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Oil & Gas Seismic News

CGGVeritas to acquire Fugro Geosciences

Oct 18, 2012

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).

Apax-led group to acquire Paradigm for US$1 billion

Jun 11, 2012

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.

IHS acquires geophysical software provider SMT

Jul 27, 2011

Recognizing the ‘mission-critical’ component of geophysics to the upstream oil and gas industry, IHS Inc. has plans to acquire geophysical and geological interpretation software provider Seismic Micro-Technology Inc. (SMT), for $500 million.

Paradigm named winner in 2009 Edison Best New Product Awards

Apr 15, 2009
Paradigm, a provider of enterprise software solutions to the oil and gas industry, has won won bronze in the Energy & Sustainability category for the 2009 Edison Best New Product Awards™ for its seismic imaging and interpretation technology, Paradigm EarthStudy 360™.

SMT expands relationship with OpenSpirit

Apr 14, 2009

Seismic-Micro Technology (SMT) and OpenSpirit, two are expanding their relationship in hopes of providing clients the ability to more easily share data between geoscience applications.

SMT's KINGDOM software supports Windows Vista

Apr 14, 2009

KINGDOM software provided by SMT (Seismic Micro-Technology), a provider of Windows-based geoscientific interpretation software to the oil and gas industry, now supports customers on Microsoft's Windows Vista operating system.

SPECIAL REPORT: Economics of Reservoir Management - Modern seismic analysis reduces the cost of reservoir management

Apr 1, 2007 The job of reservoir management typically begins after a discovery well is drilled.

SPECIAL REPORT: Economics of Reservoir Management - Quantifying reservoir uncertainty

Apr 1, 2007 When it comes to making economic decisions around reservoir management, whether it be bid valuations, new field development and operational plans, production estimates, or divestments, there is one thing that today’s E&P operators can be certain about - that there will be a large element of uncertainty in their decisions.

The Value of Seismic Information

May 1, 2006 Advances in seismic technology and reservoir modeling have proven their worth time and time again in oil and gas exploration and in improving recovery from existing fields.

Modern Seism helps manage drilling risk

Dec 1, 2005 Seismic imagery, a tool used to characterize subsurface geology, has reduced drilling risk to a level once considered unimaginable.

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INTERNATIONAL UPSTREAM

Baker Hughes and Aker Solutions form subsea production alliance

Apr 22, 2014

Baker Hughes Inc. and Aker Solutions ASA have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates, and reduce costs for subsea fields.

Trendsetter promotes Downing to president

Apr 21, 2014

Trendsetter Engineering Inc. has promoted Ron Downing to the position of president.  Downing assumes this responsibility from Mario Lugo who remains chairman and CEO.

Shale participation on the rise

Apr 21, 2014

More than half of oilfield services companies and 40% of upstream companies expect shale oil and gas plays to provide the majority of their revenues in 2014, according to a global industry survey by UHY LLP Certified Public Accountants and Oil & Gas Financial Journal. This is an increase of about 15% from 2013 levels in the number of oilfield services and upstream companies for which shale is the source of a majority of revenues.

Shell reports Malaysia deepwater gas discovery

Apr 18, 2014

Shell has announced an exploration discovery offshore Malaysia. The successful Rosmari-1 well is located 135 kilometers offshore in Block SK318, and was drilled to a total depth of 2,123 meters.

NORTH AMERICA UPSTREAM

Global Partners signs pipeline connection agreement

Apr 24, 2014 Global Partners LP reports that Basin Transload LLC, its 60% owned subsidiary, has executed a pipeline connection agreement with Tesoro High Plains Pipeline Co. LLC, a subsidiary of Tesoro Logistic...

UMED Holdings receives US patent for mobile GTL technology

Mar 26, 2014 UMED Holdings Inc., through its wholly owned subsidiary Greenway Innovative Energy Inc., reports that the US Patent and Trademark Office has issued US Patent 8,574,501 covering the company’s mobile...

CGG and Baker Hughes sign RoqSCAN agreement

Mar 26, 2014

CGG has signed an exclusive agreement with Baker Hughes Inc. for CGG’s RoqSCAN technology as part of their shale science alliance.

Baker Hughes introduces extended-reach coiled tubing services

Mar 25, 2014 Baker Hughes has commercially released its EasyReach extended-reach coiled tubing (CT) service. The company developed the service in response to the growing number of long horizontal wells and the ...

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