For much of the past decade, expectations of a marine seismic recovery have repeatedly run ahead of reality. This time, the underlying conditions look genuinely more credible. Exploration is returning to the agenda, reserve replacement is again a visible concern, as is energy security, budgets are improving, frontier basins are reopening, and acreage awards are […]

Bergen, 2 June 2026: Today a Written Resolution was resolved pursuant to the notice of a Written Resolution dated 19 May 2026 (the “Notice”). More than 1/3 of the Voting Bonds voted against the Proposed Resolution (as defined in the Notice). The Proposed Resolution is therefore not approved. Following the outcome of the Written Resolution, Shearwater […]

Bergen, 29 May 2026 – Shearwater Geoservices AS (“Shearwater” or the “Company”) today published the first quarter 2026 results. Revenue in the quarter was USD 120.6 million compared to USD 189.4 million in the first quarter of 2025. EBITDA was USD 35.7 million, a decrease from the year-ago period (USD 58.1 million) due to lower […]

Bergen, 27 May 2026 –Shearwater Geoservices AS will publish its first quarter 2026 results on 29 May 2026. 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 14:00 CET. You can follow the presentation via webcast with supporting slides, […]

Bergen, 27 May 2026. Shearwater Geoservices AS (“Shearwater”) has successfully completed a 3D marine seismic survey on behalf of TotalEnergies EP Nigeria Limited and Matrix Energy on blocks OML 100 and OPL 2010, offshore Nigeria which was executed in partnership with Harvex Geosolutions. The two-month survey acquired high-quality 3D data using a towed-streamer configuration with an […]

Bergen, 19 May 2026: Shearwater Geoservices AS (“Shearwater”, the “Company” and together with its subsidiaries, the “Group”), has today instructed Nordic Trustee AS to summon a written resolution (the “Written Resolution”) for the Company’s senior secured bonds maturing 3 April 2029 with ISIN NO0013182766 (the “Bonds”). The purpose of the Written Resolution is to propose […]

Bergen, 19 May 2026: Shearwater Geoservices AS (“Shearwater”) has been awarded an ocean bottom node (OBN) seismic acquisition project for the Jackdaw field in the UK sector of the North Sea by Adura Operations Limited (“Adura”). The two-month survey will deliver high-resolution OBN data to support reservoir understanding across the Jackdaw field. The project scope […]

Meet us atEAGE 2026 We’re heading to EAGE 2026 in Aberdeen to explore how data-driven geoscience fuels the energy transition. Join the conversation at booth 133 GLOBAL UPSTREAMLEADERS PANEL Shearwater’s CEO, Irene Waage Basili, will take the stage at the EAGE 2026 Global Upstream Leaders Panel in Aberdeen. Together with fellow industry leaders, she will […]

ELEMENTIIMAGING THE REAL WORLD NO SHORTCUTS. NO APPROXIMATIONS Conventional full-waveform inversion has long relied on finite difference methods. They work. But they come with real limits: complex geometries, material heterogeneities and intricate boundaries are where they struggle. Elementi uses the spectral element method to model the subsurface as it truly is. The result is accurate […]

NIGERIAOGANIHU UNLOCKING NIGERIA’S NEXT ENERGY ERA Nigeria is actively unlocking oil and gas exploration through the Petroleum Industry Act (PIA) of 2021, with the launch of a landmark 2025 licensing round offering 50 new blocks. This aligns with Nigeria’s ambitions to hit a production target of 2mmbopd by 2027 and 3mmbopd by 2030. As Africa’s […]