WesternGeco has completed an ocean bottom nodes multiclient survey in the North West El Amal block, offshore Egypt, for Neptune Energy.
Norwegian geophysical services company EMGS has seen its first-quarter loss widened on impairment of DeepBlue source system. The Oslo-listed firm booked Q1 2020 loss of $9.6 million or 7 cents, versus loss of $6 million in Q1 2019. Revenues for the quarter rose at $11.3 million from $10.8 million sa
Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) has secured a contract with Equinor for OBN survey in the North Sea. The deal follows a letter of intent signed with an undisclosed client in February this year. According to the Oslo-listed firm, the survey should commence later
Oslo-listed seismic player PGS has completed the Painimaut 3D multi-client program in Papua New Guinea. Fast-track 3D GeoStreamer data is now available. The Painimaut program targets a number of play types in the under-explored Papuan Basin in both held and vacant acreage. The survey targets the Ter
Marine seismic player Polarcus has cut its deficit in Q1 2020 despite slightly lower revenues on improved pricing compared to prior year. The Oslo-listed company reported loss for the Q1 2020 of $4.2 million, on revenues of $66.3 million, versus loss of $5.3 million and revenues of $67.1 million in
Electromagnetic Geoservices (EMGS) has entered into a late-sales multi-client licensing agreement for its multi-client library in Norway. The net revenue to EMGS under the agreement is approximately $1.7 million. The majority of the revenue will be recognised in the second quarter of 2020, EMGS said
Axxis Geo Solutions has completed both the primary and extended portions of its ocean-bottom nodes (OBN) project in the Middle East. The project was completed with strict adherence to COVID-19 safety guidelines and the crew is now demobilizing to the North Sea for previously announced work in late Q
Polarcus has elected Nina Tronstad as a board member, with a term of office expiring at the company’s 2021 annual general meeting. Nina Tronstad has held a series of senior executive roles in the oil and gas sector with Kvaerner, Aker Solutions and Equinor. She is a chemical engineer by profession.
Polarcus has received a contract for an XArray marine seismic acquisition project in Asia Pacific. The acquisition is expected to begin in June 2020. The work will have a duration of approximately one month, Polarcus said. The company did not reveal the name of the client, nor the value of the contr
Eidesvik Offshore and Seabed Geosolutions have agreed to amend the contract for the node-handling vessel Subsea Viking, putting it on standby.
PGS has seen its Q1 2020 loss widened, mostly on impairments related to library and sale of non-current assets. The Oslo-listed seismic player reported quarterly loss of $117.5 million, or 32 cents per share on revenues of close to $129 million, against loss of $65 million, or 19 cents per share on
Seismic industry will suffer the most as a result of the Covid-19 pandemic and the low oil price. According to Rystad Energy, 2020 revenues could fall between 51 per cent and 77 per cent. Exploration spending could drop by more than 20 per cent from its 2019 levels. The hardest-hit area will be the
TGS has completed the reprocessing of a 21,631 square kilometres 2D seismic survey offshore Sakhalin Island, in the Russian Sea of Okhotsk. The reprocessing has been undertaken with the support of TGS’ Russian partner, DMNG. Following completion of the project, first data has been sent out to pre-fu
SeaBird Exploration has secured a letter of award for a source contract in South America. The contract is expected to start in Q3. The contract has a duration of about 30 – 45 days. SeaBird did not disclose the value of the contract nor the name of the client. The new contract comes a […]
