Erin Energy Corp. has announced that it has successfully completed acquisition of a new 3D seismic survey off the coast of The Gambia. The A2 and A5 blocks are located approximately 28mi (45km) offshore The Gambia and are on-trend with…
Cairn Energy has started a new 3D seismic survey over the Sangomar Deep, Sangomar and Rufisque permits, offshore Senegal. The Polarcus Adira 3D seismic vessel is acquiring data in the north and east parts of the permits along trend from…
Shell is planning to start 3D seismic acquisition offshore Myanmar following its return to becoming an operator in the country. The firm has issued a letter of award to Oslo-listed geoscience firm Polarcus for a 3D marine seismic project…
Polarcus has recently completed a comprehensive verification process in collaboration with specialists from DNV GL to review and audit the company's procedures, methodology, data and calculations, software architecture, and technical…
A 'back-to-fundamentals' strategy is helping seismic firm Polarcus weather the storm, CEO Rod Starr said this morning. The firm's revenues are down 33% in 2Q, compared to the same period last year, at US$91.7 million, but the firm has…
Norway-based geoscience firm TGS has agreed to buy seismic firm Polarcus' multiclient library, excluding Australia, for US$ 27.5 million and future share on library late sales. The move was described as enabling Polarcus to 'navigate the current challenging market environment…
Seismic acquisition firm Polarcus has started a new 3D broadband multi-client project across the Mauritania-Senegal-Guinea-Bissau basin, offshore Northwest Africa. The project, supported by industry funding, will cover 1500sq km offshore The Gambia and is expected to run for 50 days…
Polarcus has relocated its North and South America regional office in Houston, Texas, to new premises in the Cobalt Center, Memorial City, as the company expands its regional footprint. The new Polarcus office is located in a Class A designated building…
SeaBird Exploration has become the latest seismic vessel operator to stack one of its fleet. The Oslo stock market listed firm says it has stacked the Munin Explorer following its completion of the long-term time charter contract with SeaBed Geosolutions in August 2015…
Oil major Shell today said the oil price downturn could last for several years, as it revealed 6500 expected staff and contractor reductions in 2015, as well as further capital and operational spending cuts. “Operating costs are expected to fall by over $4 billion…
Irish offshore explorer Providence Resources says recent seismic has offered promising data on the Diablo Ridge ridge prospect in the southern Porcupine Basin. Diablo Ridge is in frontier exploration license (FEL) 2/14 in the southern Porcupine Basin…
Seismic vessels are the lifeblood of global offshore exploration efforts. Jeannie Stell searches for bright spots in the current global market of seismic vessel activity. The Sanco Sword. From Dolphin Geophysical…
Norway's TGS-NOPEC has agreed to take up a contract option with Polarcus, extending its lease of the Polarcus Adira for an additional two months, folloing on from its existing three-month contract. The vessel has already started the contract…
As the oil and gas industry reacts to the continued downturn in prices, even the seismic vessels market is taking great pains to trim the fleet and stay competitive. Elaine Maslin surveys the market. GC Rieber delivered the Polar Empress…
Polarcus and the National Petroleum Corp. of Namibia (NAMCOR) signed a memorandum of understanding (MOU) over exploration and development offshore Namibia. Under the terms of the MOU, Polarcus and NAMCOR will work together to identify…
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