Dolphin Group ASA, a Norwegian seismic surveyor that maps the seabed for oil and gas reservoirs, filed for bankruptcy as the collapse in crude prices claimed another victim. The Oslo-based company failed to reach a agreement with bondholders, banks and other stakeholders to restructure its debt and capital structure after months of talks and will file a petition for bankruptcy on Monday, it said in a statement. Trading in the company’s stock, which has plunged 96 percent this year to 0.11 krone, was suspended by the Oslo stock exchange and the Financial Supervisory Authority. “In light of the unpredictability of the oil price and subsequent spending cuts of our customers, it has become impossible to have the visibility needed to continue our business,” Chairman Tim Wells and Chief Executive Officer Atle Jacobsen said jointly in the statement. Subsidiary Dolphin Geophysical AS will also file a petition for bankruptcy with […]