July 17, 2012: Oslo, Norway. Petroleum Geo-Services ASA ("PGS" or "the Company") will present second quarter results on July 26, 2012. The Company expects to report results which are significantly better than current market expectations, driven by excellent performance in all units. PGS has not ...
LYSAKER, NORWAY -- (Marketwire) -- 07/03/12 -- Petroleum Geo-Services ASA ('PGS' or the 'Company') routinely releases information about 3D vessel utilization after the end of each quarter.
Summary of vessel utilization:
+-------------------------------------+---------------+---------------+ | Approximate allocation of PGS total | Quarter ended | Quarter ended | | 3D towed streamer capacity | June 30 [...]
GeoStreamer® Delivers Record Pre-funding Revenues Highlights Q1 2012 * Revenues of $365.0 million, up 51% from Q1 2011 * EBITDA of $145.7 million, up 100% from Q1 2011 * EBIT of $35.8 million, up $33.3 million from Q1 2011 * Total MultiClient revenues of $157.9 million, up 202% from Q ...
"Strong Q4 MultiClient late sales revenues offset the weak utilization and productivity for marine contract work in the quarter. Late sales revenues in 2011 were by far the best in PGS' history. Europe, Middle East, and North and South America all delivered strong MultiClient revenues. West Africa will be an important region for us in 2012 as we have commenced a large MultiClient project covering five pre-salt blocks [...]
The Ramform Valiant, a seismic vessel owned and operated by Petroleum Geo-Services ASA, has started acquisition of over 26,000 km² of GeoStreamer® data in five blocks in the Kwanza/Benguela Basins in Angola. The size of the survey area corresponds to an area slightly larger than Massachusetts or Wales. Following the block awards made on December 20th, BP, Total and Statoil
Petroleum Geo-Services (PGS) and the Norwegian Academy of Science and Letters have signed a cooperation agreement regarding support for measures to increase interest in mathematics in general and to improve competence in mathematics both in Norway and in developing countries. The agreement has an an ...
NOT FOR DISTRIBUTION IN AUSTRALIA, CANADA OR JAPAN
Petroleum Geo-Services ASA ('PGS') today announces the pricing of an offering of USD 300 million senior notes due 2018 (the 'Notes') guaranteed on a senior basis by certain of its subsidiaries. The Notes were priced with a coupon of 7.375% and will be issued at 98.638% of the principal amount. PGS expects to use the net
LYSAKER, NORWAY -- (Marketwire) -- 11/10/11 -- Petroleum Geo-Services ASA ('PGS') today announces the pricing of an offering of USD 300 million senior notes due 2018 (the 'Notes') guaranteed on a senior basis by certain of its subsidiaries. The Notes were priced with a coupon of 7.375% and will be issued at 98.638% of the principal amount. PGS expects to use the net proceeds of the offering for general corporate
NOT FOR DISTRIBUTION IN AUSTRALIA, CANADA OR JAPAN
Lysaker, Norway, November 4, 2011: Petroleum Geo-Services ASA ('PGS') today announces an offering of USD 300 million senior notes due 2018 (the 'Notes') guaranteed on a senior basis by certain of its subsidiaries. PGS expects to use the net proceeds of the offering for general corporate purposes. PGS intends to