Polarcus: Mobilizes for Fedynsky in the Russian Arctic
Polarcus, in collaboration with Russia’s Dalmorneftegeophysica (“DMNG”), has mobilized for the 3,000 sq. km high-density broadband Fedynsky 3D survey in the Russian Barents Sea. Polarcus Nadia departed Kirkenes, Norway, on 07 June for the project area. This project forms part of the Company’s existing backlog that has been previously announced …
Polarcus Signs Multi-Client Collaboration Agreement with ION
Polarcus Limited is pleased to announce that the Company has entered into a three year agreement with ION Geophysical Corporation to jointly develop, execute, and market 3D marine multi-client projects to E&P companies worldwide. The agreement combines Polarcus’ proven expertise in the 3D multi-client space with that of ION’s GeoVentures …
Polarcus Receives First-Ever Level 1 Triple-E Rating
Polarcus has today received the world’s first-ever DNV Level 1 Triple-E rating. The official declaration was handed over to Polarcus CEO, Rolf Rønningen, and Polarcus SVP Marine Acquisition, Duncan Eley, by DNV during a client seminar held in Stavanger, Norway on 28 November 2012. Triple-E is a voluntary environmental rating …
TGS Signs Additional Letter of Intent for 3D Vessel
TGS announces that it has signed a Letter of Intent with Polarcus to charter the 12 streamer new build vessel, M/V Polarcus Amani, for 3D multi-client projects in Europe during the 2012 summer season. The charter will begin in mid-April and last for approximately five months. The details of the …
Polarcus – Successful placement of new bond issue
Polarcus Limited has successfully completed the NOK 230 million bond issue (the “Bond Issue”) due November 2014. The bonds will be issued with a coupon of 14.00% p.a., interests to be paid semi-annually, and the net proceeds from the Bond Issue will be used for partly refinancing of the bond …
Polarcus Enters into Research Collaboration Project to Reduce CO₂ Emissions
Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has entered into a research collaboration project with Cambridge Carbon Capture Ltd (CCC) in the United Kingdom to develop carbon mineralization technology. Such technology could potentially be used to reduce CO2 emissions from ships, including emissions from Polarcus’ fleet …
Polarcus: Third Quarter 2011 Report – Webcast and conference call
Polarcus Limited (OAX: PLCS) is pleased to announce that the Company will be releasing its Third Quarter 2011 Report on Wednesday, 02 November 2011 at approximately 10:00hrs UAE (06:00hrs GMT / 07:00hrs CET). A webcast and conference call will be hosted by Rolf Rønningen, CEO, and Tom Henrik Sundby, CFO, …
Polarcus completes USD 410 million bank loan facility
Reference is made to the announcement on 21 July 2011 regarding the USD 410 million bank loan facility. Polarcus Limited is pleased to announce that the Company has signed the loan documentation for a bank loan facility of USD 410 million with DnB NOR Bank ASA and DVB Bank SE, …
Polarcus achieves significant transit savings via the Northern Sea Route
Polarcus Limited is pleased to announce that the Company’s ultra-modern 12-streamer 3D seismic vessel, POLARCUS ALIMA, has achieved a significant first in the seismic industry, having successfully transited to Asia-Pacific via the Northern Sea Route (NSR). Her passage commenced on 15 September from Hammerfest in Norway after completion of seismic …
Polarcus Selma officially named by Russian Prime Minister Vladimir Putin
Polarcus Limited is pleased to announce that the Prime Minister of the Russian Federation, Vladimir Putin, has assumed the role of Guardian to the seismic vessel Vyacheslav Tikhonov, formerly POLARCUS SELMA, during a naming ceremony held today in the Russian Black Sea city of Sochi. The ultra-modern seismic vessel Vyacheslav …