BP has cancelled a planned controlled source electromagnetic (CSEM) survey off Mauritania and Senegal, that was due to be carried out by Electromagnetic Geoservices (EMGS).
Confidence continues to return for offshore work, with offshore seismic companies reporting improved performance from contract work, while multi-client continues to lag.
Petroleum Geo-Services (PGS) and Electromagnetic Geoservices (EMGS) has reached a settlement agreement over a number of patent disagreements,
EMGS (Electromagnetic Geoservices) has sold more than 11million shares in North Energy.
Seismic player EMGS has won a $1.5million deal with a company to carry out work in the Gulf of Mexico. The deal, with the unnamed firm, will see data from EMGS' multi-clinet library used at the Daybreak Project in the west of the Gulf.
EMGS said it will be implementing further reductions in a bid to streamline its costs. The company revealed last month it had reduced its headcount by 20% as well as reducing its fleet down to three vessels. EMGS said it already identified and implemented “comprehensive” cost reductions on terms and conditions for sub-contractors and in its staffing levels.
Electromagnetic Geoservices (EMGS) has signed a multi-client acquisition agreement with the Directorate General of Hydrocarbons (DGH) in India. The agreement grants EMGS a two year permit to acquire 3D EM data within a 325,000 square km area off the west coast of India. It will cross eight different tectonic provinces from Kutch-Saurashtra in the North to Ratnagiri in the South.
ElectroMagnetic GeoServices (EMGS) has signed two new licensing agreements with two oil companies in the Barents Sea worth $1.6million. The contracts come as the company revealed a loss of revenue in its second quarter earnings.
Electromagnetic Geoservices (EMGS) said it has reduced its headcount by 20% as well as reducing its fleet down to three vessels as it looks to make cost savings. The company said its revenues were down to $12.1million from $42.5million the same time a year earlier. Contract sales ended at $4.8million while sales from the multi-client library ended at $7.3million.
Norwegian offshore survey vessel operator Electromagnetic Geoservices (EMGS) has been awarded a contract from an oil company in Malaysia worth $4.2million. The company said the deal is with a repeat customer and is for a two-year period with an additional option for a second phase survey in 2016.
EMGS (Electrogmagnetic Geoservices)has been given approval to acquire more than 80,000sq km of 3D electromagnetic data in Mexico. Regulator CNH (Comisión Nacional de Hidrocarburos) gave the nod for the deal, which will last over a five year period. The work will be conducted in the Salina de Itsmo basin which is thought to have attractive reservoir opportunities.
Electromagnetic Geoservices ASA (EMGS) has entered into two new contracts with two oil companies to provide data from their library in the Barents Sea. The two new licensing agreements will provide 3D electromagnetic data from EMGS's multi-client data library in the Barents see, and together the agreements are worth an estimated $4 millio
EMGS (Electromagnetic Geoservices) has been requested by the NPD (Norwegian Petroleum Directorate) to provide all of its CSEM inversion data acquired in the country’s waters from 2008 to 2014. The NPD has also requested all CSEM data acquired in the Tiddly and Nordkapp basins in 2015 with reference to the petroleum regulation of June 2001. A spokesman said the NPD would treat all data as confidential from when it was inverted by EMGS.
EMGS (Electromagnetic Geoservices) has struck a licensing agreement worth $1.8million in Foz do Amazona in Brazil. The company will assist an international oil company in the provision of 3D EM data. It will be delivered in December 2014 and EMGS will book the sales in the fourth quarter of 2014.