Seismic players ION Geophysical and WesternGeco have reached a settlement of the decade-long patent litigation regarding lateral streamer positioning. The parties have signed a deal where WesternGeco will permanently dismiss the pending lawsuit, grant ION a license to the patents and lift the injunc
Norwegian seismic services company EMGS has noted an extremely low vessel utilization for the first quarter of 2020 due to project cancelations, which ensued following the recent oil price drop and the coronavirus pandemic. As a result, one of EMGS’ vessels is up for a cold-stack.
Oil and gas company Global Petroleum has agreed to license pre-existing 3D seismic data in its 2011A (PEL0094) offshore Namibia Block.
SeaBird Exploration has received cancellation notice for the ocean bottom node (OBN) surveys in West Africa. The end-client has decided to cancel the two OBN surveys due to the COVID-19 situation. SeaBird primarily received the letter of award for the surveys in January of this year, and the work wa
Marine geophysical firm PGS said it expects the low oil price to have a material negative impact on demand for seismic services and activity. The company is implementing cost and capital expenditure measures to meet an expected significant revenue reduction, with details to be provided in Q1 2020 ea
Seismic services provider PGS has completed the acquisition on its MC3D Kwanza Shelf survey offshore Angola.
Norwegian seismic player TGS has decided to start work on the industry-funded Atlantic Margin 20 (AM20) 3D multi-client project as soon as the marine seismic acquisition season gets underway in northwest Europe this summer.
Polarcus has come up with a $15 million cost reduction plan to navigate the current uncertainty facing the marine seismic acquisition market due to the combined impacts of the COVID-19 pandemic and oil price volatility.
Norwegian ocean bottom node seismic player Axxis Geo Solutions (AGS) has appointed Nils Haugestad as the company’s chief financial officer (CFO). Haugestad comes from Seabird Exploration where he held the position as CFO over the last six years and was instrumental in the refinancing of the company
TGS, in partnership with PGS, has released the final 3D seismic data results offshore Newfoundland and Labrador. The data is released ahead of the C-NLOPB announcement of parcels and the forthcoming licensing round. The fully merged and migrated Tablelands and North Tablelands 3D datasets cover appr
Norwegian seismic firms PGS and TGS have released final 3D seismic data results offshore Newfoundland and Labrador ahead of the C-NLOPB announcement of parcels and the forthcoming 2020 Eastern Newfoundland licensing round.
Sharp oil price drop and the global coronavirus pandemic have pushed Norwegian seismic survey company EMGS to operate in a low-cost setup to preserve sufficient liquidity.
Magseis Fairfield has secured a deepwater ocean bottom node (OBN) project with an undisclosed client in the Mexican sector of the Gulf of Mexico. This is the first deepwater OBN survey in Mexico following the 2013 Energy Reform, with work scheduled to start in the third quarter of 2020. The survey w
Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) said it has received a cancellation on a small contract in the North Sea. The contract was scheduled to be executed in second quarter 2020. AGS had not previously announced this contract, however the company said it was communicat
