Axxis Geo Solutions has completed both the primary and extended portions of its ocean-bottom nodes (OBN) project in the Middle East. The project was completed with strict adherence to COVID-19 safety guidelines and the crew is now demobilizing to the North Sea for previously announced work in late Q
Polarcus has elected Nina Tronstad as a board member, with a term of office expiring at the company’s 2021 annual general meeting. Nina Tronstad has held a series of senior executive roles in the oil and gas sector with Kvaerner, Aker Solutions and Equinor. She is a chemical engineer by profession.
Polarcus has received a contract for an XArray marine seismic acquisition project in Asia Pacific. The acquisition is expected to begin in June 2020. The work will have a duration of approximately one month, Polarcus said. The company did not reveal the name of the client, nor the value of the contr
Eidesvik Offshore and Seabed Geosolutions have agreed to amend the contract for the node-handling vessel Subsea Viking, putting it on standby.
PGS has seen its Q1 2020 loss widened, mostly on impairments related to library and sale of non-current assets. The Oslo-listed seismic player reported quarterly loss of $117.5 million, or 32 cents per share on revenues of close to $129 million, against loss of $65 million, or 19 cents per share on
Seismic industry will suffer the most as a result of the Covid-19 pandemic and the low oil price. According to Rystad Energy, 2020 revenues could fall between 51 per cent and 77 per cent. Exploration spending could drop by more than 20 per cent from its 2019 levels. The hardest-hit area will be the
TGS has completed the reprocessing of a 21,631 square kilometres 2D seismic survey offshore Sakhalin Island, in the Russian Sea of Okhotsk. The reprocessing has been undertaken with the support of TGS’ Russian partner, DMNG. Following completion of the project, first data has been sent out to pre-fu
SeaBird Exploration has secured a letter of award for a source contract in South America. The contract is expected to start in Q3. The contract has a duration of about 30 – 45 days. SeaBird did not disclose the value of the contract nor the name of the client. The new contract comes a […]
PGS seismic vessel Ramform Tethys is about to start a 3D multi-client survey offshore East Shetland, in UKCS waters. Production will start this week and the first data should be available in Q3 2020. The seismic will cover both frontier and mature areas to enable the interpretation of the internal r
TGS has started the Gambito 2020 3D seismic survey offshore The Gambia. Under the cooperation of The Gambian Ministry of Petroleum & Energy (MOPE), the acquisition is being undertaken in conjunction with BGP, utilizing the BGP Prospector vessel. The 4,770-square kilometer Gambito 2020 3D survey cove
Oslo-listed seismic player SeaBird has decided to reduce costs further and postpone capex until the market situation normalizes. The company said that immediate effects of the COVID-19 situation are operational. In particular, SeaBird said it is experiencing difficulties with crew changes for existi
Shearwater GeoServices said it has received project termination notices for two contracts in Asia Pacific. The first termination includes a short project for Woodside in Australia. The project is a part of Shearwater’s largest-ever 4D seismic campaign in the Asia Pacific. The campaign covers new 4D
National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Santos’ Keraudren Extension 3D seismic survey, offshore Australia. Santos proposed to undertake a 3D seismic marine survey over a portion of exploration permit areas WA-435-P, WA-436-P, WA-437-P and WA-4
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted a plan for a 2D seismic survey in the Browse and Offshore Canning basins submitted by Japan’s Inpex.
