Oslo-listed Solstad Offshore has won two contracts within subsea and renewable energy representing around 500 vessel days in 2021. Normand Tonjer has secured a firm contract until November 2021, plus options for further extension of 2 x 12 months. The vessel has been on contract with Magseis Fairfie
Marine seismic player Polarcus has slipped into the red in Q3 2020 as revenue fell some 76 per cent compared to prior year due to the global slow-down on the back of the COVID-19 pandemic. The Oslo-listed company reported third quarter 2020 loss of $13.5 million, versus profit of $13.7 million in Q3
TGS has seen red numbers in the third-quarter 2020 with revenues down some 64 per cent amid challenging seismic market conditions. Norwegian seismic player reported net loss for the third quarter 2020 of $71 million, against $40 million profit same time last year. This corresponds to EPS of negative
Geoscience company CGG has recently renewed and expanded its contract to power all its operating sites in the UK with renewable energy. CGG is also one of the early adopters of renewable energy sources for its UK operations, making a switch eight years ago. The company has evaluated the green creden
PGS has seen red in the third quarter of 2020 as revenues fell close to 70 per cent. The Oslo-listed seismic player reported quarterly loss of $32.6 million, or 8 cents per share on revenues of $85 million. This result compares against profit of $31.5 million on $276.5 million revenues in the prior-
Seismic exploration company Shearwater GeoServices has landed a deal for large 3D seismic acquisition and depth processing. According to the company, the work scope is in the Europe, Africa and Middle East (EAME) region. The survey, for an undisclosed national oil company, should take six months to
Ocean Floor Geophysics (OFG) and Electromagnetic Geoservices (EMGS) have signed a cooperation agreement to work together on various projects to promote the use of marine CSEM technology. The agreement places specific emphasis on exploiting the synergies between the towed-streamer CSEM system from OF
Blue Ocean Seismic Services has secured a £10-million investment from a group of energy technology and investment companies: bp Ventures, Woodside Energy and Blue Ocean Monitoring. The investment should help continue the development of a fully integrated system which uses long endurance self-reposit
Turkish vessel Oruc Reis will carry out a seismic survey in the eastern Mediterranean over the next ten days, a move which will further test already tense relationships with Greece.
CGG GeoSoftware has launched WellPath, a new interactive 3D well path planning solution for optimal well planning in unconventional and fractured reservoirs and offshore development platforms, as part of its InsightEarth 3D visualization and interpretation software suite. WellPath shows the complexi
Seismic player SeaBird Exploration said that its source contract announced on 20 April 2020 has been terminated by the charterer. Namely, the Oslo-listed SeaBird secured a letter of award in April for a project in South America. The contract should have taken place in the third quarter of this year,
Marine seismic player Polarcus has taken delivery of geophysical exploration vessel Ivan Gubkin. Ivan Gubkin (previously Polarcus Amani) has been on charter to Russian shipping company Sovcomflot since 2017. In light of the extension to the Vyacheslav Tikhonov charter, the companies agreed that Sovc
Paris-based geophysical services player CGG has completed the first phase of the largest OBN multi-client survey in the UK Central North Sea. In addition, CGG announced immediate commencement of the second acquisition phase. The company took on a this project in November last year. Back then, CGG sa
Oil and Gas Authority UK (OGA) will disclose ‘vital’ historic seismic data that could help explorers and developers spot potential carbon and hydrogen storage sites in the North Sea. Following consultation in 2019, the OGA has decided to make seismic data available, under an exploration licence and
