ION Geophysical

CGG:Sercel Completes the Acquisition of ION’s Software Business

Retrieved on: 
Monday, September 12, 2022

CGG announced today that Sercel, its Sensing & Monitoring division, has completed the acquisition of ION Geophysical Corporations (ION) software business.

Key Points: 
  • CGG announced today that Sercel, its Sensing & Monitoring division, has completed the acquisition of ION Geophysical Corporations (ION) software business.
  • Marlin: a software for managing simultaneous marine operations, used for marine seismic crews, as well as for various other offshore operations and harbors
    This acquisition enables Sercel to supplement its range of software and services, and opens further diversification opportunities in simultaneous marine operations, thanks to the Marlin software.
  • Emmanuelle Dubu, Sercel CEO said: We are delighted to bring IONs software technology and expertise onboard and welcome the teams to Sercel.
  • The software team also brings significant experience in designing, developing, supporting and selling software services and solutions, which Sercel can further leverage across its various other solution offerings.

EnerGeo Alliance Welcomes Faisal Diab and Shawn Rice to Global Team, Expanding Its Reach and Effectiveness

Retrieved on: 
Thursday, July 14, 2022

Houston, Texas, U.S., July 14, 2022 (GLOBE NEWSWIRE) -- The EnerGeo Alliance , the sole global trade alliance for the energy geoscience industry, providing solutions to revolutionize the energy evolution welcomes Faisal Diab as the new Director of Global Policy & Government Affairs and Shawn Rice as its new Director of Business Development & Strategy to its global team.

Key Points: 
  • Houston, Texas, U.S., July 14, 2022 (GLOBE NEWSWIRE) -- The EnerGeo Alliance , the sole global trade alliance for the energy geoscience industry, providing solutions to revolutionize the energy evolution welcomes Faisal Diab as the new Director of Global Policy & Government Affairs and Shawn Rice as its new Director of Business Development & Strategy to its global team.
  • Faisal Diab was previously a petroleum and natural gas management consultant with extensive experience in U.S. and international regulatory affairs.
  • Shawn Rice was the Director of Operations for ION Geophysical and brings more than a decade of energy geoscience operations experience to the Alliance.
  • Founded in 1971, the EnerGeo Alliance is a global trade association for the energy geoscience industry, the intersection where earth science and energy meet.

CGG:Sercel Selected as the Successful Bidder for the Acquisition of ION Software Business

Retrieved on: 
Monday, July 4, 2022

CGG announced today that Sercel, its Sensing & Monitoring division, was selected as the successful bidder for the acquisition of ION Geophysical Corporations (ION) software business.

Key Points: 
  • CGG announced today that Sercel, its Sensing & Monitoring division, was selected as the successful bidder for the acquisition of ION Geophysical Corporations (ION) software business.
  • Sercel intends to keep all employees associated with this business.
  • The acquisition is in connection with IONs recently announced U.S. chapter 11 bankruptcy process.
  • CGG ( www.cgg.com ) is a global technology and HPC leader that provides data, products, services and solutions in Earth science, data science, sensing and monitoring.

ION completes Mauritania 3D reprocessing program, providing a greater understanding of the MSGBC basin

Retrieved on: 
Thursday, June 23, 2022

The multi-client program was undertaken through an exclusive agreement with the Ministry of Petroleum, Energy and Mines in Mauritania.

Key Points: 
  • The multi-client program was undertaken through an exclusive agreement with the Ministry of Petroleum, Energy and Mines in Mauritania.
  • This basin is a key part of the frontier MSGBC basin in which several large-scale, offshore, gas fields have been discovered, with an estimated 63 trillion cubic feet (Tcf)* in place in Mauritania thus far.
  • The MSGBC basin has become one that matters in the global oil and gas landscape, even if it is still today a frontier area.
  • The Mauritania 3D reprocessing program was supported by the industry and almost triples the amount of 3D data that ION has delivered this year from approximately 10,000 km2 to 29,000 km2.

ION completes the Mid North Sea High Phases 2 and 2b programs, providing a greater understanding of the Zechstein play

Retrieved on: 
Tuesday, June 7, 2022

Eight wells including the play-opening Ossian-Darach well, were used for calibration and to improve the overall accuracy of the velocity model.

Key Points: 
  • Eight wells including the play-opening Ossian-Darach well, were used for calibration and to improve the overall accuracy of the velocity model.
  • In combination, IONs experience in the North Sea, application of its latest technologies and calibration with well data, have enabled it to deliver a modern, high resolution, seismic data set that more clearly maps, defines and de-risks the Zechstein play.
  • Combined with potential carbon capture opportunities, the Mid North Sea High area becomes very attractive for responsibly ensuring the UKs long term energy security.
  • In addition to the completion of the Mid North Sea High program, ION will be delivering final depth imaged data for its Mauritania and Picanha Phase 5 3D reprocessing programs later this summer.

ION’s Marlin SmartPort™ successfully fulfills role in helping monitor greenhouse gas (GHG) emissions in the D-LEMA project

Retrieved on: 
Thursday, May 26, 2022

HOUSTON, May 26, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (OTC:IOGPQ) announced today that its climate-smart, digital platform, Marlin SmartPort, has successfully fulfilled its role to help monitor greenhouse gas emissions in the Data-Led Emissions Management (D-LEMA) project.

Key Points: 
  • HOUSTON, May 26, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (OTC:IOGPQ) announced today that its climate-smart, digital platform, Marlin SmartPort, has successfully fulfilled its role to help monitor greenhouse gas emissions in the Data-Led Emissions Management (D-LEMA) project.
  • As part of the CMDC, the Department allocated more than 23 million to 55 projects supported by 208 organizations from across the UK.
  • The CMDC was announced as part of the UK Governments Ten Point Plan to position the UK at the forefront of clean maritime technologies and reduce emissions from the sector.
  • The study has successfully demonstrated that a digital solution such as Marlin SmartPort can be utilized to establish what activities and vessels are contributing to greenhouse gas emissions.

ION’s Gemini™ Enhanced Frequency Source technology awarded Wide Azimuth 3D acquisition contract in the Mediterranean Sea

Retrieved on: 
Monday, May 23, 2022

HOUSTON, May 23, 2022 (GLOBE NEWSWIRE) -- IONGeophysical Corporation (NYSE:IO) announced today that it has been awarded a contract for its Gemini Enhanced Frequency Source technology to be utilized in a proprietary, Wide Azimuth 3D acquisition in the Mediterranean Sea.

Key Points: 
  • HOUSTON, May 23, 2022 (GLOBE NEWSWIRE) -- IONGeophysical Corporation (NYSE:IO) announced today that it has been awarded a contract for its Gemini Enhanced Frequency Source technology to be utilized in a proprietary, Wide Azimuth 3D acquisition in the Mediterranean Sea.
  • The Wide Azimuth 3D acquisition will deploy Gemini 8,000 cubic inch sources in dual source configurations on both the primary and secondary streamer vessels over approximately 60 days.
  • Deploying Gemini as a replacement for conventional source technology is a testament to the reliability, environmental and broadband frequency benefits that it provides.
  • It also illustrates the industrys increasing demand for creative acquisition and technology solutions, such as Gemini, to solve complex imaging challenges.

ION receives notice of delisting proceedings from NYSE

Retrieved on: 
Wednesday, May 18, 2022

HOUSTON, May 18, 2022 (GLOBE NEWSWIRE) -- IONGeophysical Corporation (NYSE:IO) announced today that is has received a notice from the New York Stock Exchange (NYSE, the Exchange) that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of ION Geophysical Corporation (the Company) ticker symbol IO from the Exchange.

Key Points: 
  • HOUSTON, May 18, 2022 (GLOBE NEWSWIRE) -- IONGeophysical Corporation (NYSE:IO) announced today that is has received a notice from the New York Stock Exchange (NYSE, the Exchange) that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of ION Geophysical Corporation (the Company) ticker symbol IO from the Exchange.
  • Trading in the Company's common stock was suspended after market close on the NYSE on May 18, 2022.
  • The Company expects that the Company's common stock will be quoted on the OTC Expert MarketSM.
  • Leveraging innovative technologies, ION delivers powerful data-driven decision-making to offshore energy and maritime operations markets, enabling clients to optimize investments and results through access to our data, software, and distinctive analytics.

ION completes Colombia Caribe 2D reprocessing program providing enhanced regional understanding of the Caribbean offshore

Retrieved on: 
Tuesday, May 3, 2022

This multi-client reprocessing provides consistent parameterization of 18 surveys with vintages ranging from 1982 through 2014.

Key Points: 
  • This multi-client reprocessing provides consistent parameterization of 18 surveys with vintages ranging from 1982 through 2014.
  • In combination with PanamaSPAN and AntillesSPAN, the program provides basin-wide coverage of the Caribbean.
  • This is just one of many efforts made to improve the competitiveness and attractiveness of Colombia for offshore investment by E&P companies.
  • We are humbled to play a small role in helping assure the countrys long term energy security, said Chris Usher, President and CEO of ION.

ION Receives Non-compliance Notice from NYSE Regarding 10-K Filing Delinquency

Retrieved on: 
Friday, April 22, 2022

The filing delinquency is due to the Companys filing for voluntary Chapter 11 relief on April 12, 2022.

Key Points: 
  • The filing delinquency is due to the Companys filing for voluntary Chapter 11 relief on April 12, 2022.
  • The NYSE will monitor the status of the Companys late filing and related public disclosures for up to a six-month period from its due date.
  • If the NYSE determines that an additional six-month trading period is not appropriate, suspension and delisting procedures will commence.
  • The Company expressly disclaims any obligation to revise or update any forward-looking statements.