Geology & Geophysics ///

ION lands ARGAS ocean-bottom nodal data processing and imaging contract

Full waveform inversion will be a key component in the workflow to achieve a high-resolution velocity model for depth imaging and seismic inversion for reservoir characterization.

Optimizing E&P using strategic criteria and new geophysical technologies

Eduardo Trinchero, Luis Vernengo, Pan American Energy LLC

Efficiently identifying potential hydrocarbon bearing formations is becoming more challenging. The use of updated technologies is essential to recognize new reserves and reduce development costs. Incorporating innovative analysis methods is increasing the probability of success.

CGG Geoscience delivers multi-year study to Kuwait Gulf Oil Company ahead of schedule

The co-located team worked together to integrate recently acquired and processed 3D seismic data covering the entire onshore PZ, with multiple geological, petrophysical and production data sets to deliver a robust portfolio of exploration prospects and leads as well as asset development infill opportunities for the existing fields.

GEOEnhanced Technologies completes electro-seismic demonstration on tribal lands

The company released details of the test indicating that a total of twelve test shots were performed at locations selected by the tribe and covering areas in both North and South Dakota.

TGS acquisitions, deepwater node firsts accelerate growth

Achievements include new technologies in key basins; strengthening position in the South Atlantic; further growth onshore; enhancing imaging and efficiencies; and expanding the value chain through data and analytics.

ION to get new trial in WesternGeco lost profits litigation

The United States District Court for the Southern District of Texas refused WesternGeco's request to reinstate a $100 million lost profits award against ION Geophysical, and instead ordered a new trial to determine what lost profits, if any, WesternGeco is entitled to from surveys performed by ION's customers outside of the United States.

CGG upgrades 2019 financial objectives on strong seismic data sales

CGG announced that its third quarter 2019 segment revenue is expected to be above $350 million, based on strong multi-client sales in the range of $160 million (including transfer fees) and steady demand for Geoscience technology and equipment.

TGS completes acquisition of Spectrum

Kristian Johansen, CEO of TGS, said “The acquisition fits well with our asset-light business model and provides significant momentum to deliver on our long-term strategy. Further, the combination of TGS and Spectrum has been well received by our clients who will benefit from our comprehensive data library, quality and service.”

Elsevier supports the American Association of Petroleum Geologists’ 2019 Imperial Barrel Award program

Elsevier, the global information analytics business specializing in science and health, will be one of five Diamond Sponsors of the 2019 Imperial Barrel Award (IBA), an annual prospective basin evaluation competition for geoscience graduate students worldwide, jointly managed by the American Association of Petroleum Geologists (AAPG) and the AAPG Foundation.

Weatherford completes sale of surface data logging business

Weatherford International plc has announced it has completed the sale of its surface data logging business to Excellence Logging for $50 million in total consideration.

CGG develops Center for Advanced Imaging for Petronas

CGG and Petronas Carigali Sdn Bhd (Petronas Carigali), a wholly-owned subsidiary of Petroliam Nasional Berhad (Petronas), have agreed on a collaboration to provide access to CGG’s latest technology and expertise in high-end seismic and multi-physics imaging, and reservoir characterization.

Houston symposium to explore AI, machine learning in upstream oil and gas

Houston -- The 2018 Oil and Gas Machine Learning Symposium will host data scientists, geoscientists, engineers, asset managers and exploration managers at a world-class event on September 27, 2018, at the Royal Sonesta in Houston, Texas.

Paradigm expands high-definition software suite

Paradigm released Paradigm 17 software suite, running on an expanded high-definition platform. This release aims at ensuring that investments in data acquisition result in added value to drilling, completion and production.

PGS wins bank support as billionaire Andresens boost investment

Petroleum Geo-Services won conditional agreement from banks for a longer credit line and new investment from the billionaire Andresen family, as the Norwegian oil-services provider contends with the crude slump.

PGS, TGS jointly acquire Dolphin Multi-Client library

PGS and TGS-NOPEC Geophysical Company have jointly agreed principal terms and conditions for the purchase of a majority of the Multi-Client library of Dolphin UK Ltd. PGS and TGS will make this purchase on a 50/50 basis.

Bell Geospace, Onyx Engineering awarded FTG contract by Petronas

Bell Geospace and Onyx Engineering have been awarded a contract by multinational E&P company Petronas.

What's new in exploration

William (Bill) Head, Contributing Editor

Leaving your comfort zone

Energy issues

William J. Pike, World Oil

The reality of alternative energy

What's new in exploration

William (Bill) Head, Contributing Editor

Exploration therapy: Admit who you are, and be prepared for stares

PGS, EMGS settle patent disputes

Electromagnetic Geoservices (EMGS) and Petroleum Geo-Services (PGS) have entered into a Settlement Agreement to settle the two companies' patent disputes.