Seismic News

 

Shearwater Takes Over CGG Seismic Vessels

Jan 09, 2020

Norwegian seismic vessel giant Shearwater has completed the strategic vessel transaction with the French seismic company CGG following an agreement signed in June 2019. The transaction includes the takeover of five high-end seismic vessels, and the five-year capacity agreement for marine seismic acquisition services between Shearwater and CGG became effective. The transaction includes the five streamer vessels…

ION to Shoot 2D/3D Programs off Colombia

Jan 23, 2020

ION Geophysical Corporation, a provider of geoscience technology, services, and solutions for the oil and gas industry, has entered into a multi-client agreement with Colombia’s National Hydrocarbon Agency (ANH), granting rights to reprocess…

SAExploration Wins $42M of New Projects

Jan 23, 2020

Houston-based  global seismic services company SAExploration Holdings announced two new projects in offshore West Africa.  The projects are valued at approximately $42 million in the aggregate and are scheduled to occur primarily during the 2nd quarter of 2020 and last approximately 71 days…

PGS Readies Offshore Sabah Data

Jan 22, 2020

Norwegian seismic services provider Petroleum Geo-Services (PGS) said that key areas for the 2020 Malaysia Licensing Round are covered by the PGS Sabah MC3D program.Data is available to evaluate the petroleum potential of the highly prospective offshore Sabah province…

EMGS Nets More Acquisition Work with Pemex

Jan 22, 2020

Norwegian marine data acquisition firm EMGS has been awarded more work with the Mexican oil company Pemex in Mexico.As previously reported, EMGS had in June 2019 signed a two-year acquisition contract with Pemex with a valued at around $73.3 million…

PGS to Raise $95M in New Equity to Refinance Debt

Jan 22, 2020

Norway's seismic surveyor PGS plans to raise up to 850 million Norwegian crowns ($95 million) in new equity via a private placement to partly refinance its debts maturing in the next 18 months, the company said on Tuesday. The Oslo-listed company…

Shearwater Clinches 3D Survey Work Offshore India

Jan 22, 2020

Shearwater GeoServices will carry out a 3D marine seismic survey offshore India under a new contract awarded by ONGC.The Norwegian seismic company will start the 3D broadband marine seismic acquisition campaign in Q1 2020.The 4-month survey for the Indian oil company covers 2…

Egdon Shares Soar as Shell Farms Into Its Offshore Blocks

Jan 21, 2020

Shares of London-listed Egdon Resources jumped on Tuesday following news that oil giant Shell farmed into Egdon's UK offshore licenses P1929 and P2304.Under the agreement, Shell will become the operator and will acquire a 70% interest in both blocks…

Polarcus Kicks Off Australia Survey

Jan 20, 2020

Polarcus has begun the latest phase of the Cygnus regional multi-client 3D survey in the Vulcan Sub-basin, offshore north-west Australia, the marine geophysical company announced on Monday.The 1,500-square-kilometer Phase 3 South survey, covering the Skua…

NPD Meets Seismic Industry Players

Jan 19, 2020

Norwegian Petroleum Directorate (NPD) recently hosted the very first joint regulatory authority meeting for the seismic industry on coexistence between industries at sea.Representatives from the NPD, the Directorate of Fisheries and the Institute of Marine Research participated from the authorities…

Axxis Geo Starts Middle East Survey

Jan 17, 2020

Seismic data acquisition company Axxis Geo Solutions (AGS) has begun a 3D ocean bottom node survey in the Middle East.'The work has now commenced and will continue through most of the first quarter of 2020,' Oslo-listed seismic survey company said…

Polarcus Vessel Stays With Sovcomflot

Jan 14, 2020

Russian offshore vessel owner Sovcomflot will keep Polarcus’ Vyacheslav Tikhonov seismic vessel contracted for longer than previously agreed.The marine seismic vessel owner Polarcus had in December 2019 said that Sovcomflot would redeliver it the vessel on January 15…

Equinor, Lundin Tap Shearwater for 4D Surveys

Jan 09, 2020

Norwegian seismic player Shearwater has signed letters of intent with Equinor for three 4D towed streamer projects by Equinor. Apart from the Equinor LoIs, Shearwater has secured 4D Ocean Bottom Seismic (OBS) project with Lundin Norway for the 2020 North Sea summer season…

SeaBird signs Asia survey LoA

Jan 09, 2020

Oslo-listed marine seismic acquisition firm SeaBird Exploration has secured a letter of award for a survey in Asia.In a brief statement issued Thursday, Seabird kept details scarce. The company said the survey would begin at the end of Q1 and was expected to be completed in Q2 2020…

TGS Q4 Revenue Misses Forecast

Jan 09, 2020

Norway's TGS, a supplier of seismic data to the global oil industry, reported lower-than-expected fourth-quarter revenue on Thursday.So-called net segment revenue hit $230 million for the October-December period, while analysts on average had expected revenue of $257 million…

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