Seismic News

 

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…

Providence begins Drombeg seismic

Jul 05, 2014

Ireland’s Providence Resources announced Monday that 3D seismic survey operations have begun on its Drombeg oil prospect in the southern Porcupine basin, off southwest Ireland. The Lower Cretaceous Drombeg prospect is in the FEL 2/14 license area…

Rosneft planning 2016/17 Barents and Pechora drilling

Jul 02, 2014

Rosneft has started field works at five license blocks in the Barents and Pechora Seas ahead of planned drilling in 2016-2017. The five blocks are: West Prinovozemelsky, located in the northeastern part of the Barents sea near the Novaya Zemlya archipelago…

Baffin Bay seismic approved

Jun 27, 2014

Canada's National Energy Board (NEB) has approved a Geophysical Operations Authorization (GOA) application from TGS-NOPEC Geophysical Company (TGS), Petroleum GeoServices (PGS), and Multi Klient Invest (MKI) to conduct a 2D offshore seismic…

Tullow signs EMGS for Norway seismic

Jun 26, 2014

Electromagnetic Geoservices ASA (EMGS) has received a signed contract from Tullow Oil Norge AS worth US$7.7 million for 3D EM data acquisition in the northern part of the North Sea.  'We are delighted to work with Tullow again, and also…

TGS to start NE Greenland shoot

Jun 25, 2014

TGS is to start acquisition of a new multi-year, multi-client 2D program offshore Northeast Greenland. The project will be fulfilled over a maximum of four seasons, bringing TGS' total multi-client database in Northeast Greenland to more than 36…

CGX Energy sets sights on Guyana

Jun 20, 2014

CGX Energy Inc. announced the completion of reprocessing and merging of existing seismic surveys from the company’s 100% owned Corentyne petroleum prospecting license (PPL) offshore Guyana. The results of the reprocessing have assisted in…

CNOOC signs PSC with Eni

Jun 20, 2014

China National Offshore Oil Corporation (CNOOC) announced today that it has signed a production sharing contract (PSC) with Eni for Block 50/34 in the South China Sea. Block 50/34 encompasses an area of 2000sq km in the Qiongdongnan Basin of offshore Hainan Island…

JV launched for Arctic seismic

Jun 20, 2014

Geoscience firm CGG and Russia's Sovcomflot have agreed to form a joint venture company dedicated to conducting high-end 3D marine seismic acquisition services with a focus on Arctic and sub-Arctic waters. The joint venture, to be called Arctic Geophysical Exploration (AGE)…

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