Mexico seismic services company COMESA selected Paradigm as a strategic partner for its new seismic data processing center. Through the use of Paradigm software solutions for seismic processing and imaging, subsurface modeling and reservoir characterization…
Industrija nafte (INA), d.d. and Edison International have finally launched production on the North Adriatic Izabela gas field project, 60km off Pula, Croatia. Total gas reserves are estimated at about 1.4 billion cu m (8.5MMboe), with production expected at about 280 million cu m/y (4…
PGS announced plans for Springboard, a new multiclient 3D program in the Ceduna sub-basin offshore south Australia using the company's GeoStreamer technology. Acquisition is planned to start in late 2014 on this program, which will cover some 8000sq km of broadband GeoStreamer data…
Industry Minister Ian Macfarlane announced the award of nine new permits located in Commonwealth waters offshore Western Australia, Victoria, and the Territory of Ashmore and Cartier Islands as part of round one of the Australian government’s 2013 Offshore Petroleum Exploration Acreage Release…
Houston-based ION Geophysical Corp. has increased its ownership interest in OceanGeo B.V., a geophysical company specializing in multicomponent ocean bottom seismic acquisition using ocean-bottom cables (OBC). ION now owns 70% of OceanGeo…
Panoro Energy ASA commenced a 3D seismic acquisition program in the Dussafu block off Gabon. The work will be carried out by Polarcus and is planned to cover an area of approximately 1260 km2 in the outboard part of the Dussafu license. The…
Falkland Oil and Gas (FOGL) has said it is moving closer to securing a rig for a 2014 drilling campaign in the remote Falklands region. The firm, focused on areas to the south and east of the Falkland Islands, said a rig enquiry had been issued and available units identified…
ION Geophysical established a GX Technology (GXT) seismic data processing center in Perth, to serve the needs of oil & gas companies in Australia and throughout the Asia- Pacific region. The new center is staffed with geoscience professionals…
Norway-based multi-client seismic services firm Spectrum is to acquire 2D seismic offshore Croatia ahead of the country’s latest licensing round. Spectrum will acquire the seismic data using Cyprus-based Seabird Exploration. Seabird will acquire about 12…
Mediterranean Oil & Gas has increased its holdings offshore Malta after acquiring a 40% working interest in the Area 3 Exploration Study Agreement (ESA). The agreement covers blocks Blocks 1, 2 and 3 and is in partnership with Cairn Energy subsidiary Capricorn Malta…
SeaBird Exploration PLC was awarded a US $16 million contract for its 2D Osprey Explorer vessel in the South America region. The client has not been named. In addition, the Hawk Explorer has moved to Uruguay and started a 4000 km survey for Spectrum…
TGS-NOPEC Geophysical Company (TGS) announced at its Capital Markets Day that it will embark on several new partnerships. TGS and Electromagnetic Geoservices ASA (EMGS) agreed to jointly development multi-client projects in defined areas in northwestern Europe…
D.The government of Malta awarded blocks 1, 2, and 3 of Area 3 to Capricorn Malta, a subsidiary of Edinburgh-based Cairn Energy. The blocks are north of Malta and total 6400 sq km. Capricorn Malta will reprocess existing 2D seismic data…
Australian-listed exploration firm FAR says prospects offshore Kenya and Senegal “much larger than we originally assessed”.Announcing the outcome of updated prospective resource estimates following the completion of internal technical studies…
On 7 December 2012, the Government of Malta awarded three offshore blocks totaling 6,400sq km to Capricorn Malta, a subsidiary of Edinburgh-based Cairn Energy. Cairn CEO Simon Thomson, who succeeded Sir Bill Gammell as chief executive in July 2011…
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