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Technavio Research: Global Offshore Oil and Gas Seismic Equipment and Acquisitions Market 2020-2024: Market Analysis, Drivers, Restraints, Opportunities, and Threats - Technavio Click Get Free Sample Report in Minutes This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210128006210/en/ Technavio has announced its latest market research report titled Global Offshore Oil and Gas Seismic Equipment and Acquisitions Market 2020-2024 (Graphic: Business Wire) The rise in deepwater and ultra-deepwater E&P projects is one of the major factors propelling market growth. However, factors such as overcapacity constraints with seismic vessel fleets will hamper the market growth. ....
Litigation Release No. 24988 / December 18, 2020 Securities and Exchange Commission v. SAExploration Holdings, Inc., et al., No. 1:20-cv-08423 (S.D.N.Y. filed Oct. 8, 2020) On December 17, 2020, the U.S. District Court for the Southern District of New York entered a final consent judgment against SAExploration Holdings, Inc. (SAE), a Houston-based seismic data company, in connection with SAE s involvement in an accounting fraud that falsely inflated the company s revenue by approximately $100 million. The SEC s complaint, filed on October 8, 2020, alleges that beginning in 2015, four former SAE executives engaged in conduct that led SAE to report artificially and materially inflated revenue in connection with a purportedly unrelated customer that was in fact controlled by two of the former executives. The complaint further alleges that the former executives misappropriated millions of dollars from SAE. The SEC charged SAE and the four former executives with violating ....