Inland revenue

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EMGS expects revenue hike following Norwegian offshore block awards

first_imgNorwegian geophysical services company Electromagnetic Geoservices (EMGS) is expecting an uplift in revenues following the latest license awards offshore Norway.To remind, the Norwegian Ministry of Petroleum and Energy announced on Tuesday announced the award of 75 new production licenses in the North Sea, Norwegian Sea, and the Barents Sea to 34 companies as part of the Awards in Pre-defined Areas (APA 2017).Of the 75 production licenses, 45 are in the North Sea, 22 in the Norwegian Sea and 8 in the Barents Sea. Twenty-two of the production licenses are additional acreage for existing production licenses.Also, of the 39 companies that submitted applications, 34 will be offered ownership interests in at least one production license.EMGS said on Wednesday that, based on the offered awards, the company expects a net uplift in revenues of approximately $1 million from data-licensing agreements related to the company’s multi-client library.The company added that the uplift revenues, subject to the company’s customers’ formal approval of the awards offered by the MPE, would be recognized in the first quarter of 2018.Offshore Energy Today Stafflast_img read more

NBA trade rumors: Pelicans, Celtics ‘discussed extensively’ Jayson Tatum-for-Anthony Davis deal

first_imgThe Celtics can’t trade for Davis until this summer because both Davis and Irving signed under “The Rose Rule” after their rookie contracts. Davis requested a trade and made it clear through his agent, Rich Paul, that he will not sign an extension with New Orleans.The Pelicans were in talks with the Lakers for a potential deal, but Los Angeles reportedly pulled out of the conversation Tuesday. Lakers president of basketball operations Magic Johnson told Pelicans general manager Dell Demps on Tuesday morning that L.A. had made its best offer and isn’t willing to budge. In the Anthony Davis column, I’m told Jayson Tatum has definitely been discussed in Pelicans-Celtics talks. Both sides know that he’d be a major part of the discussion in June— Sam Amick (@sam_amick) February 6, 2019While there are a lot of moving parts and anything can happen before NBA’s 3 p.m. ET Thursday trade deadline, The Athletic noted securing Davis would help the Celtics’ odds to re-sign veteran Kyrie Irving. Per The Athletic: Related News Anthony Davis trade rumors: Lakers end talks with Pelicans over ‘outrageous’ demands “Get Davis this summer, and the Celtics would be very confident about Irving resisting those Knicks urges and re-signing in Boston. What’s more, there’s a strong sense in Celtics circles that securing Irving would be the key to convincing Davis to commit for the long term as well.”Additionally, the Boston Globe noted the Celtics have told the Pelicans no specific player will be off-limits in negotiations during the offseason. Boston reportedly is willing to offer an “explosive package when the time arrives.” The Celtics may have to part ways with 20-year-old small forward Jayson Tatum if they want to acquire Pelicans All-Star big man Anthony Davis. Tatum has been “discussed extensively by the two teams” as a potential centerpiece in a Pelicans package and he’s “expected to be a major part of the talks when June rolls around,” according to The Athletic, which cited unidentified sources. last_img read more