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(OE) Marine geophysical service provider PXGEO on Wednesday announced it has acquired one hundred percent of the share capital of rival AmpSeis, developer of what is said to be the industry's most advanced ocean bottom node. PXGEO described the acquisition as a step forward in its strategy to be the technology leader in the ocean... Continue Reading →
(OET) Norwegian seismic company PGS has reflagged the entire fleet of owned vessels to Norway, a move said to have the global geopolitical situation as a driving factor. The reflagging of the Ramform Tethys on December 5 marked the completion of the initiative to bring the entire PGS fleet of owned vessels under the Norwegian flag.... Continue Reading →
(OET) Uruguay’s state-owned energy company ANCAP has tucked a new milestone under its belt with the signing of contracts for four offshore blocks with three oil and gas players in line with the framework of the Open Uruguay Round that has been in force since 2019. As a result, the UK-headquartered Shell, the U.S.-based APA Corporation, and... Continue Reading →
(PN) Halliburton announced today a new contract with the Libra consortium, which is led by Petrobras. Under the agreement, Halliburton will develop a digital twin for a system in the Mero field, in the Santos Basin pre-salt. In a statement to the market, the company states that the technology will help the consortium to “reduce... Continue Reading →
Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana, five people close to the talks said. The request to act on blocks that have not been touched in more than a decade comes amid an escalating... Continue Reading →
(OET) Norway-headquartered seismic company PGS has made progress in its merger with TGS after shareholders of both companies threw their support behind the merger in a bid to establish a stronger and more diversified geophysical company and data provider to the energy value chain. Back in September 2023, TGS and PGS announced their agreement on principal terms... Continue Reading →
(OET) Marine geophysical services player PXGEO has won a new contract with Brazil’s state-owned oil and gas giant Petrobras for a 4D ocean bottom node (OBN) survey offshore Brazil. This survey is to be acquired in water depths up to 2,200 m with a duration of approximately 7 months. According to PXGEO, the 4D OBN survey... Continue Reading →
(OE) Brazilian oil company Petrobras and Norwegian marine seismic services firm Shearwater have entered into a collaborative technology agreement aiming to reshape seismic exploration and field developments. This multi-year strategic partnership is set to evolve the seismic industry to new levels of performance, Shearwater said Wednesday. Central to this endeavor is Shearwater’s marine vibrator, with... Continue Reading →
(OET) A geotechnical survey campaign has been completed at the Ossian floating offshore wind farm site in Scotland. Set to be located across 858 square kilometers of seabed off the east coast of Scotland, the project is a joint venture between SSE Renewables, Marubeni, and Copenhagen Infrastructure Partners (CIP). The site’s seabed is around 72... Continue Reading →
Fugro’s revenue for the third quarter of 2023 is €608.9 million, an increase from €480.2 million reported in the same quarter of 2022 – a result said to be due to better contracting conditions, high activity levels and good project execution. Fugro reported that its revenue was up by 32.6% on a currency-comparable basis, by... Continue Reading →
Brazil Energy Insight 