PGS and ION Geophysical have announced an agreement to collaborate globally on 2D exploration data. Both companies have multiclient data libraries that together cover all the significant hydrocarbon provinces around the world. The new joint data library will comprise nearly a million line kilometres
Seismic player Seabird said it has secured an OBN source contract in the North Sea. According to the Oslo-listed company project mobilisation should take place in July this year. The company noted that it is a short duration contract where it will use its 3D/2D long offset/source vessel Eagle Explor
Russian company, Sovcomflot, has withdrawn redelivery notice for Vyacheslav Tikhonov seismic vessel with Polarcus. In December of last year the companies agreed to postpone the redelivery of the vessel until the completion of work which Sovcomflot secured in Asia. The redelivery was expected in Q2 2
Polarcus is taking further actions to streamline its business and adjust operational capacity to align with current market conditions. This follows on the $15 million cost reduction plan implemented due to the COVID-19 pandemic and oil price volatility. The company has additionally streamlined and r
Oil company Santos has completed fast track interpretation of the data acquired during the Keraudren 3D seismic survey offshore Australia, resulting in a high-quality data set.
TGS, in collaboration with the ANPM, has started a 2D cubed seismic data project covering offshore Timor-Leste, in support of the country’s ongoing license round. The project combines all available open file and TGS multi-client data across an area of over 50,000 square kilometres and incorporating
Norwegian seismic player TGS has completed its flagship Jaan 3D seismic survey covering the MSGBC Basin in Northwest Africa. The survey took place in partnership with PGS and GeoPartners. Comprising over 28,000 square kilometres, the survey spans offshore Senegal, The Gambia, AGC and Guinea-Bissau.
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has begun an assessment of the Kanga-1 geophysical and geotechnical site survey offshore Australia.
TGS has completed an additional phase of the Santos Basin 3D multi-client seismic survey in Brazil. The survey is located south of the high-profile discoveries in the Santos Basin and the recent sought-after blocks offered in Rounds 15 and 16. The acquisition of 17,500 square kilometres of the 23,00
PGS said it will implement further cost reductions as seismic industry takes major hit on Covid-19 and oil market disruption. Specifically, this includes staff reductions, re-organization, consolidation of offices, re-negotiation of service agreements and other cost measures. This should also bring
Axxis Geo Solutions (AGS) has signed a contract for an additional scope of work under the agreement with Equinor in the North Sea. Earlier this year the company secured the contract for the seismic node acquisition along with the Letter of Intent for an additional scope of work. The additional work
National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Santos’ plan for a geophysical survey in preparation for the proposed Yoorn-1 drilling offshore Australia.
BP has signed an agreement with Houston-based software firm Bluware to improve quality and speed of seismic interpretations. Large seismic data sets are difficult to move and use in workflows and also time consuming to interpret. InteractivAI, powered by Bluware Volume Data Store (VDS) cloud-native
Ocean bottom node seismic player Axxis Geo Solutions has returned to profit as revenues hiked close to 83 per cent. AGR recorded Q1 2020 profit of $7 million, bouncing back from loss of some $4 million same time last year. The Oslo-listed firm generated quarterly revenue of $45 million, versus appro
