiClient Geophysical (MCG) said it has reduced employee compensation by close to 30% compared to 2015 as part of the company’s cost cutting measures in order to improve its position in a challenging market environment. The cost saving exercise has been carried out through voluntary salary reductions and / or reduced working hours, the company said. The […]

  • 17 February 2014
    Business & Finance

    Tom Wolden has been appointed as the new CEO of MultiClient Geophysical.  Wolden is currently holding the position as COO, a position he has had since he joined the company in January 2013. Wolden has been in the oil business for more than 30 years, both in the seismic industry and in oil companies. The last 7 years he acted as an […]

  • 30 March 2015
    Business & Finance, Equipment

    The CFO of MultiClient Geophysical (MCG), Renate Mørch, has handed in her resignation and will leave the company when a successor is found, at the latest within three months. Renate Mørch has been the CFO of MCG since April 2008. Renate is a Norwegian citizen, and holds a Master in Business and Economics from the […]

  • 25 January 2017
    Business & Finance

    Spectrum has made an offer to acquire all the issued and outstanding shares in MultiClient Geophysical (MCG) at a consideration of NOK 1.25 per share (offer price). The offer values the total share capital of MCG at NOK 116 million. Prior to Spectrum’s announcement of the offer, Geoex Limited made a voluntary offer on MCG on […]

  • 17 February 2014
    Business & Finance

    MultiClient Geophysical (MCG), a private service company focusing on multi-client 2D and 3D seismic surveys, announces Executive Management changes. The Company’s Chief Operating Officer (COO) Tom Wolden will replace Tor Åkermoen at the position of Chief Executive Officer (CEO), effective of March 1st, 2014. Tor Åkermoen will take Tom Wolden’s position of Chief Operating Officer […]

  • 10 February 2017
    Business & Finance, Equipment

    The board of directors of MultiClient Geophysical (MCG) have unanimously decided to recommend that its shareholders accept the voluntary cash offer from Geoex for all outstanding shares in the company. Geoex increased its offer to NOK 1.40 per share, or approximately NOK 130.0 million of total share capital, following the competing offer by Spectrum of NOK 1.25. […]

  • 8 April 2014

    MultiClient Geophysical ASA (MCG) will conduct a Super High-Resolution multi-client 2D MC2D seismic survey in the Hoop area, Barents Sea.   The survey will provide oil companies with critical, detailed information for the prospect evaluations of the shallow Jurassic and Triassic prospects. The Super High-Resolution survey is approximately 5600 km, and covers most of the […]

  • 9 July 2018
    Project & Tenders

    SeaBird Exploration has signed a partnership agreement with MultiClient Geophysical (MCG) to conduct a 6,000km multi-client 2D deep imaging campaign on the Norwegian Continental Shelf, including cross-border lines to UKCS. The acquiring vessel will tow a single 12,000-meter streamer with a powerful source, to image the oceanic and continental crust, for new conceptual geological understanding […]

  • 19 August 2016
    Business & Finance, Equipment

    Oslo-listed marine seismic data provider, MultiClient Geophysical (MCG), has plunged deeper into the red on impairment charge of USD 0.9 million, which relates to delays in sales triggers for mostly Norwegian projects. MCG reported revenues in the second quarter 2016 of USD 2.7 million, compared to USD 1.4 million in the prior-year quarter. 93% of revenue came from the […]

  • 17 December 2014
    Operations & Maintenance

    Nordic Maritime Pte. Ltd. has been awarded the contract to provide 2D seismic survey work in Indonesia by MultiClient Geophysical (Pte) Ltd.  This survey is expected to begin in December 2014 and will take approximately 60 days to complete. The vessel to undertake this contract will be the S/V Nordic Bahari and the survey will consist […]

  • 27 January 2016
    Business & Finance, Operations & Maintenance

    MultiClient Geophysical (MCG) has finalized the acquisition of the part of the Maximus 2D multi-client survey covering blocks to be announced in the first deep-water bid round in the Salinas Basin offshore Mexico. The survey, comprises some 19,000 km of high quality 2D seismic data and covers all 6 blocks to be included in the first deep-water license round in Mexico, in addition to all blocks included in the CNH 5 years plan for deep-water license rounds in the Salinas Basin. […]

  • 13 August 2015
    Business & Finance, Operations & Maintenance

    MultiClient Geophysical ASA (MCG), a marine seismic data provider, started operations on the 31,600 km Maximus 2D multi-client survey in Mexico on the July 25, 2015. More than 2,000 km have been acquired and processing of first data has started with DownUnder GeoSolution (DUG) in Houston. According to the company, fast-track products will soon be available from the […]

  • 8 April 2014
    Business & Finance, Operations & Maintenance, Project & Tenders, Research & Development

    MultiClient Geophysical ASA (MCG) will conduct a Super High-Resolution multi-client 2D (MC2D) seismic survey in the Hoop area, Barents Sea. The survey will provide oil companies with critical, detailed information for the prospect evaluations of the shallow Jurassic and Triassic prospects. The Super High-Resolution survey is approximately 5600 km, and covers most of the blocks included in the public hearing […]

  • 14 May 2014
    Business & Finance, Project & Tenders

    MultiClient Geophysical (MCG) has extended its multi-client 2D (MC2D) Barents Super Tie towards the east into the newly opened Barents South East (former Disputes Zone between Norway and Russia). The new lines will tie the existing Barents Super Tie in the west to the areas to be covered by the Group 3D Surveys in the Barents […]

  • 10 August 2015
    Business & Finance, Project & Tenders

    MultiClient Geophysical ASA (MCG) has entered into an agreement with Polaris E&E Services to acquire its Post Stack Reprocessed Atlantic Margin seismic 2D data. According to the company’s Oslo Stock Exchange filing, MCG will pay Polaris for this transaction through revenue share of futures sales. The Atlantic Margin data consists of 166,000 km of reprocessed “open file” […]

  • 29 May 2015
    Business & Finance

    The board of Norway-based provider of marine seismic surveys to the oil and gas companies, MultiClient Geophysical (MCG), has appointed Jon Stærkebye as its new Chairman at the annual general meeting. Stærkebye is succeeding Helge Bettmo, the previous Chairman of the Board, who was also a candidate for re-election. According to the company, Stærkebye will […]

  • 15 February 2017
    Business & Finance

    Spectrum has decided to withdraw its bid for the takeover of the geophysical company MultiClient Geophysical, after the target company’s board recommended an offer filed by Geoex. Geoex first launched its offer in January to acquire all outstanding shares in MultiClient Geophysical (MCG) at a consideration of NOK 1.20 per share. Spectrum then made a competing […]