Seismic activity picking up is usually first sign of improved market for offshore drilling:
Oslo-listed seismic player PGS has been awarded a contract in the Black Sea, scheduled to start mid-August 2021 and be completed in November. The contract comes with options to extend well into 2022. PGS will utilise the 1999-built seismic vessel to...
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The thread title made it look like we need to add earthquakes to our growing list of doomsday scenarios.
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There is a very long list. Auckland New Zealand is the city near where I live has over 55 dormant volcanic cones. Scientists say there is always a chance that one will come to life with the problem of evacuating 1.5 million people. Part of our islands are on the Pacific Plate and the other part on the Australian Plate. The Pacific Plate is subducting under the Australian plate.
Then the more we learn about the Cosmos the more it is apparent that our very existence is pure chance.
Time I had a beer.
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Protests against Seismic survey activity is also picking up:
A group of environmental activists have surrounded Shearwater’s seismic vessel on its way to the Otway Basin, where it’s been recently given clearance to commence a survey on behalf of oil and gas giant ConocoPhillips. Grassroots Action Network...
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Shearwater seismic survey vessel “Geo Coral”:
https://www.skipsteknisk.no/delivered-ships/geo-coral/29/194/
ombugge
November 19, 2021, 5:24pm
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Coming to a Gulf near you:
Seabed seismic player Magseis Fairfield has been awarded a new 4D ocean bottom node (OBN) survey in the Gulf of Mexico. The survey, for a repeat customer, is expected to commence in the first quarter of 2022, and run for approximately five...
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Magseis Fairfield has picked up more work in GoM:
Oslo-listed Magseis Fairfield has added more work to its Gulf of Mexico backlog after a repeat customer exercised an option in addition to the previously awarded 4D ocean bottom node (OBN) seismic survey. The new project is set to start in the second...
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Magseis Fairfield is in the news again:
Seabed seismic player Magseis Fairfield has been awarded a contract extension in the North Sea and a conditional award in the Gulf of Mexico for ocean bottom node (OBN) surveys. The North Sea project, which was awarded earlier this year by an...
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Magseis has been a lot in the Offshore news lately. Looks like that will change with this consolidation in the Seabed Seismic segment:
Oslo-listed seismic player TGS has moved to take over fellow seabed seismic firm Magseis Fairfield in a deal that values the company at NOK2.33bn ($236.9m). The two companies have struck a deal that will see TGS put forward a voluntary exchange offer...
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“With a strengthening focus on costs and cycle times in the exploration and production of oil and gas, an increasing amount of demand of geophysical data is driven by infrastructure-led exploration and production monitoring,” said Kristian Johansen, CEO of TGS, adding: “Combining Magseis’s leading position in the Ocean Bottom Node market with TGS’s multi-client and data processing capabilities creates a unique offering of superior quality products and services across the value chain.”
More consolidation in the seismic sector:
Seismic data providers TGS and CGG have been selected as the successful bidders for acquiring ION Geophysical Corporation’s assets in connection with its recently announced US chapter 11 bankruptcy process. Norway’s TGS will acquire certain...
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Company Overview ION is an innovative, asset light global technology company that delivers powerful data-driven decision-making offerings to offshore energy and maritime operations markets. A leading technology innovator for over 50 years, ION...
ombugge
October 1, 2023, 10:15pm
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Joining forces for more market weight:
Norway's Argeo and Shearwater GeoServices have entered a strategic alliance with the aim of innovating and pioneering new technology and products across the subsea and ocean bottom node (OBN) markets.
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