SAExploration Wins $130Mln of New Projects
Houston-based global seismic services company SAExploration announced a combined $130 million of new projects in Alaska, Canada and the Middle East.According to the geophysical services provider the largest contract is valued at approximately $112 million for onshore data acquisition services to be performed on the North Slope of Alaska.The data acquisition services will be conducted over the next three winter seasons…
Poland Employs New Seismic Tech
The Polish state-controlled oil and gas company PGNiG said that its geophysical services provider Geofizyka Toruń SA became the first company in Europe to employ new seismic data acquisition technologies in searching for hydrocarbon deposits.The Polish oil and gas company said in a press release that the company is replacing the hitherto used cabled geophone networks with ultra-lightweight wireless nodal sensors.
EMGS Vessel Utilisation Stands at 32% in 4Q
Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) said that its vessel utilisation for the fourth quarter 2018 was 32% compared with 13% for the fourth quarter in 2017.For the full year 2018, the vessel utilisation was 33%, whereas the utilisation for the full year 2017 was 56%, it said.In the fourth quarter of 2018, the Company's vessels were allocated 32% to proprietary work and no time was spent on multi-client projects.
Eidesvik Offshore Bags CGG Charter
Norway's Eidesvik Offshore said that a company in the group has entered into an agreement with a CGG subsidiary for a new contract for the source vessel Veritas Viking.The contract is 5 months firm with further options and will commence ultimo November 2018. CGG is a French-based geophysical services company providing geological, geophysical and reservoir capabilities to customers…
FairfieldNodal to Acquire WGP
FairfieldNodal is in advanced discussions with Thalassa Holdings to acquire WGP Group Ltd., a premier provider of marine geophysical services headquartered in the U.K. FairfieldNodal continues to seek opportunities to strengthen and expand its technology portfolio, and transform itself into a world-class provider of integrated life of field seismic services, data and data analytics…
Eley to Take over as Polarcus CEO
Duncan Eley has been appointed chief executive officer of Oslo listed offshore geophysical services company Polarcus Limited, replacing Rod Starr, who has resigned following a two year reorganization period. Eley has been promoted to the CEO role from his current position as chief operating officer, succeeding Starr effective immediately. Starr will continue to work with the executive…
Knudsen Quits Electromagnetic Geoservices
Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) announced that its Chief Financial Officer (CFO), Svein Knudsen, has tendered his resignation. Knudsen has held the position as CFO of EMGS since January 2005. Stig Eide Sivertsen, CEO of EMGS, said, "Svein and I go way back, and he has been an instrumental part of the EMGS history since 2005. Prior to joining EMGS in January 2005…
