Mexico's Comisión Nacional de Hidrocarburos (CNH) authorized permits for Electromagnetic Geoservices (EMGS) to acquire about 88,000sq km of 3D electromagnetic (EM) multi-client data over a five-year period off Southern Mexico. SENER’s…
Ahead of tomorrow's (15 September) congressional hearing in New Orleans, API highlighted the importance of offshore oil and natural gas development to the region's economic development. Image from EMGS…
Electromagnetic Geoservices (EMGS) has received a letter of award (LOA) for a contract worth approximately US$4.2 million from an oil company for 3D EM data acquisition over their operated area in Malaysia. The two parties have entered into a two-year contract…
Electromagnetic Geoservices (EMGS) entered into two new data licensing agreements for the provision of 3D EM data from EMGS' multi-client data library in the Barents Sea. The agreements are worth a total of US$2 million. The multi-client revenues will be booked in the 2Q 2015…
Electromagnetic Geoservices (EMGS) will return to Mexican waters for Petróleos Mexicanos (PEMEX) to continue a 3D electromagnetic (EM) acquisition that was part of a 2013 contract between the two companies. The BOA Galatea…
Dolphin Geophysical has commenced the East Campeche 2D long offset multi-client survey in Mexico, utilizing the M/V Artemis Arctic. The licensed approved 19,597 line-km survey is well positioned towards the recent Mexican announced five-year…
Norway’s Statoil beat profits forecasts thanks to an increase in production and better refining margins but it further reduced its planned capex as oil prices remain low. The firm, which saw net income fall to US$882 million (7.2 billion NOK) from 9…
The weak oil market is causing a restructuring at Wärtsilä’s Ship Power business that will result in rebranding the company and a loss of 600 jobs that will ultimately save Wärtsilä approximately US$43 million (EUR 40 million) annually. Image…
More woes for the Norwegian oil and gas industry as Statoil announced it would cut potentially 1100-1500 permanent positions and 525 consultants by the end of 2016. 'We regret the need for further reductions, but the improvements are…
Petróleos Mexicanos (PEMEX) discovered four new shallow water fields offshore Mexico with the potential to produce at least 200,000 b/d of crude oil and 170 Bcf/d of gas. Map of shallow water discoveries off Campeche and Tabasco…
Norway-based geophysical services company Electromagnetic Geoservices ASA (EMGS) says it is going to appeal a Court decision over its Towed Streamer EM patent. The firm had issued a claims against Petroleum Geo-Services (PGS) in the High Court of Justice…
Electromagnetic Geoservices (EMGS) entered into a US$2.5 million data licensing agreement with an oil company for the provision of 3D EM data related to the 23rd licensing round in the Barents Sea. EMGS's multi-client data library in Norway now covers 44…
Electromagnetic Geoservices ASA (EMGS) will receive uplift revenues of US$2.5 million related to the licensing round for mature areas on the Norwegian continental shelf - Awards in Predefined Areas (APA). EMGS's multi-client data library in Norway now covers 44…
Bjarte H. Bruheim has been appointed the new CEO of EMGS, effective 7 January, following the board's decision to accept current CEO Roar Bekker's resignation. Bekker served as CEO since May 2009, and prior to that role, served as Chief Operating Officer since 2007…
Electromagnetic Geoservices (EMGS) has entered into a data licensing agreement with an international oil company worth US1.8 million for the provision of 3D EM data from a portion of the EMGS' multi-client data library in Foz do Amazonas in Brazil…
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