Magseis Fairfield has together with its partner, CGG, secured pre-funding from an oil major for the extension of the ocean bottom node (OBN) Cornerstone multi-client survey in the North Sea. This both confirms the industry interest in the area and reduces Magseis Fairfield’s relative exposure in the
ION has announced the first 3D multi-client program in Mauritania with the Ministry of Petroleum, Mines and Energy (MPME). ION will seamlessly integrate and reimage some 24,000 square kilometres of MPME-held 3D data. It can also further expand the scope to include approximately 15,000 kilometres of
Norwegian geophysical services company EMGS has seen its second-quarter loss widened as revenues slipped almost 50 per cent The Oslo-listed firm booked Q2 2020 loss of $6.6 million or 5 cents, versus loss of $2 million in Q2 2019. Revenues for the quarter fell at $7.5 million from $14.5 million same
PGS has seen its Q2 2020 loss widened, as revenues fell more than 50 percent. The Oslo-listed seismic player reported quarterly loss of $111.4 million, or 29 cents per share on revenues of $90 million. This result compares against loss of $49 million, or 14 cents per share on $192 million revenues i
Marine seismic player Polarcus has slipped deeper into the red in Q2 2020 as revenues dropped close to 66 per cent compared to prior year. The Oslo-listed company reported second quarter 2020 loss of $20.7 million, versus loss of $0.6 million in Q2 2019. Polarcus generated quarterly revenues of $22.
PGS has completed the second GeoStreamer X seismic survey in the Viking Graben. The GeoStreamer X Viking Graben 2020 extension project once again applied PGS’s latest technology innovations for advanced offset-and azimuth-rich data. The project builds on the 2019 GeoStreamer X pilot project in the s
Mediterranean shiprepair facility Gibdock has completing an extensive two-vessel drydocking and maintenance project for Shearwater GeoServices. The Gibraltar-based repair and conversion specialist worked on the seismic research vessels Oceanic Sirius, and SW Empress. The project went smoothly despit
Polarcus has entered into a contract with Eni for 3D seismic data acquisition services in Asia Pacific. The project will have an expected minimum duration of one month. The project is scheduled to start in Q1 2021, subject to relevant approvals. The company did not reveal the value of the contract n
PGS has recently started ultra-high-density seismic survey in the Barents Sea. The survey extends Hammerfest Basin coverage further west and north into the southern Loppa High. The first data will be available in the fourth quarter of 2020. The acquisition geometry builds on the configuration previo
Polarcus, a Dubai-based seismic contractor, has recorded a drop in its vessel utilization in the second quarter of 2020. The vessel activity decreased from 72 percent in Q2 2019 to 50 percent in Q2 2020. According to Polarcus, on a contracted basis the vessel utilization dropped to 50 percent in Q2
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved SapuraOMV’s plan for the Kanga-1 geophysical and geotechnical site survey offshore Australia.
Shearwater has through its first deep-water ocean bottom node (OBN) survey project demonstrated its strategic positioning in the OBN market. In March, Shearwater secured its first deep-water OBN award. The project was launched in the second quarter, breaking the cost curve by implementing a wide-tow
Shearwater GeoServices has secured two new projects, a seismic survey and processing contract by Oil India, and a project by CGG in Brazil as part of the five-year capacity agreement. The project for Oil India is a combined 3D and 2D towed streamer seismic acquisition and processing contract in the
TGS, in partnership with PGS, has released the final Torngat 3D seismic data results, offshore Labrador. The Torngat survey, which covers approximately 3,300 square kilometres and encompasses sections of the open acreage included in the Labrador South November 2021 bid round, was acquired in 2019 ov
