The Brazilian government will offer in an auction in October production sharing contracts for companies to explore areas that it says hold 'significant volumes of oil and gas', the country's energy council CNPE said on Thursday.After a meeting in Brasilia…
Exxon Mobil Corp has resumed seismic exploration for oil and gas off of the coast of Guyana after halting work in December due to a run-in with the Venezuelan navy, a Guyanese government official said on Tuesday.Vessels have been able to travel unimpeded since the incident…
Cabled subsea instrumentation will help increase the accuracy of time-lapse seismic data for Norwegian energy firm Equinor at the giant Johan Sverdrup oil field in the North Sea, about 87 miles west of Stavanger, Norway.From first production at the development…
Norwegian offshore survey specialist Shearwater GeoServices has been awarded three 4D seismic surveys by Equinor to be conducted this summer.The Geoservices company said in a press release that the projects confirm Shearwater’s Isometrix crews will be active in 2019…
Dutch deep-sea prospector Fugro reported on Monday a 19.2 percent rise in full-year 2018 revenue to 1.65 billion euros ($1.87 billion), helped by growth across all divisions.The company met its 2018 revenue and EBIT (earnings before interest and tax) margin targets…
Dutch marine contractor Royal Boskalis Westminster has acquired a 62.5% majority stake in the UAE's Horizon Group to expand its surveying capabilities.According to press statement, the remaining 37.5% of the shares will be held by the incumbent management…
Offshore survey specialist Shearwater GeoServices has been awarded a major exploration survey in Brazil by TGS, the provider of multi-client geoscience data to oil and gas exploration and production companies worldwide.The project will be executed…
Somalia, a country that has been trying, albeit with little success, to shed off the image of a nation in turmoil because of its insecurity, instability and a preferred haven for for militant groups, has big plans for auctioning some of its…
Global geosciences company Benthic has begun operations for Equinor on a four-month geotechnical campaign in the BM-C-33 and BM-S-8 blocks located off the coast of Brazil.Mobilization of PROD3 (Portable Remotely Operated Drill) onto the MV Sable…
UK-based provider of consultancy, health & safety advisory, workforce solutions and software services Specialist Marine Consultants (SMC) has won a framework agreement from Total to provide geophysical acquisition supervision.SMC said that the…
Dana Gas will begin drilling this year in an area it says could become Egypt's next giant Mediterranean gas field, after seismic data pointed to reserves as large as 20 trillion cubic feet.That data will be put to the test beginning in April or May…
A new tool is being added to the box for hydrocarbon hunting – and a raft of other anthropomorphic and chemical signatures in the world’s seas and oceans. Offshore Engineer reports on developing unmanned wide area remote ocean sensing systems for seep…
CGG and TGS announced Monday they will conduct a 5,000 sq km survey of the Greater Castberg area in the Barents Sea.The project is supported by industry funding, and the survey will include the highly prospective Castberg area and cover existing…
The seismic market is rebounding in fits and starts from its low point a year ago, and seabed acquisition is seeing a healthier spend than towed streamer acquisition, according to ION.“The seabed acquisition business was growing well before the downturn…
TGS, a provider of seismic data for the oil industry, proposed on Thursday a higher-than-expected dividend despite lower-than-expected profits in the fourth quarter and said demand from oil companies would continue picking up this year.Seismic…
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