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Seismic

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NewsBusiness & Finance
TGS growing seismic data library through surveys by Shearwater and Polarcus
Seismic

TGS growing seismic data library through surveys by Shearwater and Polarcus

Norwegian geophysical company TGS is expanding its Atlantic Margin multi-client program in the Norwegian Sea.

about 8 years ago
Providence: License extension to allow new seismic survey over Newgrange prospect
Seismic

Providence: License extension to allow new seismic survey over Newgrange prospect

Providence Resources has been granted an extension to the term of the First Phase of FEL 6/14 offshore Ireland.

about 8 years ago
French seismic player CGG names new CEO
Seismic

French seismic player CGG names new CEO

France’s marine seismic acquisition specialist CGG has appointed Sophie Zurqzuyah as its new CEO

about 8 years ago
EMGS hammers out refinancing plan
Seismic

EMGS hammers out refinancing plan

In need of additional financing, the Norwegian geophysical services company, EMGS, has started working on a refinancing proposal.

about 8 years ago
Polarcus cuts losses despite lower revenues
Seismic

Polarcus cuts losses despite lower revenues

Oslo-listed marine seismic player Polarcus tightened its quarterly net loss despite lower revenues and impairment charges.

about 8 years ago
Polarcus buys two N-Class seismic vessels as part of restructuring
Seismic

Polarcus buys two N-Class seismic vessels as part of restructuring

Marine seismic player Polarcus has taken ownership of two N-Class seismic vessels for $75 million.

about 8 years ago
Magseis recruits new CFO and SVP Sales
Seismic

Magseis recruits new CFO and SVP Sales

Magseis, a Norwegian geophysical company, has filled the chief financial officer and SVP Sales positions.

about 8 years ago
CGG finalizes restructuring plan initiated over a year ago
Seismic

CGG finalizes restructuring plan initiated over a year ago

French geophysical services company CGG has finalized the implementation of its financial restructuring plan launched over a year ago. Following shareholders’ approval of all resolutions required to implement CGG’s financial restructuring plan in November, CGG’s plan was approved by the Commercial C

about 8 years ago
SeaBird terminates seismic vessel charter
Seismic

SeaBird terminates seismic vessel charter

Marine seismic acquisition provider SeaBird Exploration has terminated an agreement for the charter of the Munin Explorer seismic vessel.

about 8 years ago
EMGS faces uncertainty as low backlog bites
Seismic

EMGS faces uncertainty as low backlog bites

Norwegian geophysical services company EMGS might be facing a going concern issue amid low backlog levels and challenging market situation. According to EMGS’ financial report on Thursday, at the end of the fourth quarter of 2017, the company’s backlog was $3.2 million compared with a backlog of app

about 8 years ago
Impairments drag PGS deeper into the red
Seismic

Impairments drag PGS deeper into the red

Affected by impairment charges, Norway’s seismic player PGS posted a bigger quarterly loss despite an increase in revenues.

about 8 years ago
EMGS expects revenue hike following Norwegian offshore block awards
Seismic

EMGS expects revenue hike following Norwegian offshore block awards

Electromagnetic Geoservices (EMGS) is expecting an uplift in revenues following the latest license awards offshore Norway.

about 8 years ago
Statoil awards contract for permanent reservoir monitoring on Johan Sverdrup
Seismic

Statoil awards contract for permanent reservoir monitoring on Johan Sverdrup

Norwegian oil company Statoil has awarded a contract to Alcatel Submarine Networks for permanent reservoir monitoring (PRM) on the Johan Sverdrup field offshore Norway.

about 8 years ago
FairfieldNodal closes WGP buy
Seismic

FairfieldNodal closes WGP buy

FairfieldNodal has finalized its agreement to purchase the assets of WGP Group, a provider of marine geophysical services headquartered in the UK.

about 8 years ago
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