Petroleum Geo-Services: Rune Olav Pedersen Appointed New President & CEO
The Board of Directors of Petroleum Geo-Services ASA has appointed Rune Olav Pedersen (47) as the new President & CEO of the Company. He will succeed Jon Erik Reinhardsen on 1 September 2017. “The Board has run a thorough succession process since early spring, and assessed a number of very …
PGS Launches Large Scale Plastic Collection Concept
Petroleum Geo-Services ASA has developed a concept for efficient, large scale collection of plastic from the oceans. The solution uses the inherent benefits of seismic vessels and takes advantage of their air compressors and capabilities for handling large towing configurations. Each year, eight million tons of plastic ends up in the world’s …
Petroleum Geo-Services ASA : Fourth Quarter and Preliminary Full Year 2014 Results
PGS: Strong 2014 MultiClient Late Sales – Well Placed to Navigate Current Market Environment Revenues of $1,453.8 million, compared to $1,501.6 million in 2013Highlights 2014 EBITDA of $702.6 million, compared to $828.9 million in 2013 EBIT, excluding impairments, of $178.0 million, compared to $397.1 million in 2013 Group EBIT margin, excluding …
PGS: 3rd Quater Results – Revenues Up, EBITDA Down
Highlights Q3 2014: Challenging Market Good Contract and Cash Flow Performance Revenues of $394.2 million, compared to $365.6 million in Q3 2013 EBITDA of $181.7 million, compared to $216.0 million in Q3 2013 EBIT, excluding impairments, of $77.5 million, compared to $108.3 million in Q3 2013 Group EBIT margin, excluding impairments, of …