Electromagnetic Geoservices ASA (emgs) Company News

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EMGS to Mobilize Ship for New GOM Survey
Thursday, December 03, 2020Electromagnetic Geoservices (EMGS) has received a letter of award for a 3D CSEM and MT multi-client survey in the Gulf of Mexico.

EMGS Secures Contract Extension With Malaysian Oil Company
Thursday, November 17, 2016Electromagnetic Geoservices ASA (EMGS) enters into a contract extension agreement with an unnamed oil company in Malaysia.

EMGS Confirms Further Staff Cuts
Monday, October 17, 2016Norway's oil and gas survey technology firm Electromagnetic Geoservices ASA (EMGS) will be reducing its staff as soon as possible, the company's chief financial officer told Rigzone.

EMGS Confirms Staff Cuts
Thursday, April 14, 2016Norway's oil and gas survey technology firm Electromagnetic Geoservices ASA confirms that it will be laying off staff as a result of the lower oil price environment.

Norwegian Oil, Gas Survey Firms Report Declining Revenues
Thursday, January 07, 2016EMGS and TGS report declining revenues in the face of a continued low oil price environment.

EMGS Inks $7M Deal Extension for 3D EM Data Acquisition Off East Malaysia
Thursday, October 22, 2015EMGS inks a contract extension, worth $7 million, with an oil company for 3D electromagnetic data acquisition offshore East Malaysia.

Thursday, January 08, 2015Norwegian survey technology firm Electromagnetic Geoservices appoints Bjarte Bruheim as its new CEO.

EMGS, TGS Collaborate on Barents Sea 3D Seismic Project
Wednesday, June 19, 2013Survey firms EMGS and TGS are investing in a 3D electromagnetic multi-client survey program covering 11 blocks in the Hoop area of the Barents Sea.

EMGS Scores Barents Sea Survey for Statoil
Monday, June 27, 2011Electromagnetic Geoservices has signed a contract with Statoil to acquire high-resolution, full-azimuth 3D electromagnetic data for continued research purposes in the Barents Sea.

EMGS Lands Shell Work
Friday, November 12, 2010Shell hires BOA Galatea for Philippines seismic work.

EMGS Awarded Largest Marine 3D EM Contract
Monday, June 21, 2010Electromagnetic Geoservices ASA (EMGS) has been awarded a multi-year contract worth a minimum of $150 million.

EMGS Clinches Pre-Funding for Barents Sea Survey
Tuesday, April 20, 2010EMGS has secured pre-funding from Statoil to start an extensive multi-client 3D EM survey in the Barents Sea, ahead of Norway's 21st exploration licensing round.

EMGS Wins Survey Contract Offshore West Africa
Monday, March 08, 2010EMGS received a Letter of Award from an oil and gas company to provide 3D EM data acquisition services offshore West Africa.

EMGS Launches Major 3D EM Campaign Offshore Norway
Thursday, February 11, 2010Electromagnetic Geoservices has launched a major multi-client 3D EM campaign ahead of the 21st licensing round in Norway.

EMGS Taps Reynolds To Oversee Sales/Marketing
Tuesday, January 05, 2010Electromagnetic Geoservices ASA ("EMGS") announced Tuesday that Dag W. Reynolds has been appointed Executive Vice President Sales/Marketing and Business Development.

EMGS Lands 3D Survey Gig Offshore Greenland
Wednesday, August 12, 2009EMGS has secured a contract to perform a 3D electromagnetic survey in the Disko West area offshore Greenland on behalf of Cairn Energy.

EMGS Launches 2nd Purpose-Built 3D EM Vessel
Monday, July 20, 2009EMGS has launched its second purpose-built EM survey vessel in order to enhance hydrocarbon exploration across the world.

EMGS Scoops Up 3D Acquisition Contract Offshore Newfoundland
Friday, May 15, 2009EMGS was awarded a contract by a major exploration and production operator to provide 3D electromagnetic data acquisition services offshore Newfoundland, Canada.

EMGS Sees Greater Multi-Client Activity in Barents Sea for Q2 '09
Monday, May 04, 2009EMGS expects to see its revenues increase in excess of $10 million from the award of new production licenses to its customers following Norway's 20th Licensing Round.

EMGS, Fugro Ink Global Cooperation Agreement through 2011
Friday, April 24, 2009EMGS has entered into a global cooperation agreement with Fugro in which Fugro will gain full access to EMGS's marine EM methods for hydrocarbon exploration and production, and EMGS will gain access to Fugro's network and expertise.

EMGS Secures 3D EM Multi-Client Contract in Eastern GOM
Monday, April 20, 2009EMGS signed a multi-client data-licensing contract with a major international E&P operator for Clearplay 3D electromagnetic data from the eastern Gulf of Mexico.

EMGS Snags Contracts for EM Surveys in the Norweigan Sea
Monday, April 06, 2009EMGS was awarded contracts by two exploration and production companies to conduct EM surveys in the Norwegian Sea.

EMGS Inks Global Frame Agreement with Shell for Electromagnetic Services
Monday, March 30, 2009EMGS signed a global frame agreement with Shell for the provision of electromagnetic services for the next year.

OHM Welcomes UK High Court's Decision in Schlumberger-EMGS Patent Case
Tuesday, January 20, 2009OHM has noted the UK High Court's decision to revoke three key patents on Controlled Source ElectroMagnetic surveying granted by the European and UK Patent Offices to emgs of Norway.

EMGS Unveils World's First Purpose-Built EM Survey Vessel
Thursday, December 18, 2008EMGS launched the world's first purpose-built EM survey vessel December 15, 2008 to enhance hydrocarbon exploration across the world.

EMGS Snags Seismic Contract to Rank Prospects Offshore Malaysia
Tuesday, December 16, 2008EMGS has been awarded a contract worth about $7.5 million to use its Clearplay Test service to rank several hydrocarbon prospects offshore Malaysia.

EMGS Trims Vessel Fleet, Plans for December Delivery
Friday, October 24, 2008EMGS has reduced its vessel fleet and plans to deliver the first high capacity, purpose-built vessel BOA Thalassa in December.

EMGS Lands Exploration Survey Contract for GOM
Wednesday, October 22, 2008Electromagnetic Geoservices has been awarded a contract with the independent prospect generation company to license multi-client EM data for exploration purposes in the Gulf of Mexico.

EMGS Snags $10MM Electromagnetic Survey Contract
Thursday, August 28, 2008Electromagnetic Geoservices was awarded a contract with a new customer to perform its Clearplay Evaluate service to appraise a hydrocarbon prospect and has also won several smaller contracts worth $10 million for work in the Barents Sea.

EMGS Completes World's Largest EM Survey in Barents Sea
Friday, August 15, 2008Electromagnetic Geoservices completed the world's largest multi-client electromagnetic survey in the Barents Sea, ahead of Norway's 20th exploration licensing round.

EMGS Lands Major Shallow Water Contract in Malaysia
Tuesday, August 12, 2008EMGS was awarded a contract worth more than USD$5 million by a repeat customer in Malaysia to utilize a new technology to survey water depths of approximately 60 meters.

EGS Recieves Additional Funding
Monday, June 23, 2008Electromagnetic Geoservices announced that it has received additional industry pre-funding for its extensive multi-client electromagnetic scanning survey in the Barents Sea.

EMGS Receives Industry Pre-Funding for Large Survey in Barents Sea
Thursday, May 08, 2008At more than 3000 km2, the survey represents a significant milestone in the adoption of EMGS's proprietary EM scanning technology. The program will be expanded subject to additional commitments.

EMGS Awarded $10 Million Scanning Contract in Ghana
Thursday, February 14, 2008EMGS has been awarded a contract by Hess Corporation to provide Scanning and further delineations services to aid in the assessment of the hydrocarbon potential in Hess acreage offshore Ghana.

EMGS Snags Extension Offshore Libya
Friday, February 08, 2008EMGS has been awarded a contract extension worth more than U.S. $7 million by a super major in Libya. The work is to determine the hydrocarbon content of potential reservoir structures offshore Libya using advanced EM imaging technology.

World First: EMGS to Perform Multiclient Scan in India
Thursday, January 24, 2008EMGS will perform an extensive EM scanning survey to search for commercial hydrocarbon deposits in the Krishna-Godavari basin, ahead of India's 7th New Exploration Licensing Policy round.

EMGS Sells Shares
Friday, December 28, 2007Electromagnetic Geoservices ASA has disposed of 584,000 of its own shares, corresponding to 0.79% of total shares outstanding.

EMGS Revenues Grow 28% for Q3 2007
Wednesday, November 28, 2007Revenues for the seabed logging technology company increased to U.S. $48.4 million for the third quarter.

RXT and EMGS Jointly Acquire KMS Technologies
Thursday, November 15, 2007RXT and EMGS have agreed to each acquire 50% of the EM technology company, KMS Technologies.

ODIM Awarded Contract Worth NOK 40 Million
Wednesday, October 24, 2007ODIM has been awarded a contract worth NOK 40 million by EMGS for deliveries of automated handling systems for Seabed Logging.

EMGS Secures US$6 Million Contract from Super Major
Friday, October 19, 2007Electromagnetic Geoservices ASA (EMGS) has secured another contract with one of the world's leading energy companies to determine the hydrocarbon content of potential reservoir structures offshore Libya using seabed-logging technology.

EMGS Appoints Bekker as COO
Friday, October 05, 2007EMGS has appointed Mr. Roar Bekker as the new Chief Operating Officer.

EMGS Awarded $10 Million Seabed Logging Contract
Monday, July 09, 2007EMGS has been awarded a contract by a major energy company to determine the hydrocarbon content of potential reservoirs offshore eastern Canada.

emgs Makes R&D Deal with Statoil
Tuesday, June 05, 2007Electromagnetic Geoservices ASA (emgs) and Statoil have entered into a research and development agreement to develop new and improved software and methods for the analysis of electromagnetic data from seabed logging.

emgs Reports 'Eventful' Q1
Friday, May 25, 2007Electromagnetic Geoservices ASA (emgs) said that it experienced an eventful first quarter in 2007.

emgs Wins Award for Seabed Logging
Tuesday, May 22, 2007The founders of emgs, Terje Eidesmo and Svein Ellingsrud, will receive Society of Exploration Geophysicists' Virgil Kauffman Gold Medal.

emgs Secures Growth Plan with Additional Charters
Monday, May 21, 2007Electromagnetic Geoservices ASA (emgs) has entered into an agreement to charter the platform supply vessel "Siem Mollie" for three years.

emgs Orders Back Deck Systems from Odim
Thursday, April 26, 2007emgs has ordered two complete back deck systems from ODIM for the amount of NOK 32 million. The equipment will be delivered no later than December 1, 2008.

emgs Garners Offshore India SBL Contract
Monday, April 16, 2007An independent oil company has awarded ElectroMagnetic GeoServices ASA (emgs) a contract for a seabed logging (SBL) project offshore India commencing in late May 2007.

Aker Exploration Hires emgs for NCS Survey Work
Friday, March 30, 2007Aker Exploration has entered into a contract with Electromagnetic Geoservices (emgs) for Norwegian Continental Shelf survey work.