Despite oil prices recently edging past $80 a barrel, scars from two recent oil industry downturns in five years have forced offshore seismic surveyors to look at ways to diversify.Marine seismic survey companies provide essential data to offshore oil and gas explorers to make better-informed drilling decisions. However, with every oil industry downturn, seismic players are among the first to feel the pang…
The Norwegian Petroleum Directorate said that, in the near future, a number of companies on the Norwegian Continental Shelf, including oil companies, software suppliers, and seismic companies, are going to be contacted by Troika International regarding updates to seismic data reporting…
French seismic data firm CGG said Monday that its Sensing & Monitoring division Sercel had completed the acquisition of ION Geophysical Corporation’s (“ION”) software business.ION's software business includes Orca: a navigation system dedicated to streamers…
Marine seismic survey services firm Shearwater GeoServices has won a contract for a large time-lapse seismic imaging project with Chevron over the Wheatstone field, offshore W. Australia.'This project award marks Shearwater’s continuing growth…
Seismic data companies TGS and CGG said this week they were successful in their respective bids in the auction process conducted in relation to their rival's ION Geophysical Corporation’s (ION) Chapter 11 bankruptcy case pending in the United…
French offshore seismic data services company CGG said Wednesday that it had recently signed an expanded five-year licensing agreement with the Brazilian oil company Petrobras for Geovation seismic processing and imaging software.CGG said the…
Offshore seismic data company ION Geophysical has completed reprocessing of the prestack time and depth imaging of over 62,000 km of legacy data acquired from the National Hydrocarbon Agency of Colombia (ANH) for its Colombia Caribe 2D reprocessing program…
Offshore seismic services and technology company ION Geophysical has won a five-year contract with Brunei Shell Petroleum Co. (BSP), a joint venture between the Government of Brunei and Shell, for a digital solution to manage marine logistics…
French offshore seismic surveyor CGG has secured a two-part Ocean Bottom Node (OBN) seismic imaging project by PXGEOover the Sapinhoá Shared Reservoir in the Santos Basin offshore Brazil.'The resulting data will bring improved geological insight to the asset operator…
Shearwater GeoServices has signed 'a significant' licensing contract for its Shearwater Reveal geophysical software with Petrobras. The agreement includes the provision of associated training and support services.Under the agreement, Petrobras’…
Offshore seismic surveyor Shearwater GeoServices has signed a technology sale and transfer deal with the oil firm ConocoPhillips, involving seismic imaging technology that will be implemented in Shearwater's Reveal software.According to Shearwater…
French geophysical services company CGG has completed the sale of its GeoSoftware business to Topicus and Vela Software for $95 million in cash. The transaction was effective October 1, 2021.GeoSoftware product suite, among other things, helps…
Offshore seismic services firm PXGEO said Wednesday it had secured an Ocean Bottom Node marine seismic acquisition contract.The project, in the North Sea, is expected to start in the second quarter of 2022.In a brief statement released Wednesday…
Magseis Renewables, a renewables-focused subsidiary of the Norwegian offshore oil and gas seismic acquisition contractor Magseis Fairfield, has entered two technology pilot projects for carbon capture and storage (CCS) and offshore wind in collaboration with the Norwegian seismic data company TGS…
Australian supercomputer group DUG has signed an agreement with offshore seismic services firm PXGEO for the provision of software onboardtheir marine seismic vessel PXGEO 2.'The company will provide its DUG Insight software for real-time data…
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