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Petroleum Geo Services ASA (PGS.OL)

PGS.OL on Oslo Stock Exchange

20.54NOK
5:06am EDT
Change (% chg)

kr-0.10 (-0.48%)
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kr20.64
Open
kr20.64
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kr21.22
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kr20.40
Volume
966,867
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2,787,858
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kr31.93
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kr14.84

Latest Key Developments (Source: Significant Developments)

Petroleum Geo Services raises NOK 920 mln in share issue
Thursday, 12 Nov 2015 02:10am EST 

Petroleum Geo Services ASA:Says that it has successfully raised around 919.6 million Norwegian crowns in gross proceeds through a placement of 21,779,999 new shares and 1,800,000 treasury shares.The price was 39 crowns per share compared to a closing price of 39.94 crowns on Nov. 11.Says have entered into share lending agreement with Ferd.Ferd has been allocated 2,178,000 shares.Morten Borge, Investment Director of Ferd AS, is a PGS Board Member and a primary insider of the Company.ABG Sundal Collier and Nordea Markets acted as Joint Global Coordinators and Joint Bookrunners for the Private Placement.  Full Article

Petroleum Geo Services lowers FY 2015 EBITDA outlook, will propose no dividend for FY 2015
Friday, 23 Oct 2015 01:58am EDT 

Petroleum Geo Services ASA:Has agreed that no dividend shall be proposed for FY 2015.Cuts FY 2015 EBITDA outlook to around $500 million from earlier view of ending up in the low range of $550-$700.  Full Article

Petroleum Geo Services to preserve cash as demand from oil firms plunges - Reuters
Wednesday, 2 Sep 2015 02:10am EDT 

Petroleum Geo Services ASA:Says will cold-stack another seismic ship, taking the total to three, and concentrate on preserving cash as demand from energy firms continues to plunge - Reuters.Says in-sea equipment from the Ramform Viking will be used on vessels in operation and reduces the company's capital expenditures related to maintenance in 2016 by about $50 million.Says cold-stacking of the three Ramform vessels will reduce quarterly cash costs by about $25-30 million with full effect from Q1 2016.Using seismic equipment, PGS' vessels scan the seabed for potential oil reserves, while energy companies buy the data to help them decide where to drill.  Full Article

Petroleum Geo Services ASA sees FY 2015 EBITDA to be at low end of prior range
Thursday, 23 Jul 2015 02:00am EDT 

Petroleum Geo Services ASA:Sees FY 2015 EBITDA to be in the lower range of the guided interval $550-700 million.  Full Article

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BRIEF-TGS and PGS to expand multi-client library off Eastern Canada

* Petroleum Geo-Services (PGS) and TGS-NOPEC announce the expansion of their jointly owned MultiClient library offshore Eastern Canada