SeaBird Exploration Plc said it has been notified that the end-client has canceled the two OBN surveys off West Africa due to the COVID-19 situation on April 6. The Eagle Explorer has mobilized and is ready for work, and the company expects to be made whole on the contract.
SeaBird is a global provider of marine acquisition for 2-D/3-D and 4-D seismic data, and associated products and services to the oil and gas industry.
Recommended Reading
US Energy Corp. Closes Divestiture of East Texas Assets
2025-01-07 - U.S. Energy Corp. said proceeds from the divestiture will be used to fund the company’s industrial gas project in Montana.
After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals
2025-01-29 - Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.
Ring Sells Non-Core Vertical Wells as it Closes in on Lime Rock
2025-03-06 - Ring Energy Inc. said it sold non-core vertical wells with high operating costs as it works to close an acquisition of Lime Rock Resources IV’s Central Basin Platform assets.
Westgate Energy Adds to Mannville Stack Assets in Canada
2025-03-11 - Westgate Energy Inc. is buying Mannville Stack-focused assets in Alberta for CA$7 million from an undisclosed private oil and gas company.
Sources: Citadel Buys Haynesville E&P Paloma Natural Gas for $1.2B
2025-03-13 - Hedge fund giant Citadel’s acquisition includes approximately 60 undeveloped Haynesville locations, sources told Hart Energy.