Seismic News

 

Porcupine shows further promise

Jul 31, 2014

Canada’s Antrim Energy Inc. announced that recent evaluations have shown frontier exploration license (FEL) 1/13 in the Porcupine basin off Ireland’s west coast to contain what could be massive resources: an estimated unrisked prospective resource potential of 1…

Galp bites dust off Morocco

Jul 28, 2014

Portugal-based Galp Energia’s recent drilling campaign at the Tao-1 exploration well in the Tarfaya block off Morocco was unsuccessful, partner Tangiers Petroleum announced 28 July 2014. Australian-based Tangiers Petroleum, which holds 25% interest in the Tarfaya block…

Rosneft starts Kara Sea seismic

Jul 27, 2014

A 2D seismic acquisition program has started in the Kara Sea, said Russia's Rosneft, a partner with ExxonMobil in the area.  The program started 24 July using the research vessel Geolog Dmitry Nalivkin. The survey, covering 7000sq km…

Trending upward

Jul 25, 2014

Launched in 2010, CGG’s Oceanic Vega is a purpose-built high-capacity seismic vessel optimized for reduced noise and fuel consumption. It carries DNV-CLEAN notation for the lowest environmental impact. Photo from CGG…

API: Americans favor domestic production

Jul 24, 2014

A July 2014 poll revealed that if the US produced more oil and natural gas, it would greatly benefit job creation, increase government revenue and strengthen national security. API and Harris Interactive Poll According to a recent…

TGS seeks Canada and Barents seeps

Jul 24, 2014

TGS has is to start two multi-client geochemical seafloor sampling and seep studies offshore Canada and in the Barents Sea. Sampling locations for both programs were identified using recently acquired multi-client seismic data. The Labrador…

Repsol, partners win license off Colombia

Jul 23, 2014

Colombia's National Hydrocarbons Agency (ANH) received bids from four companies for just five of 19 offshore areas offered in its 2014 licensing round. Spains's Repsol, as operator, was awarded the COL4 license, in the Caribbean Sea, with partners Statoil and ExxonMobil Exploration Colombia…

Tullow farms into Cooper block

Jul 18, 2014

London-based independent Tullow Oil agreed to acquire up to 40% interest in the Cooper block, block 2012A, in the Walvis basin offshore Namibia, Eco (Atlantic) Oil & Gas announced on 17 July 2014. The terms of the farm-in includes Eco…

North Sea "wait and see" slows activity

Jul 18, 2014

High costs and regulatory and fiscal uncertainties could have caused a drop in exploration and deal activity on the UK Continental Shelf (UKCS), according to business advisory firm Deloitte.  The firm’s Petroleum Services Group…

Paradigm offers Geolog-Petrel connector

Jul 17, 2014

Paradigm announced the release of the latest version of its Geolog formation evaluation and petrophysics analysis solution suite.  The release includes a plug-in that enables direct data transfer from Geolog to Petrel seismic to simulation software…

Woodside farms-in to Lake Tanganyika South Block

Jul 14, 2014

West Australian independent Woodside Petroleum Ltd. has farmed-in to the 7200sq km Lake Tanganyika South Block, Tanzania. Beach Petroleum (Tanzania) Ltd., a wholly owned subsidiary of South Australia's Beach Energy Ltd., will transfer…

Seismic market uncertain says PGS

Jul 14, 2014

Petroleum Geo-Services (PGS) has warned that its Q2 results will be weaker than current market expectations due to less predictable seismic purchases.  PGS said: 'Customers' intentions with regard to seismic purchases, particularly MultiClient…

OMV orders Barents seismic

Jul 14, 2014

Electromagnetic Geoservices (EMGS) has received a contract worth US$2.7 million from OMV (Norge) and its partners in PL537 for 3D EM data acquisition in the Barents Sea.  The survey will commence in July using the vessel Atlantic Guardian…

Geoscientists Without Borders sponsors new project in Tanzania

Jul 10, 2014

The humanitarian program, Geoscientists Without Borders (GWB), launched by the Society of Exploration Geophysicists (SEG) six years ago, will sponsor a new project in Tanzania to prevent an ecological disaster that would impact the fisheries and the population that depends on them…

Spending slowdown hits geoscience

Jul 10, 2014

Weakening spending by E&P majors, particularly on seismic is being felt in the geoscience sector, with Dutch geoscience and geotechnical services firm Fugro revealing a potential Eur300-350 million non-cash impairment in its geoscience division today…

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