Polarcus - Offshore Energy

long read

7 days ago

Premium

Marine seismic industry exploring energy transition arena

As the world continues its race to a net zero future, identifying potential carbon and hydrogen stor...

7 days ago

17 days ago

Polarcus calls in the liquidators

The Grand Court of the Cayman Islands has appointed FTI Consulting liquidators to financially troubl...

17 days ago

24 days ago

Polarcus fleet up for sale – all employees face layoffs

Seismic player Polarcus has received notification from the lenders that they no longer support the c...

24 days ago

29 days ago

Lenders take over Polarcus assets

Following loan default, Polarcus’ lenders have taken control of its vessels and shipholding unit. On...

29 days ago

about 1 month ago

Polarcus stock crashes on loan default news

Marine seismic player Polarcus said on Tuesday it has defaulted on debt payments and that it will ha...

about 1 month ago

Asia Pacific 3D seismic for Polarcus

Marine seismic player Polarcus has received letter of award to provide 3D seismic data acquisition s...

about 1 month ago

2 months ago

Polarcus lands 4D project in Far East

Marine seismic player Polarcus has signed a memorandum of agreement with SCF GEO, a company in the S...

2 months ago

3 months 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 ...

3 months ago

4 months ago

West Africa win for Polarcus

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

4 months ago

Sovcomflot hands back Polarcus seismic vessel

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

4 months ago

5 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...

5 months ago

Industry Contribution

Faccin Wind Towers Division: a reliable partner for your wind energy project

Faccin Group created a Wind Towers Division within the company. Why? Eng. Andrea Comparin: “Ac...

about 1 month ago

Industry Contribution

Maritime Insurance Market Update, Q3 2020

‘Clients, advisors and insurers are in the same boat.’ Effective cooperation is necessary to keep ri...

2 months ago

5 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 ...

5 months ago

6 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...

6 months ago

Another Asia Pacific deal for Polarcus

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

6 months ago

Industry Contribution

Partner

It’s all about power flow

Integration of renewable energies on a ship – and in other island networks Interview with Jero...

4 months ago

7 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 ...

7 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...

7 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...

7 months ago

Industry Contribution

“ETICA IP” ROV & USV a staunch green ally for the blue economy indystry & ocean sustainability

By Ioana Laura Grigore. Our concept of blue economy & ocean sustainability in offshore industry ...

3 months ago

8 months ago

Sovcomflot withdraws Vyacheslav Tikhonov redelivery with Polarcus

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

8 months ago

Polarcus restructures with 20% headcount reduction

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

8 months ago

9 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...

9 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...

9 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’...

9 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...

9 months ago

10 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...

10 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...

10 months ago

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