Seismic News

 

PGS Cold Stacks Two Seismic Vessels in Response to Low Oil Price

18 hours ago

Norwegian offshore seismic surveyor PGS has said that the coronavirus pandemic and the disruption in the oil market present unprecedented challenges for the offshore services industry, including the marine seismic industry.PGS expects the low oil price will have a material adverse impact on demand for seismic services and activity levels.Brent crude futures fell 3.2%, or 97 cents, to $28.97 per barrel as of 0636 GMT…

PGS Wraps Kwanza Shelf Survey Offshore Angola

Apr 02, 2020

Offshore seismic company PGS has completed the acquisition on its MC3D Kwanza Shelf survey offshore Angola. Total GeoStreamer coverage in Blocks 6, 7 and 8 and the surrounding areas of the Kwanza Shelf is now 8 300 square kilometers, PGS said Thursday…

Eidesvik's Seismic Source Vessel Charter Cut Short

Apr 02, 2020

Seismic survey company Seabed Geosolutions will return the seismic source vessel Vantage to its owner Eidesvik Offshore earlier than originally planned.Eidesvik said Thursday it had received notice of early re-delivery from Seabed Geosolutions for the Vantage vessel…

TGS to Use Polarcus Adira Vessel for Norwegian Sea Survey

Apr 02, 2020

TGS, a Norwegian provider of multi-client geoscience data for exploration & production firm, has said it will be starting the Atlantic Margin 20 (AM20) 3D multi-client project as soon as the marine seismic acquisition season gets underway in north-west Europe this summer…

Polarcus to Cut Jobs, Salaries

Apr 01, 2020

Marine seismic company Polarcus is set to reduce workforce and employees' salaries, and stack survey vessels, as a response to the uncertainty marine seismic industry is facing in the wake of the coronavirus pandemic, and the current low oil prices…

Magseis Fairfield in Mexico's First Deepwater OBN Survey

Mar 27, 2020

Offshore seismic data acquisition company Magseis Fairfield has secured a deepwater Ocean Bottom Node project offshore Mexico.According to Oslo-listed Magseis Fairfield, work is scheduled to start in the third quarter of 2020 and will take approximately 60 days…

EMGS in Survival Mode. Cuts Workers, Vessels

Mar 27, 2020

Norwegian offshore survey company has announced severe cost-cutting measures that will lead to termination of most employees and consultants and cold stacking of vessels.EMGS recently lost what was expected to be a long-term contract with Pemex in Mexico…

Axxis Geo Sees Survey Contract Cancelled

Mar 26, 2020

Marine seismic survey company Axxis Geo Solutions has said a client has canceled a contract for work in the North Sea.Axxis Geo Solutions, specializing in Ocean Bottom Node surveys, said the cancellation was 'on a small contract in the North…

Polarcus' Project Cancellations Highlight Oil Price Slump

Mar 23, 2020

Polarcus Ltd, which operates ships that search for offshore oil and gas, announced two project cancellations that will reduce its fleet utilization next quarter, highlighting the effects of the oil price slump on the energy services sector.Polarcus'…

EMGS: Senegal/Mauritania Survey Delayed due to COVID-19

Mar 23, 2020

Norwegian marine survey company EMGS has informed that BP has decided to delay a CSEM Survey offshore Senegal and Mauritania.The contract was awarded to EMGS in June 2019 and was supposed to begin in March 2020. This will now not happen.'EMGS…

Polarcus Loses Another Seismic Contract

Mar 20, 2020

Oslo-listed provider of offshore seismic surveys Polarcus has seen a seismic contract in Africa terminated, just days after it lost a deal in Asia.Polarcus said Friday that a client in West Africa had decided to cease operations on the project…

AGS Scores OBN Survey Extension

Mar 19, 2020

Norwegian ocean bottom node seismic surveyor Axxis Geo Solutions (AGS) has won a contract extension for a survey in the Middle East.AGS was in December awarded the original OBN contract that started in January with scheduled completion near the end of the first quarter 2020…

Santos Preps for Yoorn-1 Drilling

Mar 12, 2020

Australian oil and gas operator Santos is planning to carry out an offshore survey in preparation for the proposed Yoorn-1 drilling in the offshore block WA-499-P, in W. Australia.According to an application filed this week, as part of the drilling preparatory work…

Shearwater in Its First OBS ROV Survey in Gulf of Mexico

Mar 09, 2020

Shearwater GeoServices has won a major Ocean Bottom Seismic deepwater ROV project by TGS and partner in the Gulf of Mexico, USA. This will be Shearwater's first OBS ROV (Remotely Operated Vehicle) survey. Irene Waage Basili, the CEO of Shearwater…

TGS Plans 3D Seismic Survey in Carnarvon Basin off Australia

Mar 06, 2020

Norwegian offshore seismic data acquisition and processing company TGS is planning to carry out a seismic survey in the Carnarvon Basin, off Australia, and the Australian offshore safety regulator NOPSEMA has opened the TGS for public comment…

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