Australian energy company Santos plans to acquire a 3D marine seismic survey in the Bedout Sub-basin on the central North West Shelf called the Archer 3D MSS. The Archer 3D MSS is located within exploration permit areas WA-437-P and WA-541-P, and surrounding waters. The 3D seismic data will help dev
Norwegian seismic player TGS has kicked off the Malvinas 3D project in Argentina and scored two surveys offshore Brazil. The Malvinas survey was first announced to the market on 4 August this year. The BGP vessel Prospector will acquire approximately 5,000 square kilometres, which will bring the tot
Miclyn Express Offshore (MEO) vessel, Miclyn Enterprise, has set sail on its maiden subsea voyage to Indonesian waters. This follows the fitment of a 20T knuckle boom crane and the vessel’s reflagging from Panama to Indonesian flag. Miclyn Enterprise is performing pipeline monitoring operations for
Subsurface Imaging, part of CGG’s Geoscience division, has secured two large-scale seismic reprocessing contracts from PTTEP. Over the course of the next year, CGG, through its offices in Kuala Lumpur, will conduct merged reprocessing of surveys from many vintages, including towed-streamer as well a
Seismic exploration company Shearwater GeoServices has won a ‘large’ towed streamer 3D acquisition and fast track processing project from Total E&P Senegal. The exploration survey covers 5,000 square kilometres in the UDO Block Exploration area, offshore Senegal. For the purpose of the data acquisit
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
Houston-based ION Geophysical booked net loss in the third quarter 2020 of $16.6 million, or a loss of $1.16 per share, compared to a net loss of $3.7 million, or a loss of $0.26 per share in the third quarter 2019. The company reported total net revenues of $16.2 million in the third quarter 2020,
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
