Six of the seven seismic acquisition ships previously operated by Polarcus have been acquired by Bergen, Norway, headquartered Shearwater GeoServices Holding. [Read more…] about Shearwater Geo acquires six Polarcus vessels
Polarcus ceases operations as lenders prepare to sell fleet
The lenders of Polarcus instructed the company to bring operations to an end and sail six of the company’s vessel to a safe port to prepare for a sale. [Read more…] about Polarcus ceases operations as lenders prepare to sell fleet
Lenders take control of Polarcus vessels after company defaults
Lenders took control of Polarcus’s ships on Tuesday after the seismic surveyor defaulted on its bank loans and bonds, hit by a drop in spending by energy companies struggling with the COVID-19 pandemic and volatile oil prices. [Read more…] about Lenders take control of Polarcus vessels after company defaults
Polarcus awarded 3D project in West Africa
Polarcus announces a letter of award has been received for 3D seismic data acquisition services in West Africa. [Read more…] about Polarcus awarded 3D project in West Africa