PGS Wins Patent Dispute With EMGS
Petroleum Geo-Services ASA today announces that Oslo District Court in its judgment of 13 February 2015 ruled in favor of PGS in the lawsuit filed by ElectroMagnetic GeoServices ASA (‘EMGS’) against PGS for patent infringement relating to PGS’ Towed Streamer EM technology. The court found that EMGS’ patent NO 324 …
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 …
PGS and Geology Without Limits Have Acquired a 2D Scientific Survey in the Russian Barents and Kara Seas
Petroleum Geo-Services (PGS), within the framework of an international scientific program, has acquired 8,840 line km of 2D data in the Russian Barents Sea and Kara Sea. The 2D survey, conducted in partnership with Geology Without Limits, began in 2012, using the vessel Akademik Lazarev. This scientific research survey …
Technology Roundtable: Arctic Exploration
Continuing the series of Technology Roundtable discussions, ROGTEC talks “Arctic Exploration” with the leading exploration service and technology providers. With the cost of oil rising, and the eagerness for Russia to push its O&G frontier deeper into the Arctic, what will it take to make Arctic development a reality? Development …
TGS Announces New Multi-client 2D Survey in Labrador Sea
TGS has commenced a new 22,000 km multi-client 2D survey offshore Newfoundland in the Labrador Sea in partnership with PGS. The new seismic data is being acquired by the M/V Sanco Spirit and utilizes the PGS GeoStreamer® technology. Data acquisition will continue through Q3 2011 and the vessel will return …
ROGTEC talks with Alexander Dementjev, Country Manager of PGS in Russia
Alexander Dementjev Country Manager, Petroleum Geo-Services, Moscow The last year has been extremely tough for the oil exploration sector globally as well as in Russia. How is business for PGS in Russia today? Yes, indeed, all service companies have experienced a serious negative impact due to the economic crisis. Companies …