Amid mixed reports on the health of the offshore supply chain, the underreported seismic services segment — a bellwether of eventual market growth or decline — is showing signs that another wave of market recovery is just a year away.Oslo-based…
Pandion Energy announced it has begun to digitalize its subsurface capabilities through the application of new digital solutions to geological and geophysical data.The objective, Pandion Energy said, is to drive innovation and enhance efficiency…
The massive Libra pre-salt area, which was originally believed to contain at least volumes of between 8 billion and 12 billion boe, started production at the end of 2017. Located within the Santos Basin, over 200 kilometers off the coast of Rio de Janeiro…
The Asia-Pacific offshore oil and gas industry has begun to emerge from the recent global downturn, but remains among the regions where the road to recovery has been particularly slow.“Australia has seen positive news on new liquefied natural…
Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favor of areas known to contain commercial levels of oil or gas.The French major aims to drill 23 wells this year…
BP has invested further in artificial intelligence (AI) technology as part of an effort to accelerate project lifecycles, from exploration through to reservoir modeling.The super major announced Monday that its technology investment arm BP Ventures…
Offshore geophysical company Polarcus said it has been awarded a contract for a 3D marine seismic acquisition project in West Africa.The project will commence in the first quarter of 2019 with an approximate duration of six weeks.
Marine seismic surveyor SeaBird Exploration announced Thursday it has secured extensions for two existing contracts.The contract for the 2D/3D shallow water vessel Voyager Explorer, which is working on an ocean bottom node survey in the Far East…
UAE-based marine geophysical company Polarcus announced Thursday it has been awarded a 3D marine seismic acquisition project offshore Mexico for an unnamed customer.Polarcus said the project duration is approximately 45-days and is scheduled to commence in the second quarter of 2019.
Geoscience company CGG is extending its Gabon multiclient data footprint with a 9,800-km offset 2D seismic survey in an unexplored deepwater area of the South basin.The integrated Geoscience company said it is building on the recent success of its 25…
Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil.The software used in the Gulf, based on an algorithm created by Xukai Shen…
Bergen based Swire Seabed has ordered its first autonomous underwater vehicle (AUV), a HUGIN system configured for commercial survey applications from manufacturer Kongsberg Maritime, the firm announced Thursday.According to Swire Seabed, the…
U.S. based seabed survey and ocean exploration company Ocean Infinity announced Wednesday that its Brazilian partner has been awarded a contract to provide high-resolution hydrographic mapping services to Brazilian national oil company Petrobras…
Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana's coast have not returned to the site of a December incident with Venezuela's navy, but they may in the future, Guyana's foreign minister said on Thursday.Guyana, with no history of oil production…
Norway will step up preparations to claim its share of oil and gas resources if Russia finds petroleum on its side of a border in the Barents Sea, the head of Norwegian Petroleum Directorate (NPD) said on Thursday.Norway and Russia in 2010 agreed a maritime border in the Barents Sea…
