"Seismic" News

More GoM Work for Magseis Fairfield

Feb 12, 2021

Oslo-listed Magseis Fairfield on Friday said it had won a deep-water 4D Ocean Bottom Node (OBN) monitor survey contract in the US Gulf of Mexico with a repeat customer.The survey will be conducted with Magseis Fairfield’s ZXPLR technology, currently in use for ongoing projects in the same region…

Shearwater in Two 3D Surveys Offshore Western Australia

Feb 11, 2021

Offshore seismic surveyor Shearwater GeoServices has been awarded two 3D surveys in offshore Western Australia.The three-month campaign, with an undisclosed client, comprises more than 3,200 square kilometers and is expected to start in the second quarter of 2021…

Magseis Fairfield in Deepwater Survey Gig, Offshore Angola

Feb 10, 2021

Oslo-listed seismic services company Magseis Fairfield has said it has won a seismic survey contract offshore Angola.The contract, with an unnamed 'major international energy company' is for a deep-water Ocean Bottom Node baseline survey (3D)…

Polarcus: Liquidators Appointed to Assist with Debt Restructuring

Feb 09, 2021

Struggling seismic player Polarcus, which last week saw creditors take over its vessels following a debt payment default, on Tuesday said a Cayman Islands court has appointed joint provisional liquidators, after the company's application.'The…

PGS Completes Seismic Survey over 17th Round Blocks in Brazil's Campos Basin

Feb 03, 2021

Norwegian seismic surveyor PGS has informed it has completed the survey of additional open acreage to complete PGS coverage of the emerging plays of the outboard Campos Basin, offshore Brazil.Per PGS, the survey, carried out by the Ramform Titan seismic vessel…

Lenders to Sell Polarcus' Vessels. All Employees to Be Laid Off

Feb 02, 2021

Lenders of the troubled marine seismic contractor Polarcus, which last week took control of the company's vessels after a debt payment default, will sell Polarcus' vessels and all the employees will be let go.Banks last week tool control of Polarcus' subsidiaries that own seismic vessels…

Shearwater Nets SE Asia Seismic Survey Gig

Feb 01, 2021

Norway-based seismic survey services provider Shearwater GeoServices has won a contract for a marine seismic 3D survey in South East Asia.The company, owned by Rasmussengruppen, GC Rieber Shipping ASA, and Schlumberger, said that the contract was for two months…

E&P Major Hires Magseis Fairfield for 4D Survey Off Norway

Feb 01, 2021

Marine seismic player Magseis Fairfield has been awarded a 4D Ocean Bottom Node monitor survey in the Norwegian North Sea.The Oslo-listed contractor did not say who the client was, apart from saying it was a 'a major E&P company.'The survey…

Lenders Take Control of Polarcus' Ships After Default on Debt

Jan 27, 2021

Lenders took control of Polarcus' ships on Tuesday after the seismic surveyor defaulted on its bank loans and bonds, hit by a drop in spending by energy companies struggling with the COVID-19 pandemic and volatile oil prices.The company's Oslo…

Seismic Surveyor Polarcus Sees Shares Nosedive as it Defaults on Debt Payment

Jan 26, 2021

Oslo-listed seismic surveyor Polarcus has defaulted on its bank loans and bonds, it said on Tuesday, sending the company's shares plunging more than 30%.Polarcus and other seismic surveyors have been hit by weak demand as oil companies slash…

Brazil: TGS Starts Espirito Santo 3D Seismic Survey

Jan 13, 2021

Norwegian marine seismic data firm TGS on Wednesday announced the start of the Espirito Santo multi-client 3D seismic survey offshore Brazil.'This survey, covering 2,694 square kilometers, will broaden the region's 3D coverage while adding to the extensive offshore seismic library…

PGS to Reprocess Uruguay's Exploration Data

Jan 12, 2021

Norwegian oil and gas exploration seismic data company PGS has signed an agreement with Uruguay's state oil company ANCAP to reprocess over 11 000 km of existing 2D lines of various vintages, applying the latest seismic imaging techniques.'This rejuvenation will provide new…

Polarcus Nets APAC Survey Gig

Dec 30, 2020

Offshore seismic survey contractor Polarcus has said it has been awarded a letter of award for a survey in Asia Pacific.The seismic survey vessel owner said Wednesday that the letter of award entailed the provision of 3D seismic data acquisition services in the Asia Pacific region…

EMGS Nets Gulf of Mexico Survey Gig

Dec 23, 2020

Norwegian offshore survey services company EMGS has secured a contract in the Gulf of Mexico.Following a letter of award signed earlier in December, the Oslo-listed company said Wednesday that the project contract had been signed.The contract…

Eni, PTTEP Grab Hold of Giant Offshore Block in UAE

Dec 22, 2020

Italian oil and gas firm Eni and Thailand’s national oil company PTTEP have been awarded exploration concession for Offshore Block 3 in the United Arab Emirates, with the concession deal signed with ADNOC on Monday.Eni is the operator with a 70% stake in the Exploration Offshore Block 3…

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