Shearwater GeoServices has been awarded a contract for re-processing of 2D seismic data in the Barents Sea from the Norwegian Petroleum Directorate (NPD), a government agency whose task is to manage the oil & gas resources on the Norwegian Continental Shelf. The geophysical company said on Friday th
Italian oil major Eni and its partners have agreed to underwrite and license 1,800 square kilometers of new multi-client 3D seismic data over the Frontier Exploration License (FEL) 3/04 offshore Ireland. FEL 3/04 is situated in a water depth of 1,500 meters and is located some 200 kilometers off the
French geophysical company CGG has agreed in principle with its longstanding partner Eidesvik, a Norwegian shipping company, and its Nordic lenders to establish a new ownership set-up for its operated fleet. CGG said on Friday this agreement is reflecting its focus on competitiveness and strict oper
Electromagnetic Geoservices ASA (EMGS) has entered into agreements involving data licensing related to 3D EM data in the Barents Sea, offshore Norway. EMGS, a Norwegian provider of electromagnetic survey services for the oil and gas industry, said that the agreements entailed prefunding and late sal
Norwegian geophysical company Magseis has entered into a letter of intent with an unnamed provider of offshore vessels regarding a potential vessel charter. Magseis said in a statement on Tuesday that such agreement includes an option for the lease of certain seismic equipment. However, the company
Electromagnetic Geoservices ASA has entered into agreements involving data licensing as well as processing and interpretation services related to 3D EM data in Norway and Mexico. According to the Norwegian company the agreements represent revenues of approximately $2 million. “EMGS is pleased to ann
Greek oil firm Energean Oil & has signed an exploration and production concession contract with Montenegro covering offshore blocks 4219-26 and 4218-30. To remind, the company had reached an agreement over the blocks in mid-2016, however the deal had to be ratified by the Montenegro government. Foll
French geophysical company CGG has decided to reduce vessel charter cash costs for the seismic vessel Oceanic Champion while under strict cost and cash management. The geophysical company said on Tuesday that, in line with the agreements announced in January regarding three vessels, the Viking Vanqu
TGS, a marine seismic data acquisition specialist, will begin a new multi-client acquisition project in the Barents Sea soon. TGS said on Monday that the project, named Carlsen 3D (CAR17 3D), is a 5,490-square kilometer multi-client survey in open acreage located in the Southwest Barents Sea between
U.S.-based geophysical company FairfieldNodal will conduct back-to-back surveys in the UK and the Norwegian part of the North Sea. The company said on Thursday that the two campaigns would begin in early April 2017. Due to the specific conditions of the North Sea, FairfieldNodal will be employing it
TGS, a provider of multi-client geoscience data to oil and gas companies, has challenged a fine ordered by a Norwegian unit against economic and environmental crimes. Namely, on March 2, 2017, Økokrim, the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental C
Marine seismic player Polarcus saw lower revenues, vessel impairments, and other charges during the fourth quarter 2016 but posted a smaller net loss when compared to the year-before period. Polarcus’ net loss for the fourth quarter 2016 was $97 million, compared to $289.2 million net loss in the sa
Petroleum Geo-Services (PGS), a marine geophysical company, has chosen Finnish company Wärtsilä to service engines and other equipment of its vessel fleet. According to the agreement, Wärtsilä will take care of engines and propulsion systems maintenance onboard PGS’s fleet of 8 seismic vessels. The
Following dayrate reduction for an Eidesvik-owned seismic vessel, the French-based geophysical company CGG has slashed the dayrates for two more seismic vessels. Earlier on Monday, Offshore Energy Today reported that CGG had agreed with Eidesvik Offshore to reduce the dayrate for the seismic vessel
