Business News for the week of 5 August 2013

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Seismic crew survey reports

American Geophysical Union releases revised position statement on climate change

5 August 2013—The American Geophysical Union released a revised version of its position statement on climate change. Titled "Human-induced Climate Change Requires Urgent Action," the statement declares, "humanity is the major influence on the global climate change observed over the past 50 years" and that "rapid societal responses can significantly lessen negative outcomes." AGU develops position statements to provide scientific expertise on significant policy issues related to Earth and space science. These statements are limited to positions that are within the range of available geophysical data or norms of legitimate scientific debate.

AGU's position statements are renewed every four years. The climate change position statement was first adopted in December 2003. It was then revised and reaffirmed in December 2007 and again in February 2012.

 

PGS and Geology Without Limits have acquired a 2D scientific survey in the Russian Barents and Kara Seas

5 August 2013—Petroleum Geo-Services (PGS), within the framework of an international scientific program, has acquired 8840 km of 2D data in the Russian Barents Sea and Kara Sea. The 2D survey, conducted in partnership with Geology Without Limits, began in 2012, using the vessel Akademik Lazarev. This scientific research survey is part of a multiyear, long-offset, reflection seismic program. The scope of work included increasing knowledge of the regional geology, tying the sedimentary basins, exploring interesting geological structures, and identifying potential well locations in the Barents and Kara Sea area.

 

Geotrace Technologies teams with North African Geophysical Exploration Company to serve the Libyan market

6 August 2013—Geotrace Technologies and North African Geophysical Exploration Company announced a strategic alliance to provide high-quality data processing services to exploration and production companies in Libya. The venture will operate within NAGECO's headquarters in Tripoli.

 

High-temperature magnetic field probes for measurement while drilling

6 August 2013—The Mag610 and Mag611 from Bartington Instruments are three-axis magnetic field probes for measurement while drilling applications, able to operate to 175ºC and 215ºC. They are also suitable for any other applications that require high shock and temperature resistance. Packaged ambient temperature electronics and a PCB electronics schematic can be supplied. Low-noise versions are available, at levels of <30pTrms /√Hz at 1Hz over the full temperature range.