Marine company PGS was awarded a 3D exploration contract in Asia Pacific. (Source: Shutterstock)
Marine company PGS was awarded a 3D exploration contract in Asia Pacific according to a Dec. 7 press release.
The Ramform Sovereign is scheduled to mobilize for the survey this December, and the contract’s total duration is approximately 50 days, the release stated.
“Most of our activities in Asia Pacific this year have been well pre-funded multiclient projects,” said Rune Olav Pederson, president and CEO at PGS. “Now we are experiencing increasing contract tendering activity and see potential for more proprietary work in the region.”
The release added that PGS announce contract awards and multiclient projects as stock exchange releases if the contract’s value is $10 million or more, multiclient projects with a duration of two months or more and “strategically important contracts.”
Recommended Reading
Enbridge Among Growing List of Earnings Boosted by Acquisitions
2024-11-01 - Enbridge’s utilities acquisitions and gas transport growth helped to drive earnings in the third quarter.
BP Seeks Buyers for US NatGas Pipeline System Stake, Sources Say
2024-12-06 - BP is seeking buyers for a stake in its U.S. natural gas pipeline network, sources say.
Blackstone in Talks to Buy US Pipeline Stakes from EQT for $3.5B, Sources Say
2024-10-28 - If the talks are successful, the deal would help natural gas producer EQT slash the debt pile it accumulated from its acquisition of pipeline operator Equitrans Midstream earlier this year.
LS Power Completes Acquisition of Algonquin Power’s Renewables Unit
2025-01-09 - With the transaction’s closure on Jan. 8, LS Power formed Clearlight Energy to manage the acquired renewable energy assets.
TotalEnergies Sells Half of US Renewable Portfolio to Apollo
2024-12-04 - TotalEnergies is acquiring Germany’s VSB Group while selling 50% of a 2-gigawatt renewable portfolio in Texas.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.