News
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Notice of Annual General Meeting 2016
EMGS' Annual General Meeting will be held Thursday 9 June 2016 at 15:00 in the Company’s offices on the 7th floor of Dronning Mauds gt 15, 0250 Oslo. Please find attached the notice to the Annual General Meeting.
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EMGS reports first quarter 2016 results
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 13.0 million in the first quarter 2016, down from USD 20.5 million in the fourth quarter 2015 and from USD 22.1 million in the first quarter 2015.
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EMGS implements changes to the organisation to reduce cost and increase efficiency
Electromagnetic Geoservices ASA (EMGS) announce several changes to the organisation to reduce the Company's cost base and increase efficiency in line with the level of expected activity.
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Settlement of patent disputes between PGS and EMGS
Electromagnetic Geoservices ASA (EMGS or the Company) announces that the Company has entered into a Settlement Agreement with Petroleum Geo-Services ASA (PGS) to settle the two companies’ patent disputes.
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Vessel update and activity for the first quarter 2016
Electromagnetic Geoservices ASA (EMGS) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on contracted or multi-client data acquisition. Downtime (technical or maritime) and standby activities is not included in the utilisation.
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EMGS reports fourth quarter 2015 results
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 20.5 million in the fourth quarter 2015, up from USD 16.3 million in the third quarter and down from USD 52.5 million in the fourth quarter 2014.