Kreuz Holdings Limited (“Kreuz” or together with its subsidiaries, the “Group”), an integrated subsea service provider for the oil and gas industry, reported that the Group’s net profit increased 5.4% to US$10.8 million for the first quarter ended March 31, 2013 (“1Q2013”) as compared to US$10.3 million in the previous corresponding period (“1Q2012”). This was [...]
May 9, 2013 | Posted in
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Measurement and Control business today announced two innovative condition monitoring and sensing solutions for the subsea sector: the Acoustic Leak Detection System and the Subsea Multi-Domain Condition Monitoring System. Representing the first products resulting from GE’s acquisition of Naxys in 2012, these solutions allow oil and gas operators to monitor the integrity of their subsea [...]
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Electromagnetic Geoservices ASA (EMGS) has signed a data licensing agreement worth USD 6.4 million for the provision of 3D controlled-source electromagnetic (CSEM) and magnetotelluric (MT) data from EMGS’s multi-client data library in the Norwegian Sea. These revenues will be recognised in the second quarter of 2013. Following this transaction, EMGS has in total secured close [...]
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SOCO announces that following the agreement of the owner and operator of the Floating Production Storage and Operating (“FPSO”) vessel, and approval from the relevant Vietnamese authorities, the Hoang Long Joint Operating Company (“HLJOC”) has completed the first phase of a multi-stage test of the TGT FPSO oil production handling capacity beyond the 55,000 barrels [...]
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MCG announces the commencement of a new multi-client 2D survey, MCG1301, in the southwestern Norwegian Barents Sea. This is the fifth consecutive year MCG acquires multiclient 2D in the western Barents Sea. The survey is a consistent 4×4 km grid and will be around 8,400 km. This will bring MCG’s high quality, long offset, multi-client [...]
TGS has commenced acquisition of a 2D multi-client survey offshore Sierra Leone. The survey, SL13, will add 9,191 km of new 2D data to infill the existing 5,784 km of 2D data acquired in 2001. Upon completion of the SL13 survey, TGS will have approximately 15,000 km of contiguous 2D multi-client data and 6,268 km2 [...]
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TGS-NOPEC Geophysical Company ASA (“TGS”) announces a commercial agreement to sell Fugro’s 2D multi-client library. As a result of this agreement, Fugro provides TGS with an exclusive right to licence and market the majority of Fugro’s multi-client 2D library and receive commission fees on the sales of this data. The agreement covers more than 1,000,000 [...]
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Reson Offshore Ltd has recently secured a contract through Marine Scotland’s tender procedure for two Multi Beam Echosounder Systems. Reson will provide upgrade, maintenance and system support for the two Multi Beam Echosounder Systems (MBES). The systems are owned by Marine Scotland Science and installed on the research vessels MRV Scotia and MRV Alba Na [...]
March 15, 2013 | Posted in
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![TGS to Begin Two Multi-Client 3D Seismic Surveys in Barents Sea, Norway]()
TGS will commence the Europe 2013 acquisition season with two 3D multi-client surveys in the Norwegian Barents Sea; Finnmark Platform 2013 (FP13) covering 3,500 km2 and the Hoop to Fingerdjupet 2013 (HF13) covering 8,600 km2. Both 3D seismic surveys cover areas of complex geology and are designed to address specific customer imaging requirements. Data from [...]
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Electromagnetic Geoservices ASA (EMGS) announces that it has secured multi-client late sales worth approximately USD 10 million. These sales stem from a combination of the company’s 3D EM data library in Brazil, the Norwegian Sea and the Barents Sea. The revenues will be recognized in the first quarter of 2013. Press Release, February 28, 2013
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