Geological, Geophysical News

TGS & PGS to Change Multi-Client Library Amortization
United States >> 12/4/2015 - Due to an amendment to IAS 38 Intangible assets, the amortization method for the seismic multi-client libraries will have to change with effect from 1 January 2016. After an extensive process involvin...
Polarcus redefining exploration efficiency and data quality
Australia >> 12/2/2015 - Polarcus recently completed its first commercial project offshore Australia utilizing the revolutionary XArray(TM) in a five source configuration known as Penta source. With XArray(TM) Penta source we...
TGS's Geological Products Acquires Digital Petrodata
United States >> 10/23/2015 - TGS's Geological Products division purchased all the outstanding shares of Digital Petrodata LLC. Digital Petrodata, established in 2005, is a small GIS technology company based in Denver that provide...
EMGS Signs $7 Million Contract Extension in Malaysia
Malaysia >> 10/21/2015 - Electromagnetic Geoservices ASA (EMGS) has signed a contract extension worth approximately USD 7 million with an oil company in Malaysia. ...
Fugro Awarded Extension of Geophysical & Geotechnical Contract by PEMEX
Mexico >> 10/6/2015 - Fugro (Mexico) in conjunction with long-time associates, Diavaz, has been awarded an extension of the ongoing offshore geophysical and geotechnical campaign by the Mexican national oil company, PEMEX....
Erin Energy Discovers Approx. 500 MMbbls Oil in ESWT Block
Ghana >> 10/5/2015 - Erin Energy Corporation (Erin Energy) announced that the resource volume assessment of the three previously discovered fields (Tano North, Tano West, and Tano South) has been completed in the Expanded...
TGS & APPA Sign LoI for Africa Stratigraphic Harmonization Project
Ivory Coast (Cote D'Ivoire) >> 9/18/2015 - TGS and the African Petroleum Producers' Association (APPA) have signed a Letter of Intent to harmonize the stratigraphic nomenclature of the sedimentary basins of 13 countries in Africa. The results ...
Ikon Science, PetroTrace Global Extend JV Scope
United Kingdom >> 8/26/2015 - Building on the existing Joint Venture linking the two companies, Ikon Science announces the availability of seismic data processing workflows using a new High Performance Computing (HPC) cluster in i...
Polarcus Partially Completes Multi-Client Library Divestment
United Arab Emirates >> 8/25/2015 - Reference is made to the stock exchange notice published by Polarcus Limited (Polarcus) on 29 June 2015 regarding partial divestment of the Company's multi-client library to TGS-NOPEC Geophysical Comp...
OI China 2015 Launches the First “Product of the Year” Competition
China >> 8/25/2015 - Oceanology International China 2015 (OI China 2015), Asia's Premier Event for Marine Science and Ocean Technology, will be inaugurated in Shanghai Convention & Exhibition Center of International Sourc...
OI China 2015 Will Open in Shanghai in November
China >> 8/10/2015 - Oceanology International China 2015(OI China 2015), Asia's Premier Event for Marine Science and Ocean Technology, will be inaugurated in Shanghai Convention & Exhibition Center of International Sourci...
EMGS Wins 3D EM Data Acquisition Program Offshore Malaysia
Malaysia >> 8/7/2015 - Electromagnetic Geoservices ASA (EMGS) has received a letter of award (LOA) for a contract worth approximately USD 4.2 million from an oil company for 3D EM data acquisition over their operated area i...
TPDC Awards CGG Airborne Gravity Gradiometer Surveys
Tanzania >> 7/21/2015 - CGG has been awarded a contract by the Tanzanian Petroleum Development Corporation (TPDC) to acquire high-resolution gravity gradiometry and aeromagnetic data over two onshore areas along the South-Ea...
ION Announces Ruling in Appeal on WesternGeco Patent Infringement Lawsuit
United States >> 7/2/2015 - ION Geophysical Corporation announced that on July 2, 2015, a panel of justices on the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. reversed in part and affirmed in part the paten...
Schlumberger Introduces Depth Domain Inversion Services
United States >> 6/23/2015 - Schlumberger has launched the Depth Domain Inversion Services. Schlumberger petrotechnical experts use the services to improve the reliability and consistency of seismic structural and quantitative in...
BOEM, State Geologists Group Agree on OCS Cooperation
United States >> 6/18/2015 - The Bureau of Ocean Energy Management (BOEM) and the Association of American State Geologists (AASG) have signed an agreement to foster interaction, cooperation and coordination on marine minerals and...
Fugro Awarded Geotechnical & Geophysical Site Investigation Program
United States >> 6/5/2015 - Fugro has been awarded a large geotechnical and geophysical (G&G) programme by ExxonMobil Alaska LNG LLC (AKLNG - a consortium of ExxonMobil, ConocoPhillips, BP, TransCanada and the State of Alaska). ...
Soma Oil & Gas Exploration Provides Operational Update
Somalia >> 6/3/2015 - Soma Oil & Gas Exploration Limited, the Somalia focused oil and gas exploration company, provides the following operational update. ...
ION to Reprocess CROP Seismic Data Offshore Italy
Italy >> 6/2/2015 - ION Geophysical Corporation has commenced reprocessing approximately 5,000 km of existing two-dimensional (2D) Crosta Profonda (CROP) data in a geologically complex region offshore Italy extending fro...
CGG Takes Record for True Fast-Track Depth Imaging
France >> 6/2/2015 - CGG has completed in record time the fast-track results for a 1,748-square-kilometer BroadSeis 3D marine acquisition and depth imaging project for one of the world's largest international oil companie...

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