Geoscience News


France to Increase Mediterranean Military Presence over Turkish Oil & Gas Exploration

Aug 13, 2020

France will increase its military presence in the eastern Mediterranean, President Emmanuel Macron said on Wednesday, calling on Turkey to halt oil and gas exploration in disputed waters that has heightened tensions with Greece.The French leader…

Greece Calls Turkey's Seismic Survey in Mediterranean Illegal

Aug 10, 2020

Turkey dispatched a vessel to conduct a seismic survey in a disputed area in the eastern Mediterranean, a move which Greece said was illegal and is likely to heighten tensions between the two NATO allies.The advisory issued by the Turkish navy…

PGS' Shares Surge After Rival TGS' $600M Offer

Aug 07, 2020

Seismic surveyor TGS's unsolicited cash offer of $600 million for part of rival PGS sent its shares up as much as 67% in early trading on Friday.TGS said its offer, announced late on Thursday, for PGS's so-called multi-client library would significantly…

Axxis Geo Solutions Names New CEO

Aug 07, 2020

Oslo-listed seismic surveyor Axxis Geo Solutions has appointed Ronny Bøhn as CEO with effect from August 10, 2020. Bøhn has more than 20 years of experience from the seismic industry and has held management positions as vice president of marine operations at CGG and as COO at April AS…

Radical Changes – Unmanned Survey Services

Aug 07, 2020

Zupt, LLC, based in Houston, Texas has recently completed their 15th unmanned survey service in which there were  absolutely no survey personnel mobilized offshore – only our standard survey equipment and a “communications rack” that allows for serial…

TGS Makes Surprise $600 Mln Offer for Part of Rival PGS

Aug 06, 2020

Seismic surveyor TGS, a supplier of geological data to the global oil industry, on Thursday said it had made an unsolicited cash offer of $600 million for a key part of rival PGS.If successful, the offer to buy PGS's so-called multi-client library…

CGG Sells Multi-Physics Business

Aug 06, 2020

Oil and gas seismic data company CGG announced has entered into a Sale and Purchase Agreement (SPA) with Xcalibur Group for the sale of CGG’s Multi-Physics business.Under the agreement, France-based CGG will sell is entire Multi-Physics business…

TGS Resumes Seismic Survey Offshore Argentina

Aug 05, 2020

Norwegian seismic data provider TGS on Friday announced a return to Argentina to complete the previously announced 17,800 square kilometer Malvinas 3D Multi-Client survey. The acquisition is set to restart in Q4 2020 on what TGS said was a 'highly- funded survey…

Fugro Orders Two SEA-KIT USVs

Aug 04, 2020

Dutch offshore surveying services provider Fugro has ordered two 12-meter SEA-KIT X class uncrewed surface vessels (USVs), with one bound for their Asia-Pacific region and the other for North Sea operations.Ivar de Josselin de Jong, Director Remote Inspection at Fugro…

UOG Takes Tullow's Stake in Walton Morant Block Offshore Jamaica

Aug 03, 2020

AIM-listed oil and gas company United Oil & Gas has been assigned Tullow's interest in the Walton Morant Licence, offshore Jamaica, and it now holds a 100 percent stake.UOG said Monday the Jamaican Government had assigned it Tullow Jamaica Ltd's…

Egypt Says Turkish Seismic Survey Plans Could Encroach on Its Waters

Aug 03, 2020

Egypt said on Saturday that part of a seismic survey planned by Turkey in the eastern Mediterranean potentially encroached on waters where Cairo claims exclusive rights.An advisory issued last month by Turkey for the survey overlaps with Egypt's exclusive economic zone (EEZ)…

CGG, Magseis Fairfield Secure Pre-funding for North Sea Survey

Jul 29, 2020

Oslo-listed seismic survey company Magseis Fairfield has together with its partner CGG secured pre-funding from another oil major for the extension of the OBN Cornerstone multi-client survey in the North Sea.Magseis Fairfield did not say who the oil major was…

UK: Fugro Starts Site Survey at East Anglia Hub

Jul 28, 2020

Dutch offshore surveying services provider Fugro has started the geophysical survey phase of a large multidisciplinary site investigation contract for East Anglia offshore wind hub project in the UKThe contract with ScottishPower Renewables…

TGS Completes Canadian Marine Seismic Study

Jul 28, 2020

TGS, a Norway-based provider of seismic data for the oil and exploration and production companies, has announced the completion of the East Coast Canada Facies Map Browser and Play Fairway Analysis (ECC FMB & PFA). The company said that the…

Spain Sees Thaw in Europe-Turkey Tensions on Mediterranean Offshore Exploration

Jul 28, 2020

Spain's foreign minister said that talks in Turkey on Monday had helped to reduce tensions between some European Union members and Ankara over Turkish energy exploration in the Mediterranean, adding that a one-month pause in drilling was possible…

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