Last week (here) we looked at the impact of the horrific Russian invasion of Ukraine. Brent crude closed on Friday at US$118 per barrel. Russian artillery and missiles po ..
Polarcus
COLUMN | The First Four Days of Christmas 2021: Cairn/Capricorn, Vantage Drilling, North Star and Vard, Shearwater and Shell [Offshore Accounts]
Last year we took an offshore take to the familiar Twelve Days of Christmas carol (here) and (here). So, now it is time to revisit the first four festive players, and cat ..
COLUMN | More mistakes? Velesto, Shearwater, PXGEO and Polarcus, P&O Maritime Logistics, Bourbon Oceanteam and Boskalis, and James Fisher Subtech [Offshore Accounts]
Last week we looked at mistakes – mistakes from lenders in Singapore to Swiber and KrisEnergy (here), and a terrible error of judgement that led to the capsizing and si ..
COLUMN | A tale of six restructurings: Polarcus, Seadrill, Diamond Offshore, Siem Offshore, SeaBird Exploration, and Pacific Radiance [Offshore Accounts]
Charles Dickens offered only A Tale of Two Cities. This week, I offer a tale of no less than six restructurings, as the crisis in the offshore sector comes to a head. One ..
Polarcus to Cease Operations and Terminate All Employees
Oslo-listed seismic survey shipping company Polarcus (OSE: PLCS) has announced its intention cease operations and terminate all employees after its lenders withdrew support after taking over control of the company…
Seismic Surveyor Polarcus Defaults on Debt
OSLO, Jan 26 (Reuters) – 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…
Polarcus Bags 3D Project in Asia Pacific
Dubai-based offshore survey firm Polarcus has received a letter of award for providing 3D seismic data acquisition services in Asia Pacific, reports Splash247.
Polarcus projectThe project has an expected duration of 2.5 months and is scheduled to commence in the first quarter of 2021.
Polarcus has a...
https://mfame.guru/polarcus-bags-3d-project-in-asia-pacific/
Polarcus secures 4D project in the Far East
Polarcus has entered into a memorandum of agreement Sovcomflot group subsidiary SCF GEO for the provision of 4D marine seismic acquisition services in the Far East. The ..
TGS, Polarcus start new OBN survey offshore Norway
TGS and Polarcus have begun conducting a sparse ocean bottom node (OBN) survey in the Atlantic Margin off the coast of mid-Norway. This initial study phase is being ..
Polarcus secures work with Eni in Asia Pacific
Polarcus has entered into an agreement with Eni for the provision of 3D seismic data acquisition services. The work will be carried out in the Asia Pacific region and ..