ION Geophysical Corporation Company News

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Polarcus, Ion Agree Seismic Partnership
Friday, July 26, 2013Polarcus and Ion Geophysical Corporation are teaming up to develop multi-client, marine-based 3D seismic projects.

ION Sets Up Seismic Data Processing Center in Perth
Wednesday, July 24, 2013ION Geophysical Corporation establishes a GX Technology seismic data processing center in Perth, Australia to serve the Asia-Pacific region.

ION Acquires Additional Seismic Data Offshore Northeast Greenland
Monday, October 31, 2011ION Geophysical announced that it has acquired an additional 5,200 km of regional seismic data from offshore Northeast Greenland.

ION, BGP Join Forces in New Land Seismic JV
Monday, March 29, 2010Receiving government and regulatory approvals in both the U.S. and the People's Republic of China, ION has successfully completed its land seismic equipment joint venture with BGP.

GXT Lands Seismic Gig for Pemex's Exploration Projects
Thursday, March 04, 2010GXT will be delivering a broad range of seismic data processing and imaging services for Pemex's offshore and onshore projects during the next three years.

Pemex Awards Multi-Year Seismic Contract to GXT
Tuesday, February 23, 2010GXT will utilize its proprietary imaging technologies to process and interpret seismic data acquired on behalf of Pemex, including in deepwater regions of the GOM and in various onshore regions throughout Mexico.

ION Showcases New SM-24XL 'Extended Life' Geophone
Tuesday, January 12, 2010ION Geophysical's Holland-based Sensor B.V. subsidiary has commercialized a new, high performance geophone, the SM-24XL, to deliver enhanced durability in the field while continuing to record high quality acoustic data for O&G customers.

ION Extends BrasilSPAN Seismic Program
Monday, January 11, 2010ION Geophysical has successfully acquired an additional 28,000 km of regional seismic data covering Brazil's southern Santos, Pelotas, and northeastern Equatorial basins.

BGP, ION Team Up in Land Seismic Joint Venture
Thursday, October 29, 2009BGP has signed a term sheet with ION Geophysical Corporation, based in Houston, Texas, to create a joint venture that will provide land seismic products in a broad range of countries.

ION, BGP Team Up to Provide Global Seismic Products
Monday, October 26, 2009ION and BGP have signed a term sheet to create a joint venture that will provide land seismic products worldwide.

ION Geophysical's Revenues Down, But Gross Margins Up over 2008
Wednesday, August 05, 2009"In the second quarter of 2009, our gross margins were 33% compared to 32% last year, primarily as a result of improved product sales mix mainly in our Marine Imaging Systems and Data Management Solutions divisions," said ION's CEO Bob Peebler.

ION Adds ArgentineSPAN to Data Library
Thursday, July 09, 2009ION has completed the data processing and interpretation for ArgentineSPAN, a basin-scale seismic program offshore Argentina.

ION Initiates Next Phase of ArcticSPAN Seismic Data Program
Wednesday, July 08, 2009Acquisition for the next phase of ArcticSPAN is expected to be conducted during an extended seasonal window with operations beginning in July 2009 and ending by October 2009.

GX Technology Adds Sub-Salt Capabilities to Seismic Toolkit
Monday, June 08, 2009ION's seismic imaging subsidiary, GX Technology, has extended its toolkit for processing seismic data acquired in the most challenging subsurface environments, including sub-salt.

ION Closes $40.7MM Private Placement
Thursday, June 04, 2009ION has closed on the private placement of 18,500,000 shares of its common stock at a purchase price of $2.20 per share.

ION Announces $40.7MM Private Placement of Common Stock
Tuesday, June 02, 2009ION has entered into definitive agreements with certain institutional investors with respect to the private placement of 18.5 million shares of its common stock.

ION Expands IndiaSPAN Seismic Data Program Ahead of NELP VIII
Thursday, May 28, 2009ION has successfully acquired an additional 6,200 km of regional seismic data offshore India's western coast as part of its ongoing IndiaSPAN program.

As Mexico Ramps Up Oil Exploration, High-Tech Firms Line Up
Wednesday, May 20, 2009A recent rise in Mexico's oil exploration has specialized firms lining up for contract work with state-run Pemex.

ION Deploys FireFly System for Mexican Operations
Tuesday, May 05, 2009ION Geophysical had signed an agreement for the deployment of an 8,000 station FireFly system, which will be deployed on three projects in which ION personnel will be involved across the entire seismic workflow.

ION Completes Sale of ARIES II Land Seismic System
Wednesday, April 29, 2009ION announced that its ARAM Systems subsidiary closed the first commercial sale of its cable-based ARIES II(TM) seismic recording platform to one of the world's largest geophysical services providers.

ION Geophysical Completes Seismic Program Offshore Brazil
Tuesday, April 28, 2009ION has completed the first phase of its BrasilSPAN(TM) seismic data program and delivered the processed data, seismic images, and an integrated interpretation.

ION Reveals Initial Commercial Version of FireFly Land Seismic System
Friday, January 16, 2009ION has delivered a multi-thousand station FireFly system equipped with digital, full-wave VectorSeis sensors to one of the world's largest seismic contractors.

Spectrum to Seek New Horizons for GGS Atlantic after Contract Cancellation
Thursday, January 15, 2009Spectrum has received a 90 day notice of a contract cancellation with GX Technology for the acquisition of 2D seismic within GXT's BasinSPAN program, originally expected to end in June 2009.

ION Issues Preliminary Review of 4Q '08, to Release Results in February
Thursday, January 08, 2009ION expects to report fourth quarter revenues of approximately $145 million to $165 million when the company releases its year-end results during the second half of February 2009.

ION Adopts Shareholder Rights Plan
Tuesday, December 30, 2008ION's Board of Directors has adopted a Shareholder Rights Plan designed to enable all of the company's shareholders to realize the full long-term value of their investment and to provide for fair and equal treatment for all shareholders.

ION Wraps Up Refinancing of Its ARAM Acquisition
Tuesday, December 30, 2008ION has reached agreement to refinance the debt it incurred for its September 2008 acquisition of ARAM, a Canadian-based provider of cable-based land seismic recording systems, and its affiliated equipment rental company.

ION Names Hollis President and COO
Friday, December 05, 2008The ION Board of Directors has appointed Jim Hollis as President and Chief Operating Officer.

ION to Upgrade PGS' Seismic Fleet with Orca Command & Control System
Monday, December 01, 2008ION announced that its Concept Systems software group has signed a five-year agreement with PGS to upgrade all existing 2D and 3D towed streamer vessels to the Orca Command & Control System.

ION to Offer $175MM of Senior Notes Due 2013
Friday, November 14, 2008ION intends to commence an offering of $175 million aggregate principal amount of its senior notes due 2013.

ION, Fugro Shake Hands to Advance Marine Seismic Acquisition
Tuesday, November 11, 2008ION Geophysical Corporation has signed a multi-year, multi-vessel agreement covering marine acquisition technology with Norway-based Fugro-Geoteam AS.

ION's Seismic Results Provide First-Ever Look at Arctic Deepwater Basins
Wednesday, November 05, 2008ION's GX Technology subsidiary has completed the second and third seasons of acquisition for its basin-scale ArcticSPAN program in the Canadian Beaufort Sea.

ION Aligns with GGT to Provide Seismic Services to North Africa
Tuesday, October 28, 2008ION and GGT have formed an alliance to provide advanced imaging and reservoir-related services to oil and gas companies in North Africa.

ION Wins 2C, 4C Seismic Work Offshore Nigeria
Tuesday, October 07, 2008ION announced that its GX Technology Imaging Solutions group has been awarded a multi-year seismic data processing contract by Mobil Producing Nigeria Unlimited.

Sam Smith Retires from ION's Board of Directors
Monday, August 18, 2008ION Geophysical announced that Sam K. Smith will retire from the Board of Directors effective August 18, 2008. Smith joined ION's Board in 1999, served as the Chief Executive Officer from 1999 until 2000 and has served on the Compensation Committee.

ION Geophysical to Acquire Outstanding Shares of ARAM Systems
Wednesday, July 09, 2008ION Geophysical Corporation announced that it has signed a definitive agreement to acquire all of the outstanding shares of ARAM Systems Ltd.

ION, Fugro-Geoteam Collaborate on Marine Streamer Acquisition Technologies
Thursday, June 05, 2008Geophysical Corporation and Fugro-Geoteam announced their ongoing collaboration to deploy state-of-the-art streamer acquisition technologies.

ION, LARGEO Announce Geophysical Alliance In Russia
Wednesday, April 16, 2008ION and LARGEO announced the formation of an alliance to provide advanced imaging services for seismic data acquired in the Russian market.

ION Completes Acquisition of JavaSPAN
Tuesday, April 15, 2008The program provides a new regional 2D seismic framework of the Eastern Java Sea and the Makassar Straits, two highly prospective areas offshore Indonesia and Malaysia.

ION: IndiaSPAN Reshapes Thinking on Country's Exploration Potential
Thursday, March 13, 2008IndiaSPAN is one of the largest basin-scale imaging programs developed by ION's GX Technology subsidiary both in terms of library size and revenues.

ION's Reverse Time Migration Expedites Delivery of Subsurface Images
Thursday, March 13, 2008ION Geophysical Corporation announced that its GX Technology Imaging Solutions group has made significant improvements in their reverse time migration technique.

ION Completes Acquisition of Northeast AtlanticSPAN
Thursday, January 24, 2008The program covers less-explored areas offshore Northwest Europe that are believed to have significant hydrocarbon potential below thick basalts that diminish the quality of seismic images acquired via traditional methods.

ION and PGS Successfully Test DigiFIN Steerable Streamer System
Monday, September 24, 2007ION Geophysical completed open water testing of its DigiFIN streamer control system on the PGS seismic vessels Atlantic Explorer and Pacific Explorer. DigiFIN is a steerable steamer system for marine seismic acquisition vessels.

Input/Output Changes Name to ION
Friday, September 21, 2007Input/Output has changed its company name to ION Geophysical Corporation.