Geoscience News

 

UKCS Exploration: "Could do better"

Dec 17, 2015

Better success rates from North Sea exploration drilling could be achieved if historical well data was stored and shared better, according to the results of a review of well data published. The Oil and Gas Authority says a lack of quality geoscience and geophysics work…

PGS claims seismic spread record

Dec 17, 2015

Norway-based geoscience firm PGS has laid claim to the industry's largest seismic spread, offshore Myanmar. The firm says its vessel, the Ramform Titan, working in the Bay of Bengal, is towing the industry’s first ever single vessel 18 streamer seismic operation…

Polarcus starts Australian Cygnus 3D shoot

Dec 16, 2015

Norway-based geoscience firm Polarcus has started a new RightBAND multi-client project over the Vulcan Sub-basin, offshore the North West Shelf, Australia. The Cygnus 3D Survey is being acquired with joint investment from Spectrum and DownUnder GeoSolutions…

Rosneft completes 2015 seismic program

Dec 15, 2015

Rosneft has completed its 2015 geological exploration program at offshore licenses using 2D seismic survey methods that covered 20,434km in the Kara Sea, Chukchi Sea, and Laptev Sea. For the first time, 2D seismic exploration was carried out with support of an integrated information system…

Irish Sea offshore study published

Dec 14, 2015

The UK's Crown Estate has published a study by the British Geological Survey summarizing the geological conditions of the Irish Sea. It is intended that the study will provide a valuable resource for anyone considering development of offshore infrastructure in the region…

Dolphin files for Bankruptcy

Dec 14, 2015

Norway-based geoscience firm Dolphin Geophysical has filed for bankruptcy just days after warning it had struggled to restructure its debt and capital structure. The firm, whose shares halved last Thursday after it warned it could have to file for insolvency…

Dolphin in insolvency warning

Dec 10, 2015

Norway-based geoscience firm Dolphin Group has said it may be forced into insolvency if it is not able to restructure its business. The firm, which owns Dolphin Geophysical, saw shares halve in trading this morning, following its announcement…

EMGS enters US GoM 3D deal

Dec 09, 2015

Electromagnetic Geoservices (EMGS) announces that the company has entered into a data licensing agreement with an international oil company for the provision of 3D EM data from the multi-client data library over the Daybreak project located in the western US Gulf of Mexico worth a total of US$1…

Northern Explorer to leave Gigante survey

Dec 07, 2015

SeaBird Exploration has announced that Northern Explorer has been commissioned for work in the greater Caribbean area and will leave the TGS Gigante survey in the beginning of January 2016 for an estimated 6-8 weeks. Phase one of the survey…

Southeast Barents could contain 2 billion bbl reserves

Dec 07, 2015

The Norwegian Ministry of Petroleum and Energy has announced that 26 companies have bid for acreage in the 23rd licensing round. The round offers nearly 60 frontier exploration blocks with around half in the exciting new Arctic province of the Norwegian Southeast Barents Sea…

KrisEnergy spuds Mustika-1

Dec 07, 2015

KrisEnergy spudded the Mustika-1 exploration well in the East Java Sea, marking the beginning of its operated Satki production sharing contract (PSC). Image from KrisEnergy. Mustika-1…

EMGS sells Brazil EM data

Dec 04, 2015

Electromagnetic Geoservices (EMGS) has announced that the company has entered into a data licensing agreement with an international oil company for the provision of 3D EM data from the multi-client data library over the Foz de Amazonas and Ceara basin in Brazil worth a total of US$ 4.1 million.

EHL enters extension period

Dec 02, 2015

Image from iStock. African Petroleum's wholly-owned subsidiary European Hydrocarbons Ltd. (EHL) entered into the first extension period on the SL-03 license, offshore Sierra Leone. The…

Polarcus takes XArray offshore Auz

Dec 02, 2015

Polarcus recently completed its first commercial project offshore Australia utilizing the revolutionary XArray in a five source configuration known as Penta source. With XArray Penta source we are achieving unparalleled data density at 6…

Real-time seismic hazard monitoring with PRM

Dec 01, 2015

The recent integration of automated real-time seismic hazard detection is the latest development furthering the argument for permanent reservoir monitoring. Aaron Smith, of PGS, sheds light. Fig…

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