WesternGeco

TRILLION ENERGY COMMENCES SASB 3D SEISMIC REPROCESSING PROJECT

Retrieved on: 
Tuesday, January 31, 2023
Algorithm, Anomaly, WesternGeco, Geology, 3D, CSE, Oil, Asphalt, Cretaceous

Vancouver, B.C, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62).

Key Points: 
  • Vancouver, B.C, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62).
  • Trillion is pleased to announce the commencement of it’s 3D seismic reprocessing project for SASB.
  • The existing 3D seismic data covers 223 km2 and includes the SASB block.
  • This old 3D seismic shot by WesternGeco in 2004 is good quality and was processed in 2004 with pre-stack time migration (PSTM).

Teledyne Marine to Supply Eco-Friendly eSource Seismic Source to WesternGeco®

Retrieved on: 
Monday, April 13, 2020
Technology, Maritime, Engineering, Transport, Oil, Gas, Manufacturing, Energy, Mining, Minerals, Hardware, Natural Resources, Companies, Oil companies, Industries, Teledyne Technologies, WesternGeco, Schlumberger, Geco, Seismic source, Teledyne Marine Seismic, Teledyne Technologies

Teledyne Marine Seismic, a division of Teledyne Technologies and a leading provider of acquisition solutions to the offshore seismic market, has been awarded a contract to provide the eSource seismic source to WesternGeco, a Schlumberger company.

Key Points: 
  • Teledyne Marine Seismic, a division of Teledyne Technologies and a leading provider of acquisition solutions to the offshore seismic market, has been awarded a contract to provide the eSource seismic source to WesternGeco, a Schlumberger company.
  • WesternGeco will use the eSource technology as an integral part of its wide-azimuth (WAZ) survey, the first ever conducted in Brazil.
  • Teledyne Bolts eSource is the seismic industrys first bandwidth-controlled seismic source.
  • Teledyne Marine Seismic designs and manufactures instruments to address the needs of the offshore seismic market.

ION announces patent litigation settlement with WesternGeco

Retrieved on: 
Thursday, April 9, 2020
Companies, Industries, Joint ventures, Schlumberger, WesternGeco, ION Geophysical, Geco, Ion Television, Ion Media, Ion

HOUSTON, April 9, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced a settlement of the decade-long patent litigation with WesternGeco regarding lateral streamer positioning.

Key Points: 
  • HOUSTON, April 9, 2020 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced a settlement of the decade-long patent litigation with WesternGeco regarding lateral streamer positioning.
  • The parties signed an agreement where WesternGeco will permanently dismiss the pending lawsuit, grant ION a license to the patents and lift the injunction preventing ION from manufacturing DigiFIN in the United States.
  • In exchange, ION agreed to pay a settlement value to WesternGeco out of future revenues from the company's multi-client data library, comprising 1) a small percent of 2D multi-client late sales for a 10-year period and 2) transferring a majority of ION's revenue share to WesternGeco on the parties' existing joint multi-client reimaging product offshore Mexico.
  • The parties also agreed to expand the existing multi-client collaboration opportunities through new arrangements within specific geographies and product offerings.

Teledyne Marine to Supply Seismic Source Controllers to PGS

Retrieved on: 
Monday, November 18, 2019
Hardware, Natural Resources, Technology, Other Natural Resources, Software, Companies, States of the United States, Teledyne Technologies, Science and technology in the United States, Seismic source, TDY, WesternGeco, ION Geophysical

Teledyne Marine Seismic, a division of Teledyne Technologies Incorporated (NYSE:TDY) and a leading provider of acquisition solutions to the offshore seismic market, has been awarded a long-term contract to provide seismic source controllers to PGS ASA.

Key Points: 
  • Teledyne Marine Seismic, a division of Teledyne Technologies Incorporated (NYSE:TDY) and a leading provider of acquisition solutions to the offshore seismic market, has been awarded a long-term contract to provide seismic source controllers to PGS ASA.
  • The system is capable of synchronizing up to 192 sources and is the next generation in state-of-the-art digital marine seismic source control.
  • PGS ASA and its subsidiaries (PGS) is a focused marine geophysical company that provides a broad range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation.
  • Teledyne Marine Seismic designs and manufactures instruments to address the needs of the offshore seismic market.

Supreme Court reverses Federal Circuit Court's decision that foreign lost profits are categorically unavailable to WesternGeco L.L.C. in patent litigation; case remanded to Federal Circuit for consideration of other arguments

Retrieved on: 
Friday, June 22, 2018
Legal procedure, Supreme Court of the United States, WesternGeco, Jury, Law, Case law, Business

The Supreme Court reversed the Federal Circuit Court's 2015 decision that such profits were unavailable, but did not reinstate the $93 million jury verdict against ION that the Federal Circuit had overturned.

Key Points: 
  • The Supreme Court reversed the Federal Circuit Court's 2015 decision that such profits were unavailable, but did not reinstate the $93 million jury verdict against ION that the Federal Circuit had overturned.
  • Rather, the Supreme Court remanded the case back to the Federal Circuit for consideration of other arguments that could reduce or eliminate the damages.
  • "Under the jury instruction given in trial court, the jury could only award lost profits to WesternGeco if they found that ION and WesternGeco were direct competitors for the surveys that WesternGeco lost.
  • We preserved this argument, which the Supreme Court's opinion does not address, and now it will be decided by the Federal Circuit Court.

ION announces 2018 Investor Day

Retrieved on: 
Tuesday, May 1, 2018
Metaphysics, Economy, Business law, Communication, Forward-looking statement, SEC filings, Fact, Risk, Form 10-K, WesternGeco

These forward-looking statements may include information and other statements that are not of historical fact.

Key Points: 
  • These forward-looking statements may include information and other statements that are not of historical fact.
  • Actual results may vary materially from those described in these forward-looking statements.
  • All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties.
  • For additional information regarding these various risks and uncertainties, including the WesternGeco litigation, see our Form 10-K for the year ended December 31, 2017, filed on February 8, 2018.