Norway Clears TGS and PGS Merger

(OE) Norwegian seismic firms TGS and PGS have received merger approval from the Norwegian Competition Authority (NCA), brining them one step closer to establish a premier energy data company. The merger between the companies, first announced in September 2023, has been subject to review by the competition authorities in the UK as well as in... Continue Reading →

PGS Secures 3D Contract in South Atlantic

(OE) Marine seismic data company PGS has received a letter of award for a large 3D contract offshore South Atlantic margin from a multiclient company. A Ramform Titan-class vessel is scheduled for mobilization in June, with a forecast acquisition duration of up to 300 days. The value of the contract has not been disclosed, but... Continue Reading →

Acteon acquired by private equity investors

(OM) Acteon Group, an offshore energy infrastructure services business, has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP). With this business investment, Buckthorn and OEP said they aim to "improve Acteon’s standing with suppliers and customers and enable it to compete even more strongly in its core markets." The investors’ said... Continue Reading →

With number of agreements signed, PGS to stay busy in period ahead

(OET) Norwegian seismic company PGS has signed an agreement with Shell for its cloud-based digital asset management solution designed specifically for seismic data, which is set to enable the UK-headquartered energy giant to streamline access to seismic data and accelerate workflows. This Data OnDemand Agreement complements the MultiClient Library Access agreement the two companies established in 2022.... Continue Reading →

Norwegian firm EMGS gets $11.7M contract with Petrobras

(OET) Brazilian state-owned oil and gas giant Petrobras has awarded Norway’s Electromagnetic Geoservices (EMGS) with a contract worth approximately $11.7 million to deliver a multi-client survey offshore Brazil. The contract represents EMGS’ first acquisition project offshore Brazil in almost ten years. The fully pre-funded multi-client survey is expected to start in late March or early April.... Continue Reading →

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