• 2019 September 18 10:12

    TGS announces strategic milestones to accelerate growth

    TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, announced achievement of five milestones accelerating the company’s growth strategy. The achievements include new technologies in key basins; strengthening position in the South Atlantic; further growth onshore; enhancing imaging and efficiencies; and expanding the value chain through data and analytics.

    New technologies in key basins: At the SEG conference in San Antonio, TGS will release preliminary imaging results for the Amendment Phase 1 FWI node survey in the U.S. Gulf of Mexico (GoM). This project, which was acquired in partnership with Schlumberger, is the largest deepwater node survey ever delivered in the GoM.  The survey was optimized to acquire a minimum of 40 km ultra-long offsets - another industry first for an area of this size.

    In Europe, TGS has seen good progress on the Utsira dense OBN survey which is now expected to complete in September. The survey is the first major multi-client OBN project in the region and is being carried out in cooperation with Axxis Geo Solutions.
    A strengthening position in the South Atlantic: TGS commences its latest survey in the MSGBC basin offshore North-West Africa. The Senegal ultra-deep offshore 3D survey covers over 4500 km2, with a modern broadband acquisition system. The project is undertaken in partnership with GeoPartners, using the BGP Prospector.
    This survey is adjacent to the Jaan 3D survey acquired in 2018-19. The new survey will illuminate plays in the ultra-deep to build upon the success the basin has experienced with SNE, FAN and Yakaar. The project has a 60-day acquisition timeline, with fast-track data available four months after acquisition and the full dataset by August 2020.
    Further growth onshore: TGS acquires Lasser, Inc. to fuel artificial intelligence with historical production data covering onshore US basins. Combined with existing TGS data, such as Analytics Ready LAS (ARLAS) and seismic data attributes, this will provide further insight on industry trends, such as parent-child wells interaction, and shed light on the potential and limitations in today’s unconventional basins.

    Enhanced imaging and efficiencies: TGS announces the same-day delivery of acquired seismic data by successfully utilizing Bluware TELEPORT™, a proprietary data compression technology enabling cost-effective transmission of seismic data via low bandwidth satellite links.

    Operating in remote offshore locations, the physical shipment of seismic data from vessels to onshore facilities is an operational bottleneck that increases health, safety and environment exposure and causes delays in data processing.

    During a recent test in Argentina, TGS was able to receive and process data to ultra-fast track pre-stack time migration (PSTM) products within 24 hours. The PSTM product allowed for basin definition and a re-orientation of the survey based on geological features observed. It also allowed for more in-depth acquisition quality control and an early identification of the velocity model and parameter selection for processing.
    Expansion of the value chain through data and analytics: TGS and Quantico Energy Solutions (Quantico) announce a technology collaboration to leverage their respective offerings in seismic data, AI-based well logs, and AI-based seismic inversion. The joint solution addresses the critical challenges in earth modeling workflows - specifically, insufficient seismic and log data, lengthy time until results, and difficulties mapping advanced geo-mechanical and petrophysical attributes.

    TGS will leverage its industry-leading data library of seismic and well log data in the key regions of oil and gas activity across the world. In addition, the collaboration will feature TGS’ ARLAS solution. By integrating Quantico’s QRes technology with TGS’ data library and ARLAS solution, oil companies will have turnkey access to the most comprehensive geoscience data and technologically advanced AI solutions to deliver maximum production with faster cycle times.
     

    Kristian Johansen, CEO, TGS said, “We are excited by the recent achievements to continue our growth. These strategic milestones further enhance TGS’ position as the leading provider of subsurface intelligence, providing our clients and the industry with the quality data they need to make the best possible decisions for their investments.”




2019 October 20

16:05 EDPR and Aker Solutions to develop 500MW floating wind farm in Ulsan, South Korea
15:25 Coast Guard updates port conditions in Gulf Coast region
14:47 Siemens Gamesa bags three new contracts for 359 MW in Chile
13:41 Fincantieri begins project for stretching three small cruise ships of Windstar
12:34 MSC introduces new Spanish rail service for reefer cargo
11:03 USCG, Mexican Navy search for overdue aircraft in Gulf of Mexico
10:12 DOE authorizes LNG exports from the Venture Global Plaquemines LNG Project

2019 October 19

16:12 Bibby Marine appoints Helen Samuels to lead the company into its next phase of development
14:58 Med Marine is building new concept ice class tugs for Svitzer
12:34 Sohar Port & Freezone inaugurate new Svitzer pilot boat duo
11:44 USCG offloads more than $92 million worth of cocaine in San Diego
10:49 Singapore company slapped with NOK 7 million fine in the Harrier case

2019 October 18

19:19 New port icebreaker named Ob delivered to FSUE Atomflot
18:54 Port Kolomna hosted ceremony of consecration for pusher tug named Sergey Kladko
18:31 RF Ministry of Transport to expand area banned for navigation near Crimea bridge
18:12 Northwest Seaport Alliance’s Clean Truck Program earns AAPA environmental award
17:57 NUTEP Container Terminal handled three millionth TEU since its operations started in 2004
17:38 Expert RA affirms its ‘ruA’ non-financial company credit rating on DeloPorts
17:13 Port of Virginia buys 25 new hybrid shuttle carriers
17:00 First grain shipment via Sabetta port expected in July 2020 – RF Ministry of Agriculture
16:46 Onezhsky Shipyard delivers buoy tender of Project 3265 named Ladozhsky
16:20 ERMA FIRST invests in METIS Cyberspace Technology
15:45 International organizations unite at IMO
15:14 "K" LINE, MOL, & NYK share data with ONE through the common data platform "IoS-OP"
14:49 Main engines loaded onto lead ship of PV22 project at Nevsky Shipyard
14:12 ESPO publishes European port sector’s Environmental Report 2019
13:53 Blagoveshchensk shipyard resumed construction of modernized seiners of Project 1338
13:32 Total launches its first LNG bunker vessel
13:12 SBM Offshore successful bidder for partner’s minority ownership in SBM Offshore operated FPSO companies
12:54 BIMCO submits proposals to IMO to enhance exchange and harmonization of data
12:31 MSC rules out Arctic exploration on environmental concerns
12:01 British Ports Association publishes new assessment of business environment ahead of annual conference in Belfast
11:30 Port of Antwerp volume up 1.1% in September 2019
11:05 DNV GL awards AiP certificates to HHI for three types of standard mid-sized FPSOs
10:37 RF Navy’s cruiser Marshal Ustinov completes business call to Cyprus
10:03 Hapag-Lloyd announces GRI from East Asia to East Coast South America
09:54 Bunker prices are flat at the port of Saint-Petersburg, Russia (graph)
09:36 Baltic Dry Index is down to 1,861 points
09:18 Brent Crude futures price is down 0.50% to $59.61, Light Sweet Crude – down 0.13% to $53.86
09:01 APM Terminals launches global customer alerts solution
08:42 MABUX: Bunker Market this morning, Oct 18
08:05 MOL introduces AR Navigation System at Maritime Conference in Dubai
07:52 The European shipping industry urges the EU to bolster maritime security in the Gulf of Guinea

2019 October 17

18:12 World's first emission-free push boat “Elektra” to have SCHOTTEL propulsion units
17:47 Five vessels call at the port of Brussels to show technological solutions to cut CO2 and air emissions
17:45 Nexans celebrates the next step in the construction of its Aurora cable installation vessel
17:43 Lotos shipyard delivers non-self-propelled cargo pontoon of Project GRPN
17:41 DFDS takes delivery of third Chinese-built RoRo
17:19 RroZero rolls out new 12m Site-Management boat for fish farming markets
16:14 North Sea Port offers online liner services
15:50 Ships detachment of RF Navy’s Pacific Fleet arrive on business call to Kingdom of Thailand
15:26 Maldives received maritime security training from IMO on the ISPS Code
15:02 Maritime policy for sustainable development was in focus of IMO national workshop in Chile
14:37 IMO workshop helps put maritime development in Africa’s mainstream
14:11 VT Halter Marine launches first US-flagged offshore LNG bunker ATB barge for Q-LNG
13:25 Bunker prices are flat at the Far East ports of Russia (graph)
13:01 Port of Oakland container volume up 3.1 percent in September 2019
12:41 Thordon to supply propeller shaft bearings for MSC Cruises' third Seaside class cruise ship
12:08 Oboronlogistics launched new shipping line linking ports of Novorossiysk, Tartus, Alexandria and Samsun
11:39 NIBULON MAX made her first cargo trip