Following loan default, Polarcus’ lenders have taken control of its vessels and shipholding unit. On Tuesday this week, Marine seismic player said it had defaulted on debt payments and that it will halt all interest and installment payments to finance providers. That same day, the company’s shares f
Marine seismic player Polarcus said on Tuesday it has defaulted on debt payments and that it will halt all interest and installment payments to finance providers. As a result, the company’s shares fell over 30 percent before the Oslo Stock Exchange stopped trading on Tuesday morning. During these di
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted the T/30P environmental plan from Beach Energy for a geophysical, geotechnical and 2D seismic survey activity in the Otway Basin. This survey should take 28 days within the period 1 February
Inpex plans to carry out a 2D seismic survey of two exploration permits in the Browse and Canning Basins offshore Western Australia. The survey includes exploration permits WA-532-P and WA-533-P in the Browse and Offshore Canning Basins. The 2D seismic survey will also include the acquisition of sei
Seabed seismic player Magseis Fairfield said it has wrapped up acquisition project offshore Mexico. This marked the end of the first ever deepwater ocean bottom node (OBN) survey acquired in Mexico. Magseis Fairfield announced this project for an undisclosed client end-March last year. The work kick
Ocean bottom node seismic player Axxis Geo Solutions (AGS) is looking to address its debt situation and improve its balance sheet through a capital restructuring. The Oslo-listed company said it has over some time been in active dialogue with its current stakeholders and other strategic and financia
Oslo-listed seismic player TGS has launched the Espirito Santo multi-client 3D seismic survey offshore Brazil. This survey should broaden the region’s 3D coverage while adding to the extensive offshore seismic library. It is a dual-azimuth survey, covering 2,694 square kilometres area. For the purpo
ASX-listed Beach Energy, as the operator of retention leases T/RL2, T/RL4 and T/RL5 in the Commonwealth waters of Bass Strait, is proposing to undertake the Prion 3D marine seismic survey over these leases. The purpose of the Prion 3D survey is to acquire geophysical data to gain deeper knowledge of
A 3D seismic survey over the Resolution gas discovery in offshore licences P1929 and P2304 off the UK will most likely take place in 2022, Egdon Resources said on Wednesday. Namely, Shell, the operator of the above mentioned licences, has advised Egdon that the marine 3D seismic survey, planned over
Marine seismic player Polarcus has received letter of award to provide 3D seismic data acquisition services in Asia Pacific. The deal follows recent memorandum of agreement with Somcomflot subsidiary for 4D marine seismic acquisition services in the Far East. According to the Oslo-listed firm, the A
Norwegian firm Electromagnetic Geoservices (EMGS) has officially signed a new contract for a project in the Gulf of Mexico. Earlier this month, EMGS received a letter of award for 3D CSEM and magnetotelluric multi-client survey, pending final contract execution. The letter of award came from one of
Marine seismic player Polarcus has signed a memorandum of agreement with SCF GEO, a company in the Sovcomflot group, to provide 4D marine seismic acquisition services in the Far East.
New Age Energy and its partner Tower Resources have entered the second exploration period of the Algoa-Gamtoos license located offshore South Africa.
Seabed seismic player Magseis Fairfield has secured a deepwater ocean bottom node (OBN) monitor survey in the US Gulf of Mexico. The survey should start in Q1 2021 and run for approximately three months. According to the company, the OBN study is for a repeat customer. End-September this year, Magse
