Offshore - Oil & Gas

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Pacific Drilling Latest Offshore Driller to Seek Reorganization

The ongoing restructuring of the offshore drilling sector is continuing with Pacific Drilling becoming the latest company in the sector to announce it would use the courts to complete a reorganization of its business. Analysts believe that the sector will continue to undergo fundamental changes.

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TGS Adds to Offshore Nigeria Data with New Coring Project

TGS, a leading provider of multi-client geoscience data for exploration and production companies, today announced the recommencement of the geochemical coring project offshore Nigeria. The initiative is part of an anomaly targeting program focusing on the previously completed analysis of multibeam and backscatter data. This survey is being conducted in conjunction with Nigerian joint venture partner TGS-PetroData.

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