Spectrum has recently acquired seismic data covering all offshore basins included Brazil's upcoming licensing Round 11 and cover most of the Sector Block Areas that have been released by the ANP as the basis for the final block selection.

Geoscience and engineering solutions provider Global Geophysical Services Inc. (NYSE:GGS) has named Richard White as its new president and CEO.

Desire Petroleum (AIM: DES) continues interpretation of merged 3D seismic data acquired in 2010-2011 in the offshore North Falkland basin.

CGGVeritas (Paris: GA) (NYSE: CGV) has agreed to acquire Fugro’s Geoscience Division, with the exceptions of existing multi-client library and nodes, for €1.2 billion (US$1.55 billion).

Frontier Resources Oman Ltd., a wholly owned subsidiary of Frontier Resources International Plc, has signed an Exploration and Production Sharing Agreement (EPSA) with the Government of the Sultanate of Oman for a 100% interest in Block 38, the Mudayy Block.

Ikon Science Ltd., a global geoscience technology company, entered into an agreement with COPPE, part of the Technology Center of the Federal University of Rio de Janeiro, to conduct joint industry-funded research projects in the field of geoscience software and related subjects for oil companies operating in Brazil.

TGS-NOPEC Geophysical Co. said June 15 that it has acquired Calgary-based Arcis Seismic Solutions Corp.

In an all-cash transaction valued at about US$1 billion, funds advised by Apax Partners and JMI Equity said June 11 they have agreed to acquire Paradigm Ltd., an independent software vendor focused on the petroleum exploration and production sector.