Norwegian owner Electromagnetic Geoservices (EMGS) said in a press note that it is currently engaged in the final stages of a contractual exchange for a proprietary data acquisition survey with an undisclosed customer.The survey will take place…
Norway's Electromagnetic Geoservices has signed a new charter agreement for the vessel BOA Thalassa with BOA SBL at new and improved commercial terms. The new terms are valid through 1 October 2019 with an option to extend the new agreement through 1 April 2021…
Electromagnetic Geoservices (EMGS) and TGS-NOPEC Geophysical (TGS) have agreed to expand the companies' cooperation agreement in the Barents Sea. TGS will be investing in a 3D CSEM data acquisition project related to the 24th licensing round in Norway…
Electromagnetic Geoservices (EMGS) has entered into a firm contract with an oil company in Malaysia, confirming the provisional agreement announced oN 1 November 2016. The contract extension is worth approximately US$8 million and relates to a 3D EM data acquisition offshore Sabah…
Norwegian geoscience firm Electromagnetic Geoservices (EMGS) says it is to reduce its 'employee expenses' by about 20%, through temporary and permanent layoffs on shore and offshore and other measures, due to a reduced level of activity. Q2 'employee expenses' were US$5…
Electromagnetic Geoservices (EMGS) has ended a charter contract for the EM Leader, as its vessel utilization increased in Q2 2016, compared to last year. The EM Leader, from EMGS. The…
Norwegian geoscience firms Petroleum Geo-Services (PGS) and Electromagnetic Geoservices (EMGS) have reached a settlement agreement over patent disputes. Instead of not allowing each other to use each other's technologies, the firms have…
Norwegian geoscience firm Electromagnetic Geoservices (EMGS) has announced plans to cut its headcount by a further 15%, following a 20% reduction in workforce made last year. Actual staffing numbers were not given. EMGS said the changes…
Brazil and Mexico are not the only games in town in Latin America. The deepest water well ever drilled is lined up for offshore Uruguay and Exxon is set to test Liza offshore Guyana. Elaine Maslin reports. The newly minted Maersk Venturer drillship…
Electromagnetic Geoservices (EMGS) announces that the company has entered into a data licensing agreement with an international oil company for the provision of 3D EM data from the multi-client data library over the Daybreak project located in the western US Gulf of Mexico worth a total of US$1…
Electromagnetic Geoservices (EMGS) has announced that the company has entered into a data licensing agreement with an international oil company for the provision of 3D EM data from the multi-client data library over the Foz de Amazonas and Ceara basin in Brazil worth a total of US$ 4.1 million.
Electromagnetic Geoservices ASA (EMGS) is extending its cost reduction plans by removing another vessel from its fleet, and reducing staffing levels in a move that will reduce operation costs by up to US$35 million annually, and $70 million for 2015…
A letter of award has been announced and signed by Electromagnetic Geoservices (EMGS), worth approximately US$15.3 million, with a repeat customer in India. The survey, which is located off the eastern coast of India, is expected to start in early January 2016 by the vessel BOA Thalassa…
Electromagnetic Geoservcies (EMGS) signed an extended charter agreement for the vessel BOA Thalassa with BOA SBL (owner of the vessel) at new and improved commercial terms. The new terms are valid as of 1 October 2015. The Galatea and Thalassa vessels…
Electromagnetic Geoservices EMGS signed a US$7 million contract extension with an oil company in Malaysia. The vessel BOA Thalassa commenced the extension of the survey on 21 October, and expected duration of the survey is approximately 1…
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