Australia-based Searcher Seismic has announced a new multi-client 2D and 3D seismic rectification project offshore South Africa. The project is in collaboration with the Petroleum Agency of South Africa. The South Africa seismic data covers the Outeniqua Basin and its sub-Basins; the Bredasdorp, Inf
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
Shearwater GeoServices has secured a five-month contract extension for CGG’s Brazil Nebula multi-client survey. The first phase of Nebula 3D is nearing completion and acquisition will soon commence on the phase-two. “The extension provides a solid addition to our firm backlog for the northern winter
The seismic consortium comprising PGS, TGS and WesternGeco has won a multi-year contract from Petronas to acquire and process up to 105,000 square kilometres of multi-sensor multi-client 3D data in the Sarawak Basin, offshore Malaysia. This contract award follows an ongoing campaign by the consortiu
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
Geoscience data provider TGS has restarted the geochemical coring project offshore Nigeria. The initiative is part of an anomaly targeting program focusing on the previous analysis of multibeam and backscatter data. This survey takes place in conjunction with Nigerian joint venture partner TGS-Petro
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
Marine seismic player Polarcus has secured a contract for a 3D seismic data acquisition services in West Africa. According to the Oslo-listed company, the contract has an expected duration of two months. The project, for an undisclosed client and unknown value, should commence in the fourth quarter
Seabed Geosolutions has secured a contract for a baseline 4D ocean bottom node (OBN) survey as well as a future 4D monitor OBN survey in Brazil. The project will take place in water depths greater than 2,200 metres. The baseline survey should commence in the second quarter of 2021. According to the
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
