Seismic players PGS, TGS and CGG have formed a strategic partnership to offer a shared ecosystem providing direct access to their subsurface multi-client data libraries. The cloud-based ecosystem will offer a single search point to access all three companies’ multi-client data and allow customers to
Norwegian oil and gas company Equinor has awarded Havila Shipping three-year contracts for the Havila Charisma and Havila Foresight platform supply vessels.
Turkish President Recep Tayyip Erdoğan stated that he would not bow to threats regarding the dispute with Greece and Cyprus over maritime claims in the eastern Mediterranean as the EU foreign ministers met in Brussels to discuss the issue.
CGG and Magseis Fairfield have completed the 2020 acquisition of the largest OBN survey ever acquired in the North Sea. The OBN Cornerstone 2020 multi-client survey in the UK Central North Sea commenced in March 2020. The survey saw approximately 1,650 square kilometres of long-offset, full-azimuth
Fibre optic monitoring specialist Silixa has launched its distributed acoustic sensing (DAS) based solution for continuous or on-demand monitoring of all stages of carbon capture and storage (CCS) operations. According to the company, the new solution ‘Carina CarbonSecure’ offers offshore and on-lan
Seismic player SeaBird said it will list its wholly-owned subsidiary Green Minerals on Euronext Growth Oslo. According to the prospectus, the listing should take place during the first quarter of next year. The move is part of a funding plan to raise minimum NOK 30 million from the issuance of new o
Seabed seismic player Magseis Fairfield has returned to profit in Q3 2020 despite major revenue drop against the prior-year quarter. The Oslo-listed company generated Q3 2020 revenue of $47 million, down from $134 million same time last year. Revenue was up from Q2 2020 revenue of $45 million. The y
Seismic surveys have for decades been a key part of offshore exploration, producing comprehensive imagery of sub-bottom rock formations that allow the location and evaluation of oil and gas deposits. They also find their use in assessments of the seabed for offshore construction, installations of re
Oslo-listed SeaBird has recognised net loss of $3.9 million for Q3 2020, against net loss of $5 million in the same period in 2019. The seismic player recorded revenues of $3 million in Q3, an 81 per cent drop compared to $16 million in Q3 2019. The company had quarterly vessel utilization of 28 per
French seismic player CGG has narrowed its quarterly loss despite revenues falling some 26 per cent compared to same time last year. For the quarter ended 30 September, CGG recognised loss of $93 million, against loss of $147 million in the prior year comparable period. Adjusted net loss from contin
Norwegian geophysical services company EMGS has booked its third loss this year as market continues to be very challenging for seismic players. The Oslo-listed firm posted Q3 2020 loss of $4.2 million, versus profit of $5.1 million in Q3 2019. Revenues for the quarter fell at $2.1 million from $26.9
Norwegian shipowner GC Rieber Shipping has slipped into the red in the third quarter of 2020 on its marine seismic market share. As a result, the Oslo-listed GC Rieber booked loss of NOK 27.5 million, against profit of NOK 17.3 million same time last year. The company had a fleet utilisation of 100
Oil major Shell has reaffirmed its commitment to drill an exploration well on the Pensacola gas prospect in the UK North Sea.
CGG and Shearwater have agreed to suspend negotiations around creating a marine streamer equipment JV until visibility in the streamer replacement cycle improves. The companies said that decision comes due to the downturn in the oil and gas industry, triggered by the Covid-19 pandemic. Both parties
