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Wavefield Inseis AS Company News
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CGGVeritas Sets the Date for Acquisition of Wavefield Inseis
CGGVeritas announced that the settlement of its mandatory offer for the 38,903,024 shares of Wavefield Inseis that it did not own, as well as the 2,892,875 shares that could be created, will occur on Feb. 5, 2009.
7:00 PM EST | February 03, 2009
CGGVeritas' Settlement for Wavefield's Shares Expected to Close Tomorrow
CGGVeritas announced that the settlement of its mandatory offer for Wavefield's shares that it did not own on Dec. 30 will occur on or about Feb. 4.
7:00 PM EST | February 02, 2009
CGGVeritas Closes Mandatory Offer for All Wavefield Shares
CGGVeritas has closed its mandatory offer for the 38,903,024 shares of Wavefield Inseis that it did not own, as well as the 2,892,875 shares that might be created following the exercise of the existing stock options.
7:00 PM EST | January 27, 2009
CGGVeritas Makes Mandatory Offer for Remaining Wavefield Shares
CGGVeritas launched a mandatory offer for the 38,903,024 shares of Wavefield Inseis that it does not own, as well as the 2,892,875 shares that might be created following the exercise of the existing stock options.
7:00 PM EST | December 29, 2008
CGGVeritas Tenders 69.7% of Wavefield Shares
CGGVeritas announced the success of its voluntary exchange tender offer made for all the shares of Wavefield Inseis ASA that closed on December 12, 2008 and declared the Offer unconditional.
7:00 PM EST | December 14, 2008
Wavefield Snags First Seismic Contract with ExxonMobil Offshore Norway
Wavefield was awarded its first contract from ExxonMobil for the 2009 Ringhorne/Balder/Forseti Seismic Program offshore Norway.
7:00 PM EST | December 07, 2008
CGGVeritas Receives Approval for Wavefield Tender Offer
CGGVeritas' voluntary exchange tender offer for 100% of the shares of Wavefield Inseis has received formal approval from the Oslo Stock Exchange.
7:00 PM EST | November 25, 2008
CGGVeritas Submits Bid for Norway's Wavefield Inseis
CGGVeritas will make a voluntary exchange tender offer for 100% of the shares of Wavefield Inseis ASA.
7:00 PM EST | November 09, 2008
TGS, Wavefield Settle Score on Scrapped Merger
TGS and Wavefield have agreed to settle the dispute related to the merger process between the two companies, with Wavefield paying $12.5 million to TGS and the latter company chartering a 2D vessel for an 18 month period beginning in April.
7:00 PM EST | November 09, 2008
Wavefield Snags Major 3D Project Offshore Turkey
The National Oil Company of Turkey, TPAO, has awarded Wavefield Inseis a major 3D project offshore Turkey in the Black Sea.
7:00 PM EST | November 03, 2008
Wavefield's Geowave Endeavour Sets Seismic Vessel Record
The Geowave Endeavour acquired 4,911 sail kilometers during the month of October while working offshore Libya for BP, which is believed to be a new production record for any seismic vessel.
7:00 PM EST | November 02, 2008
Wavefield to Supply Seismic Sensor System for Ekofisk Field
Wavefield Inseis was awarded a contract to supply an ocean bottom seismic sensor system for reservoir monitoring at the ConocoPhillips' operated Ekofisk field in the North Sea.
8:00 PM EST | October 13, 2008
Wavefield Lands $170MM Contract for 3D Seismic Work Offshore India
Wavefield was awarded a contract, valued in excess of $170 million, for 3D seismic services offshore India.
8:00 PM EST | October 01, 2008
Chariot Taps Seabird, Wavefield for Seismic Program Offshore Namibia
Chariot has completed its offshore Namibia seismic tendering process and the appointment of Seabird Geophysical and Wavefield Inseis as external seismic data providers.
8:00 PM EST | September 28, 2008
TGS Updates on Arbitration Process with Wavefield
TGS has now received the next pleading and the writ related to the counterclaim from Wavefield in the arbitration process between the two companies.
8:00 PM EST | September 28, 2008
Geowave Endeavour Wraps Up Survey Offshore Norway, Sets Sails for Libya
The latest addition to the Wavefield Inseis fleet, the Geowave Endeavour, has successfully completed her first survey offshore Norway and is currently in transit to her next project offshore Libya.
8:00 PM EST | September 17, 2008
NOS Charters Wavefield's Geowave Voyager for 7-Year Firm Period
Wavefield entered into a sale and leaseback arrangement with NOS for the Geowave Voyager, currently outfitting in Singapore. The vessel will be time chartered for a seven-year firm period.
8:00 PM EST | September 17, 2008
Wavefield Addresses TGS' Comments, Plans to Terminate Merger
Wavefield Inseis has addressed certain comments made by TGS regarding the merger between the two companies and its advice for shareholders to terminate the merger process and seek compensation from Wavefield.
8:00 PM EST | August 20, 2008
TGS-NOPEC Board, Management Say Nay to Merger
The Board of Directors and the Executive Management of TGS-NOPEC have recommended to Company shareholders to terminate the merger process with Wavefield Inseis and to seek compensation limited upwards to US $700 million.
8:00 PM EST | August 18, 2008
Geowave Endeavor Moves on to BG Norge's North Sea Operations
Wavefield Inseis' high capacity 3D vessel M/V Geowave Endeavour was delivered from Fosen Yard and taken on a 7 year time-charter from Volstad Maritime in July 2008. The vessel mobilized for their first large 3D contract with BG Norge on July 28th.
8:00 PM EST | August 05, 2008
StatoilHydro Awards $234MM in Seismic Contracts
StatoilHydro has awarded 2009 seismic work on the Norwegian Continental Shelf to PGS Geophysical, CGG Veritas and Wavefield Inseis.
8:00 PM EST | August 04, 2008
Geotrace Grabs Significant 3D Seismic Project Offshore Libya
Geotrace will be providing one of the world's largest onboard seismic data processing projects to BP Exploration Libya Ltd as part of a seismic acquisition contract awarded to Wavefield Inseis by BP Exploration Libya Limited.
8:00 PM EST | August 03, 2008
Wavefield, StatoilHydro Ink LOI for North Sea Operations
Wavefield Inseis received a LOI from StatoilHydro to award a full season of work in the North Sea next year to the Geowave Master.
8:00 PM EST | July 31, 2008
TGS-Wavefield Merger Slogs Ahead
TGS released information regarding to its upcoming merger with Wavefield-Inseis. TGS adamantly reiterates its intention to adhere to the original terms of the merger.
8:00 PM EST | June 17, 2008
Wavefield Inseis Snaps Huge Seismic Contract from BP Libya
Wavefield Inseis has received a letter of interim arrangement from BP
Exploration Libya Ltd. for one of the world's largest 3D seismic
acquisition and onboard processing contracts ever to be awarded.
8:00 PM EST | June 04, 2008
TGS, Wavefield Merger Grinds Forward
TGS-NOPEC Geophysical Company has noted that shareholders of Wavefield Inseis have requested two additional proposals on the agenda for their Ordinary General Meeting of Shareholders on June 18, 2008, both related to the merger between the companies.
8:00 PM EST | June 03, 2008
Wavefield Inseis Falls Short of the Mark in First Quarter Results
Wavefield Inseis announced unaudited first quarter results, which, while far short of the company's goal, were still in the black.
8:00 PM EST | May 19, 2008
Lansdowne Completes Celtic Sea Seismic Survey
Lansdowne Oil & Gas says its 2D seismic acquisition program on
License 5/08, in the Celtic Sea, offshore Ireland has been successfully completed.
8:00 PM EST | May 08, 2008
TGS Pushes for Wavefield Inseis Merger with Writ
TGS-NOPEC Geophysical Company ASA (TGS) and Wavefield-Inseis ASA have jointly appointed Harald Arnkvaern, Gunnar Aasland and Georg Scheel as arbitration panel.
8:00 PM EST | April 21, 2008
Wavefield Inseis Wins 3D Contract For Geowave Endeavour
Wavefield Inseis announced that they have been awarded their first 3D contract for Geowave Endeavour by BG Norge Ltd.
8:00 PM EST | April 17, 2008
Wavefield Inseis Secures Additional Seismic Vessel Capacity
Wavefield Inseis ASA has signed an agreement with Shanghai Offshore Petroleum Geophysical Corporation (SOPGC) for a one and a half year Bare-Boat Charter of the fully equipped 2D/source vessel Discoverer 2 with two single year extension options.
8:00 PM EST | April 16, 2008
New Seismic Ready For Barbados 1st Offshore Licensing Round
Wavefield Inseis has successfully acquired a 8,000 km long offset multi-client 2D seismic survey offshore Barbados, in cooperation with the Government of Barbados in view of Barbados' 1st offshore licensing round.
8:00 PM EST | April 15, 2008
Wavefield Shoots Down Merger with TGS
The board of directors of Wavefield, after input and deliberation with large shareholders, is instructed to prevent the completion of the merger and seek a termination of the merger either through an amicable agreement or an arbitration process.
7:00 PM EST | January 09, 2008
TGS Implements Arbitration in Attempted Merger with Wavefield
TGS-NOPEC Geophysical Company ASA (TGS) and Wavefield Inseis ASA (Wavefield) have not reached an agreement regarding completion of the merger during the 30 days negotiation period.
7:00 PM EST | January 06, 2008
TGS Anticipates Q4 2007 Net Revenues of $168 Million
Based on
preliminary reporting from all operating units, TGS-
NOPEC Geophysical ASA (TGS) now expects its stand
alone net revenues for the fourth quarter of 2007
to be approximately USD 168 million.
7:00 PM EST | January 06, 2008
Wavefield Enters $37.5 Million Bridge Financing for Seismic Vessel
Wavefield Inseis ASA has entered into a bridge financing agreement in
the amount of USD 37.5 million with Nordea Bank Norway.
7:00 PM EST | January 02, 2008
Notice to TGS and Wavefield Shareholders to Honor Merger Plans
TGS wishes to notify shareholders that the merger plan signed by both Wavefield and TGS calls for disagreements between the two companies to be addressed by a Norwegian arbitration panel of judges.
7:00 PM EST | January 01, 2008
Wavefield Inseis Charters SMNG's Dual-Streamer Vessel for One Year
Wavefield Inseis has made an agreement
with Sevmorneftegeofizika (SMNG), Russia's largest marine geophysical
company, to charter the dual-streamer vessel Akademik Shatskiy for a
minimum of one year.
7:00 PM EST | January 01, 2008
TGS Says Wavefield Not Participating in Wide Azimuth Project
Wavefield Inseis will not participate in the wide azimuth project due to the inability to satisfy the operational requirements of the project within the time constraints.
7:00 PM EST | December 06, 2007
TGS Initiates Dispute Resolution Procedures in Relation to Merger
TGS-NOPEC Geophysical has formally initiated dispute resolution procedures in relation to the merger agreed with Wavefield Inseis.
7:00 PM EST | December 06, 2007
Desire Petroleum Completes Falkland Seismic Survey
Wavefield InSeis has completed the full site survey program on Tranches C, I and L as planned. The entire survey was successfully acquired in 6 days with no weather downtime.
7:00 PM EST | December 05, 2007
Rockhopper Commissions North Falkland Survey
Rockhopper Exploration plc said that it has commissioned Wavefield Inseis to conduct a site survey over its Ernest prospect in license PL024 in the North Falkland Basin.
7:00 PM EST | November 27, 2007
Wavefield Wins 3D Work from BG Offshore Norway
BG issued a LOI to award Wavefield Inseis a 3D seismic contract for Block 6302/6, located in BG's Tulipan West license in the Norwegian Sea.
7:00 PM EST | November 26, 2007
Wavefield Returns to North Falkland Basin for Site Survey
Desire Petroleum says that Wavefield InSeis will return to the North Falkland Basin later this month to complete the site survey program started earlier this year.
7:00 PM EST | November 19, 2007
TGS NOPEC Says No Basis for Merger Delay
TGS-NOPEC says there is no legal basis for a delay in the merger, TGS is not in a position to consider a revision to the terms of the existing agreement.
7:00 PM EST | November 19, 2007
Wavefield Enters US$37 Million Loan Agreement with TGS
Wavefield Inseis has entered into a loan agreement in the amount of US$37.5 million with TGS Nopec Geophysical as an interim financing in conjunction with the purchase of the new 10 streamer 3D vessel.
8:00 PM EST | October 31, 2007
Wavefield Secures High-End 3D Vessel, 10 Stream
Wavefield Inseis has secured additional high-end 3D streamer capacity.
8:00 PM EST | October 16, 2007
Wavefield Inseis Completes Purchase of Optoplan AS
Wavefield Inseis has exercised their option to purchase the remaining shares of Norwegian optical sens or specialist Optoplan AS from Weatherford.
8:00 PM EST | September 30, 2007
TGS Wavefield: Merger Approved by Shareholders of Both Companies
TGS-NOPEC Geophysical and Wavefield Inseis have approved the merger plan dated August 20, 2007 in order to merge the two companies on September 20, 2007.
8:00 PM EST | September 20, 2007
Wavefield Inseis Wins Seismic Contracts from BP and OMV
Wavefield Inseis has been contracted by BP to carry out a seismic survey to the west of the Shetland Islands.
8:00 PM EST | September 13, 2007