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Polarcus Limited was a
PESA News. Polarcus vessels were the first fleet in the world to receive the DNV accredited Triple E rating for high
DNV. Polarcus Receives DNV Level 1 Triple-E™ Rating
Offshore Energy Today.
Founded in 2008 in
PLCS
The company was delisted in 2021.
geophysical
Geophysics () is a subject of natural science concerned with the physical processes and properties of Earth and its surrounding space environment, and the use of quantitative methods for their analysis. Geophysicists conduct investigations acros ...
research company operating a fleet of modern DP2 seismic research vessels worldwide.
Background
The company described itself as having a strong environmental focus that aims to decrease emissions to both sea and air.Predicting, Monitoring And Mitigating Greenhouse Gases In Seismic Vessels' Engine ExhaustPESA News. Polarcus vessels were the first fleet in the world to receive the DNV accredited Triple E rating for high
energy efficiency Energy efficiency may refer to:
* Energy efficiency (physics), the ratio between the useful output and input of an energy conversion process
** Electrical efficiency, useful power output per electrical power consumed
** Mechanical efficiency, a rat ...
and environmental performance ratings.Polarcus recognises green ship operations as a business advantageDNV. Polarcus Receives DNV Level 1 Triple-E™ Rating
Offshore Energy Today.
Founded in 2008 in Dubai
Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the Lis ...
, UAE
The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a federal elective monarchy made up of seven emirates, with Abu Dhabi serving as i ...
, Polarcus completed projects across the globe from Greenland to Sakhalin, Russia. After defaulting on debts, lenders took control of the company in January 2021. Shearwater GeoServices bought six seismic acquisition vessels for $127.5 million and streamers and related seismic equipment formerly owned by Polarcus for $50 million.
See also
*List of oilfield service companies
This is a list of oilfield service companies – which provide services to the petroleum exploration and production industry but do not typically produce petroleum. In the list, notable subsidiary companies and divisions are listed as sub-lists o ...
Shares
Polarcus listed its shares on theOslo Stock Exchange
Oslo Stock Exchange () (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway's only regulated markets for securities trading today. The stock exchange offers a full product range including equities, derivatives and fixed ...
OTC list in 2008, and in 2009 began trading on the Oslo Stock Exchange OSE list, under the tickePLCS
The company was delisted in 2021.
References
{{reflist Companies formerly listed on the Oslo Stock Exchange Companies based in Dubai Technology companies established in 2008 Technology companies of the United Arab Emirates Emirati companies established in 2008