Geology & Geophysics ///

ION to cut 25% of workforce in cost cutting initiative

ION Geophysical has announced an aggressive cost reduction initiative as part of an overall plan to align its operating expenses with business conditions and recent declines in the commodity price environment for crude oil and natural gas.

GeoPark in new oil field discovery in Colombia

GeoPark Ltd. has discovered a new oil field following the drilling of exploration well Jacana 1, located on the Llanos 34 Block in Colombia. GeoPark operates and has a 45% working interest in the block.

PGS names third Ramform vessel to be cold stacked

PGS has decided to cold-stack the Ramform Viking after she completes a multi-client project offshore East Newfoundland in late October, the company said Wednesday.

CGG completes Hail-Shuweihat survey for ADNOC

CGG, with the support of its Seabed Geosolutions joint venture with Fugro, has completed the acquisition of a 3D seismic survey over the Hail and Shuweihat oil and gas fields in the Emirate of Abu Dhabi, one of the world’s most environmentally sensitive areas.

ION Geophysical bags 2D seismic contract for Somalia Puntland offshore margin

Puntland Petroleum Minerals Agency (PPMA) has awarded ION Geophysical Corporation a contract to acquire 8,000 km of seismic data covering the entire Somalia Puntland offshore margin.

ION awarded TPDC contract for seismic survey

ION Geophysical and the Tanzanian Petroleum Development Corporation (TPDC) announced Tuesday that TPDC has awarded ION a contract to acquire 4,058 km of 2D seismic, gravity and magnetic data over offshore Blocks 4/1B and 4/1C in the Rovuma Delta region.

Polarcus wins broadband 3D project offshore Brazil

Polarcus has signed a contract with an undisclosed client for a non-exclusive broadband 3D marine seismic project offshore Brazil.

FEI, University of Wyoming partner for digital rock research

The University of Wyoming (UW) has announced that FEI, the scientific and technical instrument manufacturer, will provide state-of-the-art imaging equipment, software and support for cutting-edge digital rock research that will have far-reaching impacts for Wyoming’s oil and gas industry and its economy.

Israel gas explorer shares sink as Eni’s Egypt find dims outlook

Shares of the natural-gas exploring units of Delek Group Ltd. plunged the most in 14 years in high volume on concern the discovery of the Mediterranean’s largest field off the coast of Egypt will curtail their exports.

Pipeline anxiety spurs Alaska plea for Obama to open oil spigots

Alaska Governor Bill Walker has a message for President Barack Obama: Fill the Trans-Alaska Pipeline System while you still can.

GeoPark discovers new light oil field in Colombia

GeoPark Limited discovered a new oil field following the drilling of exploration well Chachalaca 1, located on the Llanos 34 Block in Colombia. GeoPark operates and has a 45% working interest in the block.

CGG completes delivery of Diskos database

CGG has announced today that its E&P data management solution for the seismic, well and production modules in the Diskos database, Norway’s National Data Repository, is now in production and accessible to all members of the Diskos group.

Shell spuds Portrush exploration well in Norwegian Sea

AS Norske Shell has started drilling Portrush exploration well 6407/10-5 in the Norwegian Sea, Faroe Petroleum, a junior partner in the license, announced Wednesday.

Pakistan Petroleum reports gas, condensate discovery in Gambat South

Pakistan Petroleum Limited, operator of the Gambat South Block with a 65% working interest, has announced another gas and condensate discovery at its Kabir X-1 exploration well in Sanghar District, Sindh, Pakistan.

TGS announces Gigante multibeam, coring and geochemical analysis project

TGS has received an authorization from Mexico's Comisión Nacional de Hidrocarburos (CNH) for the acquisition of multibeam, coring and geochemical analysis data over an area of approximately 600,000 sq km in Mexican waters.

Bjarte Bruheim steps down as EMGS' CEO

Bjarte Bruheim has stepped down from his role as the CEO of Electromagnetic Geoservices (EMGS) with immediate effect. He has held this position since Jan. 7.

Total abandons Danish shale gas well

French energy giant Total has been left disappointed by a shale exploration well in Denmark.

Lundin to drill two exploration wells

Lundin Norway has received consent for the drilling of two exploration wells, 6407/10-4 and 16/1-25S, in the Norwegian Sea and North Sea, respectively, from Petroleum Safety Authority Norway (PSA).

Arctic drilling isn’t worth the risk: Hillary Clinton

Democratic presidential candidate Hillary Clinton has spoken out against drilling in Arctic waters.

Companies kick off joint shale gas study in British Columbia

Japan Oil, Gas and Metals National Corporation and INPEX Corporation have started a joint study on technology relating to shale gas development in the Horn River, Liard and Cordova areas in the province of British Columbia, Canada, with INPEX Gas British Columbia and Nexen Energy ULC.