Ghost Ships No More: Seismic Vessels Resume Oil and Gas Search as Prices Perk Up

By Florence Tan and Gavin Maguire SINGAPORE, July 5 (Reuters) - A growing fleet of ships is scanning oceans in search of new oil and gas fields as energy companies, now with more cash thanks to stronger crude prices, gradually resume spending on seismic services after a four-year downturn. A doubling in the area contracted for seismic work in the first quarter this year from … [Read more...]

Schlumberger’s Exit From Seismic Seen as a Problem for Oil Firms

OSLO, Feb 28 (Reuters) - The decision by Schlumberger , the world's largest oil services firm, to exit the offshore seismic segment was a "massive signal" to oil firms about future challenges, the CEO of seismic surveyor Shearwater Geoservices said on Wednesday: * "The exit of Schlumberger, which has been one of the biggest drivers of new (seismic) technology developments, … [Read more...]

Ramform Tethys Tows Record 50 Square Mile Streamer Spread

Subsea surveying company PGS has once again set the record for the world's largest seismic streamer spread tow covering a surface area of a whopping 50 square miles. The new record was set in June by the company's new flagship Ramform Tethys for a survey over the Aasta Hansteen area of the Norwegian North Sea. The tow also happened to be the maiden project for the new … [Read more...]

Polarcus Sets Record With Largest Man-Made Moving Object On Earth

Dubai-based Polarcus is in the process of acquiring an ultra-wide 3D marine seismic project offshore Myanmar, and is breaking acquisition performance records with the largest man-made moving object on earth. The company’s vessel, Polarcus Amani, is towing an in-sea configuration that measures 1.8km wide across the front ends. With each of the 10 streamers separated by 200m, … [Read more...]

Norway in Talks With Russia on Oilfield Survey Regulation

By Mikael Holter (Bloomberg) -- Norway is holding talks with Russia on rules for seismic studies of oil and gas fields on each side of their maritime border in the Arctic Barents Sea. Work on the regulation of seismic studies in the area, where Norway and Russia struck a deal in 2010 to end a decades- long border dispute, has been going on for years and is focusing on … [Read more...]