Month: June 2017

Polarcus, in collaboration with Spectrum and DownUnder GeoSolutions, is acquiring a 7,200 km²RightBAND™ multi-client 3D seismic survey over the Vulcan Sub-basin, offshore north-west Australia. Historically, sub-optimal acquisition and processing strategies of the legacy data across the basin have not been able to address the geological and geophysical challenges, limiting understanding of existing proven plays and the evaluation of future upside. The broadband survey is being acquired by the Polarcus Naila using an XArray™ configuration of 10 x 112.5m x 8.1 km with a triple source and continuous recording.

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The Canadian Society of Exploration Geophysicists Recorder Magazine recently announced their annual awards. “Beyond the Microseismic Clouds: A Comprehensive Approach to Unconventional Gas Development” was awarded the prize for Best Technical Paper of 2016. The paper was written by ESG Co-Founder and CTO Dr. Ted Urbancic, ESG’s Manager of Advanced Analytics Dr. Adam Baig, Nexen Energy’s geophysicist Jason Hendrick, and consultant Eric Von Lunen.

The paper highlights unique geophysical approaches applied to shale resource development, details long-term investment strategy in microseismic technology, and new approaches to analyse and understand the observations allowing users to extract additional information from microseismic signals beyond event locations in relation to hydraulic fracturing.

A link to the full article can be found here

Landmark, a Halliburton business line, today announced a multi-million-dollar educational software grant to King Fahd University for Petroleum and Minerals (KFUPM), a leading public university in Saudi Arabia. The software grant is delivered through Landmark’s University Grants Program which contributes renewable software licenses to qualified academic institutions, worldwide. The King Fahd University grant term runs from December 2016 through December 2019. KFUPM students will have access to Landmark’s DecisionSpace enterprise platform, the industry’s only integrated E&P software suite, in addition to other programs across drilling and reservoir disciplines.

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The Annual General Meeting of Magseis ASA will be held on Thursday 22th June 2017 at 15:00 (CET), at the offices of Magseis at Dicks Vei 10b, 1366 Lysaker, Norway.

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The Geometrics P-Cable system was used to map the Rose Canyon/Newport-Inglewood fault in Southern California.

“A fault system that runs from San Diego to Los Angeles is capable of producing up to magnitude 7.3 earthquakes if the offshore segments rupture and a 7.4 if the southern onshore segment also ruptures, according to a new study led by Scripps Institution of Oceanography at the University of California San Diego.

The Newport-Inglewood and Rose Canyon faults had been considered separate systems but the study shows that they are actually one continuous fault system running from San Diego Bay to Seal Beach in Orange County, then on land through the Los Angeles basin.”

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Paradigm® will showcase the innovative technologies included in its Paradigm® 17 solution suite at the 79th European Association of Geoscientists & Engineers (EAGE) Annual Convention and Exhibition, in Paris, June 12-15. Paradigm 17 leverages a high-definition platform, advanced technologies, seamless integration, and the use of Machine Learning. Booth presentations will also feature collaborations with industry leaders, such as Galp Energia and Dassault Systèmes.

The rich multi-disciplinary program includes high-science solutions that help geoscientists successfully increase accuracy and productivity in their E&P work, to improve recovery and reduce exploitation cost and risk.

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Shares of Ion Geophysical Corp (NYSE:IO) traded down 1.12% during mid-day trading on Friday, hitting $4.40. 44,426 shares of the stock were exchanged. The stock’s market capitalization is $52.23 million. Ion Geophysical Corp has a 52 week low of $3.87 and a 52 week high of $8.40. The stock’s 50-day moving average is $4.39 and its 200-day moving average is $5.50.

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31 May 17:     12 option holders have today, exercised in total 105,375 stock options. All the options were exercised from the award in August 2012 secured by treasury shares at an exercise price of NOK 174.40 per share. Following the exercise, TGS holds 116,180 treasury shares.

The following primary insiders in TGS have on 31 May 2017 traded TGS shares related to their exercise of stock options:

Kristian Johansen, CEO, has exercised 27,000 stock options and sold 23,500 shares in TGS at an average price of NOK 178.64 per share. After this transaction, Kristian Johansen holds 14,500 shares in TGS.

Knut Agersborg, VP Operations, has exercised 11,000 stock options and sold the same number of shares in TGS at an average price of NOK 178.64 per share. After this transaction, Knut Agersborg holds 3,700 shares in TGS.