Norwegian offshore seismic services company Axxis Geo Solutions will file for court-protected restructuring, it said Tuesday.Axxis said it had not been able to reach an agreement with all creditors in order to implement a voluntary solution to refinance the company…
Norwegian marine seismic data firm PGS, in partnership with Angola's ANPG, has started a new MultiClient 3D survey in the Lower Congo Basin, near the river plume of the Congo in Angola Block 1/14. The acquisition phase will continue until April and fast-track data is expected in October 2021…
Oslo-listed Magseis Fairfield on Friday said it had won a deep-water 4D Ocean Bottom Node (OBN) monitor survey contract in the US Gulf of Mexico with a repeat customer.The survey will be conducted with Magseis Fairfield’s ZXPLR technology, currently in use for ongoing projects in the same region…
Offshore seismic surveyor Shearwater GeoServices has been awarded two 3D surveys in offshore Western Australia.The three-month campaign, with an undisclosed client, comprises more than 3,200 square kilometers and is expected to start in the second quarter of 2021…
Oslo-listed seismic services company Magseis Fairfield has said it has won a seismic survey contract offshore Angola.The contract, with an unnamed 'major international energy company' is for a deep-water Ocean Bottom Node baseline survey (3D)…
Struggling seismic player Polarcus, which last week saw creditors take over its vessels following a debt payment default, on Tuesday said a Cayman Islands court has appointed joint provisional liquidators, after the company's application.'The…
Norwegian seismic surveyor PGS has informed it has completed the survey of additional open acreage to complete PGS coverage of the emerging plays of the outboard Campos Basin, offshore Brazil.Per PGS, the survey, carried out by the Ramform Titan seismic vessel…
Lenders of the troubled marine seismic contractor Polarcus, which last week took control of the company's vessels after a debt payment default, will sell Polarcus' vessels and all the employees will be let go.Banks last week tool control of Polarcus' subsidiaries that own seismic vessels…
Marine seismic player Magseis Fairfield has been awarded a 4D Ocean Bottom Node monitor survey in the Norwegian North Sea.The Oslo-listed contractor did not say who the client was, apart from saying it was a 'a major E&P company.'The survey…
Norway-based seismic survey services provider Shearwater GeoServices has won a contract for a marine seismic 3D survey in South East Asia.The company, owned by Rasmussengruppen, GC Rieber Shipping ASA, and Schlumberger, said that the contract was for two months…
Lenders took control of Polarcus' ships on Tuesday after the seismic surveyor defaulted on its bank loans and bonds, hit by a drop in spending by energy companies struggling with the COVID-19 pandemic and volatile oil prices.The company's Oslo…
Oslo-listed seismic surveyor Polarcus has defaulted on its bank loans and bonds, it said on Tuesday, sending the company's shares plunging more than 30%.Polarcus and other seismic surveyors have been hit by weak demand as oil companies slash…
Norwegian marine seismic data firm TGS on Wednesday announced the start of the Espirito Santo multi-client 3D seismic survey offshore Brazil.'This survey, covering 2,694 square kilometers, will broaden the region's 3D coverage while adding to the extensive offshore seismic library…
Norwegian oil and gas exploration seismic data company PGS has signed an agreement with Uruguay's state oil company ANCAP to reprocess over 11 000 km of existing 2D lines of various vintages, applying the latest seismic imaging techniques.'This rejuvenation will provide new…
Offshore seismic survey contractor Polarcus has said it has been awarded a letter of award for a survey in Asia Pacific.The seismic survey vessel owner said Wednesday that the letter of award entailed the provision of 3D seismic data acquisition services in the Asia Pacific region…
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