Magseis Fairfield has won a 4D Ocean Bottom Node (OBN) monitor survey in the Norwegian North Sea.
Magseis Fairfield has won a 4D Ocean Bottom Node (OBN) monitor survey in the Norwegian North Sea. The one-month survey using Magseis Fairfield’s MASS node technology will start in the third quarter of 2021.
The UK Oil and Gas Authority (OGA) has launched a virtual map gallery showcasing six of the OGA’s most popular and recent apps allowing users to explore a huge range of data. The apps are UKCS lease agreements, daily production data, exploration and appraisal wells, offshore activity, relinquishment requests and production dashboard.
PGS has come to a settlement with DUG Technology and Polarcus for alleged patent infringement. The company filed a lawsuit in Australia in 2018 against certain subsidiaries of DUG Technology and Polarcus alleging infringement of certain of its patents.The settlement terms include a cash payment by the DUG parties to PGS and the grant of a worldwide, royalty-free, non-exclusive licence by PGS to DUG and its subsidiaries of the marine seismic patents.
Getech has reported 2020 revenues of £3.6 million, down from £6.1 million in 2019. The order book at the end of 2020 was £2.7 million compared to £3.1 million in 2019. The company reported an EBTIDA loss of £0.5 million compared with a profit of £0.9 million in 2019. Net cash at 31 December 2020 was £1.4 million compared to £2.7 million at the end of 2019. In April 2021 Getech raised £6.25 million through a shares subscription. This will be used to grow and diversify Getech’s activities in the green hydrogen, carbon capture, geothermal and strategic minerals sectors
Kris Energy has announced it is going into liquidation having taken into consideration the significantly lower ultimate recovery and cashflow from the Apsara Mini Phase 1A development, resulting in the company’s restructuring exercise being no longer viable. The company submitted a winding-up petition to the Grand Court of the Cayman Islands on 4 June.
