News & Videos - ION GEOPHYSICAL - Page 2

ION announces first 3D multi-client program in Mauritania PR Newswire HOUSTON, July 23, 2020 HOUSTON , July 23, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced the first 3D multi-client program in Mauritania in partnership with the Ministry of Petroleum, Mines and Energy (MPME). ION will seamlessly integrate and reimage ~24,000 sq km of MPME-held 3D data and can expand the scope to include ~15,000 km of 2D data pending industry support. Leveraging the Company's latest...

ION announces preliminary second quarter 2020 revenues of ~$22 million, increasing cash by ~$24 million to $40 million (excluding net revolver borrowings) PR Newswire HOUSTON, July 1, 2020 HOUSTON , July 1, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that the Company expects second quarter 2020 revenues to be approximately $22 million , increasing cash to approximately $40 million (excluding net revolver borrowings) at June 30, 2020 , an improvement of...

ION and PGS announce global 2D exploration collaboration PR Newswire HOUSTON, June 29, 2020 HOUSTON , June 29, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) and PGS today announced an agreement to collaborate globally on 2D exploration data. Both companies have modern, high-quality multi-client data libraries that together cover all the significant hydrocarbon provinces around the world. The new joint data library will comprise nearly a million kilometers of uniquely complementary...

ION aims to make ports smarter, safer and greener, starting in Scotland PR Newswire HOUSTON, May 28, 2020 HOUSTON , May 28, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced the first successful digital switchover from manual operations to Marlin™ SmartPort optimization software for the initial project at Montrose Port Authority in Scotland with support from Scottish Enterprise. The migration to ION's digital solution took place as the UK moved to sheltering in place...

ION reports first quarter 2020 results Revenue growth of 53%, the highest first quarter revenues and operating income since 2014 PR Newswire HOUSTON, May 6, 2020 HOUSTON , May 6, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today reported total net revenues of $56.4 million in the first quarter 2020, a 53% increase compared to total net revenues of $37.0 million one year ago primarily due to an increase in 2D multi-client data library sales. ION's operating income was $6.3 million...

ION announces first quarter 2020 earnings and conference call schedule PR Newswire HOUSTON, May 4, 2020 HOUSTON , May 4, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that it will release its first quarter 2020 financial results on Wednesday, May 6, 2020 after the market closes. In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, May 7 at 10:00 a.m. Eastern Time ( 9:00 a.m. Central Time...

ION announces patent litigation settlement with WesternGeco PR Newswire HOUSTON, April 9, 2020 HOUSTON , April 9, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced a settlement of the decade-long patent litigation with WesternGeco regarding lateral streamer positioning. The parties signed an agreement where WesternGeco will permanently dismiss the pending lawsuit, grant ION a license to the patents and lift the injunction preventing ION from manufacturing DigiFIN™ in...

ION outlines $18 million cost reduction plan to mitigate adverse macroeconomic forces while maintaining business continuity PR Newswire HOUSTON, April 2, 2020 HOUSTON , April 2, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced enhanced measures to mitigate the impact of COVID-19 and oil price volatility while maintaining business continuity. The Company plans to scale down costs by $18 million during the remaining nine months of 2020 to preserve cash and manage...

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ION announces preliminary first quarter 2020 revenues in the range of $56-57 million, the highest first quarter revenues since 2014 PR Newswire HOUSTON, April 1, 2020 HOUSTON , April 1, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that the Company expects first quarter 2020 revenues to be in the range of $56 -57 million, over 50% greater than the first quarter 2019 and over 30% greater than the fourth quarter 2019. "Given the unprecedented market uncertainty from a...

ION receives continued listing standards notice from the New York Stock Exchange PR Newswire HOUSTON, April 1, 2020 HOUSTON , April 1, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that written notice was received from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with the continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual. ION is considered below criteria established by the NYSE for continued...

ION to divest non-strategic INOVA land seismic equipment joint venture PR Newswire HOUSTON, March 20, 2020 HOUSTON , March 20, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced the Company entered into an agreement to sell its 49% equity stake in INOVA Geophysical Equipment Limited (INOVA) for $12 million . INOVA is a land seismic equipment joint venture with BGP Inc., the world's largest land seismic service provider, who owns the remaining 51%. INOVA is a leading...

ION accelerates Marlin SmartPort development with new grant PR Newswire HOUSTON, Feb. 19, 2020 HOUSTON , Feb. 19, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced the Company received another grant from Scottish Enterprise, Scotland's national economic development agency, to broaden Marlin's scope to deliver comprehensive value to the global ports and harbors market. Developed in conjunction with subject matter experts and initial port clients, the Marlin™ SmartPort...

ION reports fourth quarter and year end 2019 results Fourth quarter revenue declines by 43% and full year by 3%, driven by reduction in multi-client revenues PR Newswire HOUSTON, Feb. 5, 2020 HOUSTON , Feb. 5, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today reported revenues of $42.7 million in the fourth quarter 2019 compared to fourth quarter revenues of $74.6 million one year ago. ION's net loss for the fourth quarter 2019 was $14.5 million , or a loss of $1.02 per share,...

ION announces fourth quarter and full year 2019 earnings and conference call schedule PR Newswire HOUSTON, Feb. 3, 2020 HOUSTON , Feb. 3, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that it will release its fourth quarter and full year 2019 financial results on Wednesday, February 5, 2020 after the market closes. In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, February 6 at 10:00...

ION signs multi-client agreement for 2D and 3D programs offshore Colombia PR Newswire HOUSTON, Jan. 22, 2020 HOUSTON , Jan. 22, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced the Company entered into a multi-client agreement with Colombia's National Hydrocarbon Agency, the ANH, granting rights to reprocess existing data and acquire new 2D and 3D multi-client programs offshore Colombia's Caribbean coast. In February, the ANH announced a series of reforms to encourage...

ION announces new 3D multi-client reimaging program offshore Uruguay PR Newswire HOUSTON, Jan. 13, 2020 HOUSTON , Jan. 13, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced a new 3D multi-client reimaging program offshore Uruguay . Leveraging the Company's existing regional UruguaySPAN data and subsurface knowledge, ION is reimaging 22,000 sq km of data over the country's deep water blocks to create a contiguous volume for a holistic exploration perspective of the...

ION announces CFO transition PR Newswire HOUSTON, Dec. 27, 2019 HOUSTON , Dec. 27, 2019 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced that Steve Bate , Executive Vice President and Chief Financial Officer, will be retiring and stepping down from his position as CFO effective February 1 , 2020. Mr. Bate, who joined ION in 2005, will remain with ION as a Strategic Advisor to the CEO until the end of June to facilitate a seamless transition. "On behalf of ION and our Board...

ION awarded large two-year ocean bottom data processing and imaging contract PR Newswire HOUSTON, Nov. 12, 2019 HOUSTON , Nov. 12, 2019 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced the Company was awarded a large two-year ocean bottom nodal data processing and imaging contract by ARGAS. ION will deliver high-end time and depth imaging to facilitate exploration and production of the acquired area. Full waveform inversion (FWI) will be a key component in the workflow to...

ION reports third quarter 2019 results Revenue growth of 13%, driven by Imaging Services and Marlin projects PR Newswire HOUSTON, Oct. 30, 2019 HOUSTON , Oct. 30, 2019 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today reported total net revenues of $53.2 million in the third quarter 2019, a 13% increase compared to total net revenues of $47.2 million one year ago. Both segment revenues increased during the quarter, driven by Imaging Services and Marlin™ projects. ION's net loss was...