Bergen, 29 August 2025 – Shearwater Geoservices AS (“Shearwater”) today published its second quarter 2025 results. Revenue was USD 133.8 million compared to USD 214.2 million in the second quarter 2024. EBITDA was USD 11.9 million compared to USD 80.1 million in the second quarter 2024. Key takeaways: Lower activity impacted financial performance, as expected […]

Bergen, 27 August 2025 – Shearwater Geoservices AS (“Shearwater”) has been awarded a deepwater Ocean Bottom Node (OBN) seismic survey in Ghana’s Jubilee and TEN fields, operated by Tullow and its partners. It will be the first deepwater OBN project offshore Ghana, following Shearwater’s successful recent deployment of the SW Tasman vessel and Pearl node OBN […]

Bergen, 26 August 2025 – Shearwater Geoservices AS will publish its second quarter 2025 results on 29 August 2025.Irene Waage Basili, CEO, and Andreas Hveding Aubert, CFO, will on the same day host a webcast and a conference call followed by Q&A at 15:00 CEST. Webcast:You can follow the presentation via webcast with supporting slides, […]

Bergen, 26 August 2025 – Shearwater Geoservices AS (“Shearwater”) announces the award of a deepwater Ocean Bottom Node (OBN) seismic survey offshore Angola by ExxonMobil’s affiliate Esso Exploration Angola Block 15 Limited. The two-month project is scheduled to commence during Q3’25. The project will be delivered using Shearwater’s proven OBN platform, featuring the SW Tasman […]

We’re announcing a significant milestone in our multi-year collaboration with NVIDIA, delivering breakthrough progress in applying Generative AI (GenAI) to Uncertainty Quantification (UQ) for seismic processing and imaging. This paves the way for our processing software Reveal where users can access advanced NVIDIA-accelerated tools for quantifying seismic-related uncertainty and strengthening risk assessment in exploration, production […]

Shearwater is making fast strides in Brazil’s Foz do Amazonas Basin, sharpening regional understanding through a focused subsurface collaboration with Eliis. Building on our recently completed, industry-backed reprocessing project—delivering over 7,000 sqkm of high-quality reprocessed data—this next phase brings in cutting-edge interpretation workflows using Eliis’ PaleoScan™ software, providing a highly detailed and connected view of […]

Meet us atIMAGE 2025 We’re heading to Image 2025 in Houston to explore how data-driven geoscience fuels the energy transition. Join the conversation DAILY IN-BOOTHTALKS Lorenzo Casasanta and Sindre Bull-Jansen will be running daily presentations at our booth. Beyond Finite-Difference: High-Fidelity Imaging with Elementi FWI.26. August – 10:0027. August – 15:00 Data that Drives Discovery: […]

Abstract The Pelotas Basin in Southeast Brazil is rapidly emerging as one of the world’s most promising regions for hydrocarbon exploration. This paper examines the impact of the recent exploration successes in its geological conjugate, the Namibian Orange Basin, where multibillion-barrel discoveries have been made over the past four years. The success in the Orange […]

With reference to the first quarter report on 28 May 2025. Bergen, 02 July 2025 – Shearwater Geoservices AS (“Shearwater”) has implemented measures to increase balance sheet resilience in response to the combination of short-term low activity levels and working-capital intensive projects during the second and into the third quarter of 2025, as mentioned in […]

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