French seismic acquisition firm CGG has posted strong results for Q4 2014 despite the current 'unfavourable' oil price environment. The CGG Oceanic Vega. From CGG. The firm said its anticipates record multi-client sales for Q4 2014…
Five companies have been awarded licenses covering 10 exploration blocks in the Adriatic Sea in Croatia's first licensing round. The round had offered 29 blocks in the eastern Adriatic Sea covering a total of 36,822sq km. Bids were received from six companies for 15 exploration areas…
With well data often scarce, many deep water Gulf of Mexico operators rely on the structural images and elastic properties derived from seismic when evaluating the probability of success and estimating reserves in prospective fields. Vincent Vieugue suggests this is not enough…
The giant Libra field has many challenges, sitting in Brazil’s deepwater pre-salt. Claudio Paschoa take a look at the development plans. The Libra prospect and the pre-salt region. Image from Mercopress…
Norwegian seismic acquisition technology firm Magseis has won a contract with Chevron North Sea. The contract is for seabed seismic acquisition in the UK sector of the North Sea using Magseis' proprietary MASS system and the Artemis Athene…
Moroccon authorities have approved a farm-in deal between London based exploration minnow Chariot Oil & Gas and Australia's Woodside on the Rabat Deep Offshore permits I-VI. Woodside is committed to pay 100% of the 3D seismic acquisition…
Ocean Yield delivered the survey vessel Geco Triton to Schlumberger subsidiary WesternGeco, netting US$8.2 million for the vessel. Geco Triton was built in 1991 and remains under a charter arrangement to WesternGeco until December 2015…
Norway-based offshore geophysical services firm Polarcus has signed a letter of intent with Perenco Oil & Gas Gabon for a 3D marine seismic acquisition project offshore West Africa. The project, to be acquired by Polarcus Nadia and subject to the execution of a service contract…
Norwegian geophysical firm TGS has appointment Kristian Johansen to a newly created role - Chief Operating Officer (COO) - effective 1 February 2015. Johansen joined TGS in 2010 as Chief Financial Officer. Before joining TGS, Johansen…
SeaBird Exploration has received a memorandum of agreement (MOA) from an unnamed company to acquire up to 45,000km of 2D seismic data in North and South America. Under the terms of the MOA, the company will charter one seismic vessel from SeaBird over a period of approximately 12 months…
Australia's WHL Energy has identified new leads offshore after assessing the Junon 3D seismic dataset acquired within its offshore Seychelles project area. WHL Energy received an interim PreSTM data set for the Junon 3D seismic survey…
Kosmos Energy and partner Europa Oil & Gas are eyeing exploration drilling on new prospects offshore Ireland following new 3D seismic data on frontier exploration licenses (FEL) 2/13 and 3/13 licenses in the South Porcupine Basin. Kosmos Energy acquired the new 3D seismic in 2013…
Rocksource said it encountered a thick well-developed basin floor fan sand with a gas-accumulation at the top in the Kvitnos target in the PL 528 Ivory exploration well in the Norwegian Sea. In the deeper Lysing target, the well penetrated a poorer than expected water-bearing sand…
Production of crude oil and natural gas began for Chevron Corp.’s Jack/St. Malo project in the deepwater US Gulf of Mexico (GoM). The Jack/St Malo semisubmersible floating production unit. From Chevron…
In 2005, Norway’s Ulstein Group introduced the X-Bow to the market, a design feature that increases crew comfort onboard offshore vessels, while giving the opportunity to keep up speed in foul weather or the option of reduced fuel consumption…