Business news for the week of 4 January 2010 News section front
Past news briefs
Seismic crew survey reports Stingray scoops IET innovation award
4 December 2009—Stingray Geophysical Limited was named winner of the Measurement in Action Innovation Award at the Institution of Engineering and Technology’s (IET) Innovation Awards 2009 dinner at Lord’s Cricket Ground in London on 25th November. The Stingray entry, entitled “Fosar—Fiber-optic permanent Reservoir monitoring for maximizing oil and gas reservoir yields,” was also a finalist in the emerging technologies and power/energy categories. Spanning 15 categories, the IET Innovation Awards attracted over 300 entries from around the world, representing a unique opportunity for innovators to be recognized and providing a showcase for the brightest ideas, highlighting the importance of innovation by celebrating its application across a range of engineering disciplines. Stingray’s entry describes how its FosarSeismic permanent reservoir monitoring (PRM) system uses multiplexing architecture to combine high-performance fiber-optic hydrophones and accelerometers into an electrically passive sensor network which, when deployed over a producing oilfield, allows seismic imaging of the reservoir. Fairfield Industries changes its name to FairfieldNodal
1 January 2010—Fairfield Industries officially changes its name to FairfieldNodal on 1 January to better reflect the company work across the full spectrum of nodal technology. FairfieldNodal designs and manufactures a suite of entirely cable-free nodal systems for virtually any terrain or marine depth. The small-footprint ZNodal systems can acquire crisp, clear data in dense urban areas or pristine wilderness, in shallow water or in deep ocean regions, quickly and without the risk associated with other, more cumbersome systems. New executive vice president sales/marketing and business development
5 January 2010—Electromagnetic Geoservices ASA (“EMGS”) has appointed Dag W. Reynolds as executive vice president sales/marketing and business development. He has 20 years experience in the oil and gas industry and was chief executive officer for the seismic company SeaBird Exploration from 2005 to 2007. Prior to this, he worked for Petroleum Geo-Services ASA for nine years. In 2007, he cofounded Spring Energy ASA, a Norwegian oil company, and has since worked as an independent consultant. TGS Begins the Justice Wide Azimuth Project
6 January 2010—Seismic acquisition has now been initiated on the Justice Wide Azimuth (WAZ) 3D project in the Gulf of Mexico. The Justice project is a northeast expansion of the existing and contiguous Freedom and Liberty WAZ projects. The survey adds more than 7800 km2 of WAZ coverage to the TGS portfolio and covers portions of the hydrocarbon rich areas of Mississippi Canyon, Viosca Knoll, and De Soto Canyon. Acquisition will continue throughout the first half of 2010 and upon completion of Justice, TGS will have more than 27,000 km2 of WAZ 3D in its data library. These wide azimuth projects provide the industry with modern seismic imaging covering the most productive oil producing area of the deepwater Gulf of Mexico. | 
