Shearwater has secured an ocean bottom seismic 4D survey for Aker BP at the Ivar Aasen field. According to seismic exploration company, the OBS project in the Norwegian North Sea, has a duration of approximately one month. The survey will commence in Q2 2021 and will employ Shearwater’s multi-purpos
As the world continues its race to a net zero future, identifying potential carbon and hydrogen storage sites as well as deep-sea mineral deposits will be vital to meet emissions abatement targets for 2050 and beyond. Existing and future marine seismic data can massively improve assessments of the s
The Egyptian Ministry of Petroleum and Schlumberger have launched the Egypt Upstream Gateway, an innovative national project for the digitalisation of subsurface information. This digital platform will also enable global access to the country’s subsurface data, kept evergreen by enhancing legacy dat
Seismic exploration company Shearwater said it has won a ‘substantial’ contract for deepwater ocean bottom node seismic acquisition for Petrobras’ Tupi and Iracema projects in the Santos Basin offshore Brazil. This will be the largest OBN seismic survey in Brazil at the Tupi field. It will also be a
Seabed seismic player Magseis Fairfield has narrowed it quarterly loss despite significantly lower year-on-year revenue. The Oslo-listed company generated Q3 2020 revenue of $48.4 million, down from $74.4 million same time last year. The year-on-year decline mainly reflects the significantly lower a
Norwegian seismic player PGS, in cooperation with ANPG, has begun a new fully prefunded MultiClient 3D survey in the Lower Congo Basin, near the river plume of the Congo in Angola Block 1/14. The acquisition phase will continue until April, with fast-track data expected in October 2021. PGS vessel R
Financially troubled ocean bottom node seismic player Axxis Geo Solutions has decided to apply for bankruptcy protection. Axxis said on Tuesday it failed to reach agreement with all creditors in order to implement a voluntary solution to refinance the company. Earlier this year, the Oslo-listed comp
ConocoPhillips Australia and 3D Oil are proposing to undertake the Sequoia 3D marine seismic survey within exploration permit T/49P in the Otway Basin, west of Tasmania’s King Island. The purpose of the Sequoia 3D survey is to acquire geophysical data to provide a 3D image of the subsurface geology
Norwegian shipowner GC Rieber Shipping has slipped into the red in the fourth quarter of 2020 on impairment of Subsea & Renewables vessels. GC Rieber Shipping had a net loss of NOK 44.9 million in Q4 2020 including impairment of the Subsea & Renewables fleet of NOK 37.1 million, compared with a net
Seabed seismic player Magseis Fairfield has secured a new deep-water 4D OBN monitor survey in the US Gulf of Mexico for a repeat customer. The company plans to carry out the survey with its ZXPLR technology, currently in use for ongoing projects in the same geographical area. Mid-December last year,
Oslo-listed seismic player TGS is launching a new energy-transition-focused business unit – New Energy Solutions (NES). In a statement on Thursday, TGS said it aims to establish itself as the leading provider of data and insights directed towards industries actively contributing to the reduction of
Seismic exploration company Shearwater has secured additional work this month comprising two 3D surveys offshore Western Australia. The company has not disclosed the client nor the financial details surrounding the deal. The three-month campaign comprises more than 3,200 square kilometres. It should
Magseis Fairfield has won a contract for a deep-water ocean bottom node baseline 3D survey offshore Angola for an undisclosed energy major. According to the Oslo-listed company, the project should start in Q2 2021 and run for approximately three months. “Our ocean bottom node technology has delivere
The Grand Court of the Cayman Islands has appointed FTI Consulting liquidators to financially troubled seismic contractor Polarcus. The company’s assets were taken over by its lenders following a loan default earlier this year. Last week, Polarcus received notification from the lenders that they no
