PGS Company News
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Eni Bets Big on Zohr Explorer Finding New Treasure
Friday, October 06, 2017The Zohr field off Egypt sits in an area that Royal Dutch Shell pored over for years.
PGS Raises Funds Through Private Placement
Wednesday, November 23, 2016Norwegian seismic explorer Petroleum Geo-Services ASA announced Wednesday that it has raised approximately $225 million through a placement of 85,500,000 new shares.
PGS: Improving Sentiment in Offshore Seismic Market
Thursday, July 21, 2016Norwegian seismic explorer Petroleum Geo-Services says it is beginning to see early signs that its market is stabilizing.
OGA Awards Contracts for UK Government Funded Seismic Campaign
Wednesday, July 13, 2016The OGA awards contracts to PGS and WesternGeco for the second UK Government funded $26.5 million (GBP 20 million) seismic campaign to promote underexplored areas of UK Continental Shelf (UKCS).
TGS to Acquire 770 Square Miles of 3D Seismic Offshore Canada
Tuesday, May 24, 2016TGS plans to acquire approximately 770 square miles of 3D seismic data, in partnership with PGS, offshore Eastern Canada.
New North Sea Beckons Oil Producers Off Canada’s East Coast
Friday, May 13, 2016A change to an obscure shipping law is helping draw major oil companies to an area off Canada’s east coast that may rival the North Sea for its production potential.
PGS, TGS & Schlumberger WesternGeco to Undertake Seismic Program Off Sabah
Friday, April 01, 2016A consortium comprising PGS, TGS and Schlumberger WesternGeco will undertake a multiclient seismic program off Sabah, Malaysia.
PGS Posts Lower Revenues, Increases CAPEX
Monday, February 15, 2016Petroleum Geo-Services ASA expects market uncertainty and low earnings to continue through 2016.
PGS to Increase CAPEX in 2016
Friday, December 04, 2015PGS will increase its capital expenditure to around $240 million in 2016, from a full year 2015 CAPEX of approximately $175 million.
PGS Cold-Stacks another Vessel to Reduce Costs
Wednesday, September 02, 2015PGS will cold-stack the Ramform Viking vessel, after it completes a multiclient project offshore East Newfoundland in October 2015, In order to reduce cost and capital expenditure.
PGS Reveals $80 Million Year-on-Year Revenue Loss in 2Q 2015
Thursday, July 23, 2015PGS reveals a revenue loss of over $80 Million in 2Q 2015, compared to the same period last year.
TGS to Conduct New 3D Seismic Survey Offshore Canada
Monday, July 13, 2015TGS says it will conduct a new multi-client 3D seismic survey offshore eastern Canada this summer.
EGAS to Conduct Mediterranean's Largest Seismic Exploration Project
Thursday, June 25, 2015EGAS will carry out the largest seismic oil and gas exploration project in the Mediterranean, seeking data that could attract global exploration companies.
TGS to Conduct New 2D Surveys Offshore Eastern Canada
Tuesday, May 12, 2015TGS announces plans to conduct two new 2D surveys offshore Eastern Canada.
PGS Commences 3D Seismic Program in South Australia's Ceduna Sub-Basin
Tuesday, December 02, 2014PGS commences a Springboard MC3D seismic program in the Ceduna sub-basin offshore South Australia.
PGS Moves Asia Pacific HQ to Malaysia
Wednesday, November 26, 2014PGS relocates its regional headquarters in Asia Pacific to Kuala Lumpur, Malaysia from Singapore as the firm restructures its business activities.
Norway's Seismic Surveyors Say Hit by Lower Oil Price
Thursday, October 23, 2014Norwegian seismic survey firms TGS and PGS report a deterioration in demand from oil companies.
Norwegian Seismic Surveyor PGS Warns on Profit
Wednesday, October 15, 2014Norway's PGS cuts its 2014 earnings guidance again due to worsening demand from oil companies.
Norwegian Oil Explorer PGS Cuts Spending, To Sell Russian Venture
Tuesday, September 09, 2014PGS cuts its investment plans and decides to sell its Russia-based venture in order to improve cash flow.
Norwegian Seismic Survey Firms See Mixed Picture
Thursday, July 24, 2014Petroleum Geo-Services reports a decline in second-quarter revenues and profits, while fellow Norwegian firm announces two new sampling contracts.
PGS Announces 3D Seismic Plans for South Australia's Ceduna Sub-Basin
Thursday, June 19, 2014PGS announces a significant multiclient 3D seismic program in the Ceduna sub-Basin offshore South Australia later this year.
Norway's PGS Says Order Book Rose to $644M by the End of May
Wednesday, June 11, 2014Seismic survey firm Petroleum Geo-Services sees order book grow by $34 million to reach $644 million by the end of May.
PGS and Partners Complete Abadi-Arafura-Aru Cross-Border Seismic Survey
Friday, May 09, 2014PGC with Spec Partners, Horizon and SKK Migas complete the Abadi-Arafura-Aru Mega cross-border seismic study off eastern Indonesia and northern Australia.
PGS and WesternGeco Win Barents Sea Seismic Work
Tuesday, March 11, 2014Statoil awards PGS and WesternGeco contracts to acquire 3D seismic data over blocks in the southeastern Barents Sea.
Noble Completes 3D Seismic Survey Offshore Falkland Islands
Monday, February 24, 20142,200 square miles of 3D seismic data collected over Northern Area licenses, offshore the Falkland Islands.
Seismic Surveyor TGS-Nopec Profit Beats Forecast
Thursday, February 06, 2014Seismic survey firm TGS-Nopec posts better-than-expected fourth-quarter earnings, bucking the trend in the seismic survey sector.
Ramform Atlas Seismic Vessel Named in Japan Ceremony
Friday, January 24, 2014PGS names its new seismic survey vessel 'Ramform Atlas' at a ceremony in Nagasaki, Japan.
Seismic Surveyor PGS Cuts 2013 Guidance like Peers
Wednesday, December 18, 2013Norwegian seismic survey firm PGS says it expected lower earnings this year due to reduced demand from oil companies.
Schlumberger Unit Files Patent Suit Against Norway's PGS
Wednesday, September 18, 2013Schlumberger subsidiary WesternGeco files a patent infringement complaint against Oslo-listed seismic surveyor PGS in a Houston court, the Norwegian firm says.
PGS Sees Strong Profitability, Healthy Order Book
Thursday, July 25, 2013Seismic data specialist Petroleum Geo-Services reports strong profitability and a healthy order book during the second quarter.
PGS Commences Seismic Survey in Browse Basin
Wednesday, July 03, 2013Petroleum Geo-Services starts a marine seismic survey in the Browse Basin, off Western Australia.
PGS Boosts 1Q Profit Thanks to GeoStreamer
Monday, April 29, 2013PGS says its GeoStreamer technology is helping to strengthen profitability.
Rheochem Swaps Stake for Seismic Survey
Tuesday, April 05, 2011Rheochem has entered into a HoA with PGS for its designated affiliate to transfer a 40% stake in six North Sea blocks in return for the access to 3D seismic data and associated seismic interpretation and engineering expertise over these blocks.
PGS Inks Letter of Award for 2 Ramforms with Mitsubishi
Wednesday, February 16, 2011Petroleum Geo-Services ASA (PGS) has signed a Letter of Award with Mitsubishi Heavy Industries for the delivery of two Ramform W-class vessels.
PGS, SeaBird to Jointly Develop Deep Water Node Seismic Solutions
Thursday, January 27, 2011PGS and SeaBird have signed a strategic cooperation agreement to further develop ocean bottom node solutions for deep water.
PGS Ventures Awarded Seismic Survey Offshore Ireland
Wednesday, July 07, 2010San Leon is pleased to announce that it has awarded PGS Ventures a contract to carry out a 300 sq. kms. seismic survey across the Slyne Basin, offshore west coast of Ireland.
TGS, PGS Commence New 3D Survey in North Viking Graben
Wednesday, July 07, 2010TGS has commenced a new multi-client 3D survey in partnership with PGS. This project, NVG10, covers a 3,500 km2 area in the North Viking Graben area of the Norwegian North Sea.
Northern Signs Strategic Seismic Collaboration with PGS
Monday, June 28, 2010Northern has signed a strategic collaboration agreement with PGS Ventures.
Shell, PGS Jointly Develop Fiber-Optic Seismic System
Tuesday, June 15, 2010Shell and PGS announced a collaboration to develop an ultra-high channel count fiber-optic seismic sensing system.
PGS Completes Crystal III Survey in GOM
Friday, June 11, 2010PGS recently completed the Crystal III survey in the Western Gulf of Mexico.
PGS Advances Sicily 3D Survey for AuDAX
Monday, April 12, 2010AuDAX reported that the PGS 3D seismic survey in the offshore Sicily Channel is progressing ahead of schedule.
PGS Names New 3D Seismic Vessel
Friday, April 09, 2010PGS named its new 3D seismic vessel, the 10-streamer PGS Apollo.
PGS Simplifies Operational Model for Future Growth
Wednesday, April 07, 2010PGS' new simplified organization will consist of Marine Contract, MultiClient, Data Processing & Technology, New Ventures and Operations.
AuDAX Contracts PGS for 3D Seismic Offshore Tunisia
Friday, February 26, 2010AuDAX Resources has signed a contract with PGS to acquire 670 km2 of 3D seismic data utilising PGS' leading edge proprietary Geostreamer Technology in the Kerkouane permit offshore Tunisia.
Providence, PGS Team Up for Offshore Seismic Ventures
Thursday, February 25, 2010Providence Resources has signed a strategic agreement with PGS Ventures for cooperation on offshore seismic survey design and acquisition.
PGS Chooses North American Data Center Provider
Wednesday, February 17, 2010Petroleum Geo-Services will occupy a 10,000 square foot data hall in CyrusOnes newest co-located data center located in West Houston.
PGS Closes Sale of Onshore Seismic Data Business
Monday, February 15, 2010PGS has closed the sale of PGS' Onshore seismic data acquisition business and related MultiClient library to Geokinetics.
PGS Readies Efficient Towed Streamer EM Capability
Monday, February 08, 2010PGS is a step closer to proving the operational capability of its towed EM technology, a solution with potential to radically reduce the cost of electromagnetic acquisition.
TGS Teams Up for New 3D Survey in North Viking Graben
Wednesday, August 26, 2009TGS will conduct a third 3D Multi-Client survey with PGS covering the North Viking Graben area in Norwegian waters.
PGS Names Industry's Most Sophisticated Seismic Vessel
Wednesday, July 01, 2009The most sophisticated vessel in the seismic industry, the 22-streamer Ramform Sterling was named today in Norway.