Shearwater GeoServices Recycles Western Trident as Part of its Fleet Renewal Strategy
Shearwater GeoServices Holding AS has completed the sale of the seismic vessel Western Trident for recycling as part of the company’s fleet renewal strategy. The vessel has been delivered in Turkey for recycling in accordance with EU regulations and the 2009 Hong Kong International Convention for the Safe and Environmentally …
Shearwater GeoServices Acquires Streamers and Renews Fleet
Shearwater GeoServices Holding AS (Shearwater) today announced two transactions to take over marine seismic acquisition assets previously owned by Polarcus, from Tiger Moth AS, a company affiliated with Woodstreet Inc. Shearwater has acquired streamers and related seismic equipment for a total cash consideration of USD 50 million. The company further …
CGG: Announces its 2020 Third Quarter Results
CGG, a world leader in Geoscience, announced today its 2020 third quarter unaudited results. Commenting on these results, Sophie Zurquiyah, CGG CEO, said: ““CGG markets stabilized in Q3 as large Independents and NOCs started to resume activity, mainly in their core areas. We are on track with the implementation of …
Shearwater Completes Strategic Vessel Transaction and Long-Term Marine Acquisition Service Agreement with CGG
Shearwater GeoServices Holding AS (Shearwater) has today completed the strategic vessel transaction with CGG, including the takeover of five high-end seismic vessels, and the five-year capacity agreement for marine seismic acquisition services between Shearwater and CGG became effective. Preparations for the joint creation of a new streamer technology company continues …
Shearwater and Equinor to Develop Next-Generation Marine Seismic Source Technology
Shearwater GeoServices Holding AS today announced a collaboration agreement with Equinor to develop next-generation marine seismic source technology for more efficient and environmentally friendly data collection. The development is supported by the Research Council of Norway. “This collaboration targets an untapped potential of seismic sources with the goal of delivering …
Shearwater GeoServices Brings 10th Vessel Into Active Operation as Marine Seismic Acquisition Market Gains Traction
Shearwater is pleased to announce that the company will have a total of 10 vessels in operation for the 2019 northern hemisphere summer season. This extensive fleet is brought into operation on the back of solid backlog and provides marine seismic acquisition services spanning towed and seabed activities in response …