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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Bergen, 26 June 2025: – Shearwater Geoservices AS (“Shearwater”) has been awarded a 3D marine seismic acquisition contract by TotalEnergies in Sao Tome & Principe on the STP-02 Block. The two-month exploration survey off the coast of Western Africa will start early in the third quarter of 2025 using the SW Empress, one of the […]

Bergen, 20 June 2025 – Shearwater Geoservices AS (“Shearwater”) has been contracted by Equinor to perform a 4D towed streamer seismic survey over the Tyrihans field in Norway. It is the first project awarded under the 2021 Equinor frame agreement following a recent extension for an additional two years. The one-month Norwegian Sea survey commences […]

Bergen, 28 May 2025 – Shearwater Geoservices AS (“Shearwater”) today published its first quarter 2025 results. Revenue was USD 189.4 million compared to USD 123.4 million in the first quarter 2024. EBITDA was USD 58.1 million compared to USD 15.1 million in the first quarter 2024.  Key takeaways:  Strong operational performance in line with expectations  […]