Seismic exploration company Shearwater GeoServices has landed a deal for large 3D seismic acquisition and depth processing. According to the company, the work scope is in the Europe, Africa and Middle East (EAME) region. The survey, for an undisclosed national oil company, should take six months to
Polarcus, a Dubai-based seismic contractor, has recorded a drop in its vessel utilization in the second quarter of 2020. The vessel activity decreased from 72 percent in Q2 2019 to 50 percent in Q2 2020. According to Polarcus, on a contracted basis the vessel utilization dropped to 50 percent in Q2
Polarcus is taking further actions to streamline its business and adjust operational capacity to align with current market conditions. This follows on the $15 million cost reduction plan implemented due to the COVID-19 pandemic and oil price volatility. The company has additionally streamlined and r
Axxis Geo Solutions has completed both the primary and extended portions of its ocean-bottom nodes (OBN) project in the Middle East. The project was completed with strict adherence to COVID-19 safety guidelines and the crew is now demobilizing to the North Sea for previously announced work in late Q
Polarcus has elected Nina Tronstad as a board member, with a term of office expiring at the company’s 2021 annual general meeting. Nina Tronstad has held a series of senior executive roles in the oil and gas sector with Kvaerner, Aker Solutions and Equinor. She is a chemical engineer by profession.
Axxis Geo Solutions has received an extension for a contract in the Middle East.
Axxis Geo Solutions, a Norwegian ocean bottom node seismic company, has begun work on a large 3D ocean bottom node (OBN) survey in the Middle East.
Axxis Geo Solutions (AGS), a Norwegian ocean bottom node seismic company, has finally put pen to paper on a long-awaited final contract for a large OBN survey in the Middle East.
Dutch marine contractor Boskalis has now fully acquired the UAE-based Horizon Group, a company specializing in the provision of marine geophysical surveys and geotechnical services. Boskalis said Monday it had acquired the remaining 37,5% of the shares, following the initial acquisition of a 62,5 pe
Seismic services provider Polarcus has signed a memorandum of understanding with the Arabian Geophysical and Surveying Company to collaborate on seismic projects in the MENA region.
Seismic services player Polarcus returned to profit in the second quarter of 2019 from a loss in the corresponding period of 2018 on the back of higher revenues driven by improvement in vessel dayrates. The seismic company said on Wednesday it had recorded a profit of $0.6 million in the second quar
The contract has been awarded by ADNOC in Abu Dhabi
Seismic services player Polarcus halved its quarterly loss and boosted revenues driven by highest ever vessel utilization and improved dayrates.
Polarcus has announced that a contract has been executed with Dubai Petroleum for a combined towed streamer and ocean bottom node (OBN) 3D seismic acquisition and processing project in the Middle East.
