Petroleum Geo-Services surges after $225m cash call to buy back bonds

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Petroleum Geo-Services surges after $225m cash call to buy back bonds

Oil Tanker 230x150
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Shares in Petroleum Geo-Services, the Norwegian oilfield surveyor, closed 10% higher on Wednesday after the company completed a Nkr1.9bn ($225m) capital increase overnight, to strengthen its balance sheet.

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