Shearwater GeoServices Holding has announced the award of a large towed streamer 3D seismic survey for Block 52, offshore Suriname by PETRONAS Suriname in an Americas regions the company is focusing on.
The four-month project is scheduled to commence in Q4, 2020.
“This new survey in Suriname comes at an exciting time for this area,” said Irene Waage Basili, the Chief Executive Officer of Shearwater. “We look forward to working together with PSEPBV, an affiliate of PETRONAS...
Marine geophysical company PGS ASA revealed in its Q2 and preliminary first half 2020 results presentation that it was in negotiations with its lenders to preserve liquidity in light of the dramatic negative market change caused by the Covid-19 pandemic.
The company said these negotiations are in an advanced stage, constructive and carried out with the support of the lenders under its ~$300 million export credit facilities, the lenders under its $350 million revolving credit facility and...
MAN Energy Solutions has completed the installation and commissioning of the Origin Energy-operated Talinga Orana gas gathering station.
Located 30km southwest of Chinchilla, the dual train Talinga Orana Gas Gathering Station is vital for continued sustainability of Australia Pacific LNG’s upstream asset portfolio and its ability to bring gas to market.
The station allows Origin to optimise CSG production, specifically from the Orana and Talinga gas fields in...
PGS and Ocean Floor Geophysics have signed an agreement under which OFG has acquired the exclusive rights to use the hardware, software and intellectual property associated with the PGS towed streamer CSEM system. PGS receives shares in OFG as settlement for the transaction.
The towed-streamer CSEM technology developed by PGS is a state-of-the-art system that allows for the acquisition of high-quality marine CSEM data in a fast and efficient manner. The system complements existing CSEM...
Australia’s oil and gas industry has paid tribute to Dr Anthony Lynham following his decision to retire from politics at the upcoming Queensland election.
APPEA Chief Executive Andrew McConville applauded Dr Lynham for his outstanding leadership, distinguished parliamentary career and commitment to growing the resources sector.
“The industry applauds Dr Lynham’s achievements in helping to grow the oil and gas sector to create jobs and investment and for always being...
Woodside has entered into a binding sale and purchase agreement to acquire Cairn’s entire participating interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture.
Australia's largest independent energy company announced that while the sale was subject to regular approval from the Senegal government and Cairn shareholders, the company had exercised its pre-emptive rights and completion was targeted for the fourth quarter of this year.
High-performance computing experts DUG Technology and Norwegian energy giant Equinor have signed a multi-year deal covering seismic processing and imaging technology.
Under the deal, Equinor will replace existing third-party technology with an integrated solution using DUG McCloud, an innovative platform that allows clients to mix and match DUG's high-performance computing as a service (HPCaaS), seismic processing and imaging (P&I) services, and the DUG Insight geoscience software.
Shearwater GeoServices has announced a new 3D seismic acquisition award for ION Geophysical’s UK Mid North Sea High (“MNSH”) program.
The Amazon Warrior will spend approximately one and a half months acquiring the initial phase of the MNSH 3D survey in Q3 2020 under an agreement that provides Shearwater a commercial interest and revenue sharing mechanism.
This survey is part of a larger program proposed by ION to be acquired 2020-2021. The agreement also establishes a framework...
Sercel announced that it has completed its first delivery of WiNG, its next-generation wireless land nodal acquisition system. Turkish Petroleum International Company (TPIC), a long-standing Sercel client, has selected a WiNG system for upcoming seismic acquisition projects in difficult-to-access mountainous areas of Turkey.
WiNG meets TPIC’s requirements for optimal operational efficiency and delivery of the highest-quality seismic data to the processing centre. This is achieved...
Norwegian seismic company Seabird has posted third-quarter results revealing a 196% increase in revenues year-over-year to $16 million, up from $5.4 million a year ago.
In the third quarter of 2019, however, Seabird’s losses dipped to $5 million, compared to a loss of $4,6 million in the corresponding period a year earlier.
The company had five vessels in operation during the quarter, representing 68% fleet utilisation, contrasting with three vessels on projects (55% utilisation) in...