As the oil and gas industry reacts to the continued downturn in prices, even the seismic vessels market is taking great pains to trim the fleet and stay competitive. Elaine Maslin surveys the market. GC Rieber delivered the Polar Empress…
Spectrum has finalized the purchase of Fugro's multi-client library for a cash consideration of US$115 million on a cash- and debt-free basis. The transaction has increased Spectrum’s 2D library by 115% in line km and increase its market position within 3D multi-client market…
SeaBird Exploration will now commence the Gigante survey for TGS Nopec, after receiving all necessary permits. The vessels Osprey Explorer and Hawk Explorer have commenced acquisition while Northern Explorer is currently mobilizing to Mexico…
Mitra Energy has completed the acquisition of 533sq km of full-fold 3D seismic data in the Block 127 Production Sharing Contract area, offshore Vietnam. The survey was undertaken by PTSC CGGV Geophysical Survey Co. using the 3D seismic survey vessel Amadeus…
Norway-based geoscience firm TGS has agreed to buy seismic firm Polarcus' multiclient library, excluding Australia, for US$ 27.5 million and future share on library late sales. The move was described as enabling Polarcus to 'navigate the current challenging market environment…
Independent Oil and Gas (IOG) is extending its seismic remapping agreement with Baker Hughes’ Reservoir Development Services (RDS) group to better understand resource potential for its Blythe and Cronx/Elgood projects in the Southern North Sea (SNS)…
Xodus Group appointed Andrew Sewell as global subsurface lead to oversee its global subsurface capabilities. Sewell has more than 24 years’ experience working in the oil and gas industry, initially as a geophysicist, and joined Xodus in 2012 as subsurface manager…
Schlumberger has launched depth domain inversion services, which is used by petrotechnical for reliability and consistency in seismic structural and quantitative interpretation in complex environments. Performing seismic inversion in…
Dolphin Geophysical is initiating seismic operations on the North West shelf with a large 3D SHarp Broadband Multi-Client survey covering approximately 15,000sq km, offshore Australia. Sanco Swift…
GeoTeric has announced the launch of Cognitive Interpretation. As an industry, billions are spent on acquiring and processing the best quality seismic data possible, in order to make informed decisions when drilling wells and producing oil and gas…
The Bureau of Ocean Energy Management (BOEM) and the Association of American State Geologists (AASG signed an agreement to foster interaction, cooperation and coordination on marine minerals and oil and gas resources on the outer continental shelf (OCS)…
Dolphin Geophysical has announced that the 3D seismic vessel, Polar Empress, is in full production towing 14 streamers on the Maud Extension multi-client survey in the Barents Sea. The Polar Empress has a capacity to operate up to 22 seismic streamers…
Northern Petroleum announced that the environmental impact assessments (EIA) for its three remaining exploration permit applications in the southern Adriatic have been approved. These approvals are in addition to the two EIA approvals for exploration permit applications announced on 10 June 2015…
Energean Oil & Gas announced that it is to conduct a new 3D seismic survey over the Prinos oil field and its surrounding licenses, in the Gulf of Kavala, northeastern Greece. The 3D survey will cover an area of 400sq km and will last approximately three weeks…
Spectrum announced that their vessel has arrived in Mexico and started the acquisition of their Gulf of Mexico 2D campaign, in collaboration with Schlumberger. The first phase of the acquisition program Mexico Campeche-Yucatan 2D Regional…