PGS ASA: Third Quarter 2022 Results
Improving Utilization and Contract Rates Strong Cash Flow Generation Takeaways Q3 2022 Revenues and Other Income of $198.5 million, compared to $141.7 million in Q3 2021 EBITDA of $98.1 million, compared to $65.6 million in Q3 2021 EBIT (ex. impairments and other charges, net) of $33.8 million, compared to a …
PGS Enters Strategic Collaboration with Magseis Fairfield for the Hybrid Towed Streamer and OBN Market
PGS has entered a strategic collaboration with Magseis Fairfield to address the growing hybrid towed streamer and OBN seismic market. The strategic collaboration has a global scope with initial focus on the North Sea, and a duration of one year with options to extend by two plus two years. The …
PGS: Centralize, Simplify and Streamline
Petroleum Geo-Services ASA (“PGS” or “the Company”) announces a new centralized, simplified and streamlined organization, which builds on the two business areas: Sales & Services and Operations & Technology. Over the last years fundamentals in the seismic industry have changed significantly. The market is smaller, weaker and more uncertain than …
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 …