Three marine seismic data acquisition and processing companies TGS, CGG, and BGP have signed a multi-client agreement with Suriname's national oil firm Staatsolie.Under the agreement, the consortium will be able to acquire, promote and license multi-client seismic programs…
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced on Saturday the launch of 'THE RIG', which it said would be the world's first tourism destination on offshore platforms.The fund, the engine of Crown Prince Mohammed…
The sentencing in a London court of British oil services group Petrofac over charges that it failed to prevent bribery in Iraq, Saudi Arabia, and the UAE has been postponed to Monday, a court spokesperson said in an email.Petrofac had said it…
Vessel utilization in the offshore oil and gas seismic data acquisition sector has reached pre-pandemic levels in the third quarter of 2021, Rystad Energy has found.Rystad, a Norway-based energy industry intelligence firm, said that, after several devastating quarters caused by the pandemic…
Norwegian seismic data firm TGS has announced the start-up of a new 2D seismic survey in the MSGBC Basin, offshore Mauritania.The survey, North-West Africa Atlantic Margin (NWAAM) 2021, will comprise 7,500 kilometers of seismic data, with a modern broadband acquisition set-up…
CGG, a France-based provider of seismic data for oil and gas exploration, said Monday its subsidiary Sercel has recorded the first major sale of its recently launched GPR300 seabed nodal solution.Sercel sold the nodes to BGP, a China-based international geophysical services provider…
Sercel, part of the French seismic data firm CGG, on Wednesday launched GPR300, a seabed nodal seismic acquisition solution designed for deployment in shallow waters down to depths of 300 meters.'Developed in partnership with BGP, the new solution…
Norway-based TGS, a provider of seismic data for oil and gas exploration, has this week started the acquisition of Pelotas 2D multi-client phase 3 offshore Brazil.The survey located in the Pelotas Basin covers approximately 17,000 line kilometers…
Marine seismic data company ION Geophysical has said it has secured an exclusive agreement for 3D multi-client programs offshore Kenya, an underexplored province that has yet to produce its first offshore oil. The agreement includes both 3D…
Saudi Arabia’s announcement that it will reduce oil output by 1 million barrels per day in February and March has boosted prices and helped paper over divisions within the producer alliance, at least temporarily.The unilateral cut, announced on Tuesday…
Abu Dhabi's national oil company ADNOC said Thursday it had awarded a contract worth up to $519 million to Chinese seismic contractor BGP to further expand the scope of what it says is the world’s largest combined 3D onshore and offshore seismic survey…
Norwegian oil and gas seismic data company TGS has returned to Argentina to complete the previously announced Malvinas 3D Multi-Client offshore survey, and has also announced two new surveys in Brazil.In Argentina, TGS has earlier this week…
Offshore rig builder Lamprell has won an engineering design services contract with Saudi Arabia's International Maritime Industries (IMI).Lamprell said the work would form an integral part of IMI's 2030 new build rig program; supporting the…
Saudi Arabia will voluntarily deepen oil output cuts from June as low oil prices are causing huge pain to the kingdom's budget and global demand remains weak due to lockdowns to contain the coronavirus pandemic.The announcement by the kingdom…
Norwegian seismic company TGS has started a 3D seismic survey offshore The Gambia.The acquisition is being carried out together with the seismic vessel contractor BGP, using the BGP Prospector vessel. 'This vessel steamed south after recently completing another 3D seismic survey in northern Senegal…
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