Polarcus Ltd. Company News

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Polarcus Shrinks Workforce by 20 Percent
Tuesday, June 23, 2020Various measures should reduce the company's operating costs by about $7 million.

Polarcus Secures Data Acquisition Project in Asia Pacific
Friday, November 11, 2016Dubai-based marine geophysical company Polarcus Ltd. announced Friday that it has been awarded a contract for a broadband 3D marine seismic project in Asia Pacific.

Polarcus Bags Broadband 3D Marine Seismic Contract in Australasia
Friday, September 23, 2016Polarcus bags a contract to provide broadband 3D marine seismic project in Australasia.

Polarcus to Conduct European 3D Seismic Acquisition
Friday, September 23, 2016Polarcus Limited receives a letter of intent to conduct a 3D marine seismic acquisition in Europe, utilizing its XArray multiple source acquisition method.

Polarcus Secures 3D Marine Seismic Acquisition Deal in Australia
Thursday, September 15, 2016Polarcus receives a letter of award for 3D marine seismic acquisition in Australia.

Polarcus Secures 3D Seismic Survey Project Offshore South America
Wednesday, June 15, 2016Polarcus Limited receives a letter of intent from an "undisclosed client" for a broadband 3D marine seismic survey offshore South America.

Polarcus Secures Marine Seismic Contract in Indonesia
Tuesday, April 12, 2016Polarcus Limited receives a letter of intent from an undisclosed client for a 3D marine seismic contract in Indonesia.

Polarcus Secures 4D Survey Project Offshore Norway
Friday, February 12, 2016Polarcus Limited will conduct a 4D survey project over a field offshore Norway in May this year.

Polarcus is Setting Seismic Acquisition Performance Records Off Myanmar
Thursday, January 21, 2016Polarcus is setting seismic acquisition performance records offshore Myanmar.

Polarcus Wins Australian, South American Seismic Projects
Wednesday, December 16, 2015Seismic survey firm Polarcus wins a series of projects in Australia and South America.

Polarcus Wins 3D Seismic Survey Deal
Tuesday, December 15, 2015Norwegian seismic survey firm Polarcus receives letter of intent for a 3D marine seismic survey contract.

Polarcus Completes 3D Seismic Program Offshore Australia's NWS
Friday, November 13, 2015Polarcus, in collaboration with DownUnder GeoSolutions, completes a multi-client 3D seismic program offshore North West Shelf, Australia.

FAR in Farm-in Option Agreement for Senegal Offshore Block
Thursday, September 24, 2015FAR Limited enters into a farm-in option agreement with a subsidiary of Trace Atlantic Oil Ltd for the Djiffere block offshore Senegal.

Polarcus Receives LOI for a 3D Marine Seismic Project off West Africa
Friday, September 18, 2015Polarcus receives a letter of intent to undertake a 3D marine seismic project offshore West Africa.

Polarcus Awarded Broadband 3D Project in Myanmar
Monday, September 07, 2015Polarcus is awarded a 3D marine seismic project, offshore Myanmar, from Shell Myanmar Energy.

Polarcus 2Q Results: Riding Out the Seismic Storm
Wednesday, August 05, 2015Seismic survey firm Polarcus reports 2Q results that show lower revenues and profits but it believes it is 'riding out the storm' in the seismic market.

First Oil Achieved from Cidade de Itaguai FPSO Offshore Brazil
Monday, August 03, 2015BG Group reports first oil from the Cidade de Itaguai FPSO vessel that is producing from the Iracema North area of the Lula field offshore Brazil.

Polarcus Wins 3D Seismic Project
Monday, August 03, 2015Polarcus wins a 3D marine seismic project that will use its RightBAND technology, but the client and location remain secret.

Polarcus Commences Multi-Client Survey Offshore Northwest Africa
Monday, July 20, 2015Polarcus Limited commences a new 3D broadband multi-client survey across the Mauritania-Senegal-Guinea-Bissau Basin, offshore northwest Africa.

TGS to Buy Seismic Data Library from Polarcus
Monday, June 29, 2015TGS signs a letter of intent to acquire Polarcus's multi-client seismic data library for $27.5 million.

TGS, Polarcus Agree 3D Seismic Vessel Capacity Deal
Wednesday, June 10, 2015Letter of intent will see Polarcus supply TGS with an estimated six months of 3D seismic vessel capacity in 2016.

Polarcus Signs Seismic Services Deal with NAMCOR
Friday, May 29, 2015Polarcus signs a deal to collaborate on seismic data acquisition and geoscience analysis with the National Petroleum Corporation of Namibia.

Polarcus Halfway Through a 3D Seismic Assignment Off Western Australia
Tuesday, April 14, 2015Polarcus completes 50 percent of a 3D seismic assignment offshore Western Australia.

Polarcus Wins Offshore Norway Work for its Adira Seismic Vessel
Thursday, April 09, 2015Polarcus wins a contract with fellow seismic survey firm TGS-Nopec that will see its 3D seismic vessel Polarcus Adira operate offshore Norway from this month.

Polarcus Sees Increase in Seismic Vessel Utilization
Tuesday, April 07, 2015Polarcus reports that its seismic vessels saw an increase in usage during the first quarter of 2015.

Polarcus Secures Additional Funding, Expands Project Offshore Australia
Friday, April 03, 2015Polarcus secures additional industry prefunding enabling the expansion of the survey northwards with an additional 7,130 square kilometers.

Polarcus Signs LOI for 3D Seismic Project in the UKCS
Friday, March 20, 2015Polarcus signs a letter of intent to carry out 3D marine seismic project in the United Kingdom Continental Shelf in the second quarter of 2015.

Polarcus Names Rod Starr as CEO to Succeed Rolf Ronningen
Monday, January 12, 2015Polarcus names Rod Starr as CEO to succeed Rolf Ronningen as head of the Dubai-based marine geophysical company.

Polarcus Receives Commitment for 3D Seismic Project in Australasia
Thursday, January 08, 2015Polarcus receives a commitment for a 3D marine seismic acquisition project in Australasia.

Polarcus to Commence 3D Survey Over Roebuck Basin, Offshore NWS
Thursday, October 23, 2014Polarcus will commence 3D survey over the Roebuck Basin, offshore NorthWest Shelf, Australia.

Polarcus: FAN-1 Opens Up West African Coastline for Exploration
Thursday, October 09, 2014Seismic survey operator Polarcus says Cairn Energy's recent FAN-1 oil discovery offshore Senegal could open up exploration along 500 miles of West African coastline.

Polarcus Strengthens Company's Presence in Brazil
Tuesday, September 02, 2014Polarcus strengthens the seismic services company's presence in Brazil.