Overview page containing news articles

Polarcus

List of the highlighted articles

Posted: about 1 month ago

Polarcus swings to loss on major revenue drop

Marine seismic player Polarcus has slipped into the red in Q3 2020 as revenue fell some 76 per cent ...

Categories:
  • Business & Finance
Posted: about 1 month ago
Posted: about 1 month ago

West Africa win for Polarcus

Marine seismic player Polarcus has secured a contract for a 3D seismic data acquisition services in ...

Categories:
  • Project & Tenders
Posted: about 1 month ago
Posted: 2 months ago

Sovcomflot hands back Polarcus seismic vessel

Marine seismic player Polarcus has taken delivery of geophysical exploration vessel Ivan Gubkin. Iva...

Categories:
  • Vessels
Posted: 2 months ago
Posted: 2 months ago

Sovcomflot keeping Vyacheslav Tikhonov with option to redeliver Ivan Grubkin

Seismic player Polarcus and Russian shipping company Sovcomflot have once again agreed new terms for...

Categories:
  • Vessels
Posted: 2 months ago
Posted: 3 months ago

Polarcus in new XArray project in West Africa

Polarcus has secured an XArray 3D marine seismic acquisition project in West Africa. The project is ...

Categories:
  • Business developments & projects
Posted: 3 months ago
Posted: 3 months ago
Premium

Marine seismic industry in numbers after exploration capex slash

The low oil price has led energy companies to scale back near-term investment plans significantly, a...

Categories:
  • Business & Finance
Posted: 3 months ago
Posted: 3 months ago

Another Asia Pacific deal for Polarcus

Marine seismic player Polarcus has received a letter of intent for 3D seismic data acquisition servi...

Categories:
  • Project & Tenders
Posted: 3 months ago
Posted: 4 months ago

Red quarter for Polarcus as revenues sink

Marine seismic player Polarcus has slipped deeper into the red in Q2 2020 as revenues dropped close ...

Categories:
  • Business & Finance
Posted: 4 months ago
Posted: 4 months ago

Polarcus gets seismic deal from Eni in Asia Pacific

Polarcus has entered into a contract with Eni for 3D seismic data acquisition services in Asia Pacif...

Categories:
  • Project & Tenders
Posted: 4 months ago
Posted: 5 months ago

Polarcus vessel utilization drops in Q2

Polarcus, a Dubai-based seismic contractor, has recorded a drop in its vessel utilization in the sec...

Categories:
  • Vessels
Posted: 5 months ago
Posted: 5 months ago

Sovcomflot withdraws Vyacheslav Tikhonov redelivery with Polarcus

Russian company, Sovcomflot, has withdrawn redelivery notice for Vyacheslav Tikhonov seismic vessel ...

Categories:
  • Vessels
Posted: 5 months ago
Posted: 5 months ago

Polarcus restructures with 20% headcount reduction

Polarcus is taking further actions to streamline its business and adjust operational capacity to ali...

Categories:
  • Business & Finance
Posted: 5 months ago
Posted: 6 months ago

Polarcus wraps up Petrel seismic survey for Neptune Energy

Polarcus has completed acquisition of the 3D broadband seismic survey for Neptune Energy on the Petr...

Categories:
  • Exploration & Production
Posted: 6 months ago
Posted: 7 months ago

Polarcus shrinks deficit; preps for market uncertainty

Marine seismic player Polarcus has cut its deficit in Q1 2020 despite slightly lower revenues on imp...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

Polarcus elects new board member

Polarcus has elected Nina Tronstad as a board member, with a term of office expiring at the company’...

Categories:
  • Business & Finance
Posted: 7 months ago
Posted: 7 months ago

Polarcus in XArray seismic acquisition in Asia Pacific

Polarcus has received a contract for an XArray marine seismic acquisition project in Asia Pacific. T...

Categories:
  • Operations & Maintenance
Posted: 7 months ago
Posted: 8 months ago

Polarcus Records Drop in Vessel Activity in Q1 2020

Polarcus, a Dubai-based seismic contractor, has recorded a decrease in its vessel utilization in the...

Categories:
  • Business & Finance
Posted: 8 months ago
Posted: 8 months ago

Polarcus readies cost reduction plan to mitigate uncertainty facing seismic market

Polarcus has come up with a $15 million cost reduction plan to navigate the current uncertainty faci...

Categories:
  • Outlook & strategy
Posted: 8 months ago
Posted: 8 months ago

Polarcus readies cost reduction plan to mitigate uncertainty facing seismic market

Polarcus’ cost reduction plan includes redundancies, reduction of base salary and capex, and w...

Categories:
  • Business & Finance
Posted: 8 months ago
Posted: 8 months ago

Polarcus in New XArray Seismic Acquisition in North West Europe

Polarcus has secured an XArray 3D marine seismic acquisition project in North West Europe. The proje...

Categories:
  • Project & Tenders
Posted: 8 months ago
Posted: 8 months ago

Polarcus gets second seismic project cancellation this week

For the second time this week, marine seismic player Polarcus has received a project termination for...

Posted: 8 months ago
Posted: 8 months ago

Polarcus’ Contract in West Africa Terminated

Polarcus has received contract termination notice for a 3D marine seismic acquisition project offsho...

Categories:
  • Operations & Maintenance
Posted: 8 months ago
Posted: 8 months ago

Polarcus hit with seismic project cancellation in Asia Pacific

Polarcus has received termination for its previously awarded XArray marine seismic acquisition proje...

Categories:
  • Business & Finance
Posted: 8 months ago
Posted: 8 months ago

Polarcus Gets Cancellation Notice for Asia Pacific Project

Polarcus has received cancellation notice for the XArray marine seismic acquisition project in the A...

Categories:
  • Project & Tenders
Posted: 8 months ago
Posted: 9 months ago

Polarcus Posts Shrinking Losses, Growing Sales in 2019

Marine seismic player Polarcus has cut its deficit in 2019 as improved market boosted the company...

Categories:
  • Business & Finance
Posted: 9 months ago
Posted: 9 months ago

Polarcus still in red, but riding the wave of strongest backlog since 2014

Seismic services player Polarcus posted a loss of $19 million for the fourth quarter of 2019. ...

Categories:
  • Business & Finance
Posted: 9 months ago