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| Founded | 1930 |
|---|---|
| Headquarters | Dallas, Texas, U.S. |
| Website | www |
Geophysical Service Inc. (often abbreviated GSI) was a Texas-based company founded by John Clarence Karcher and Eugene McDermott in 1930, [1] for the purpose of using refraction and reflection seismology to explore for petroleum deposits.
On December 6, 1941, the company was purchased by Eugene McDermott, Cecil Howard Green, J. Erik Jonsson, and H.B. Peacock. During World War II, the company produced submarine detection devices. In 1951, the company was renamed Texas Instruments (TI) with GSI as a division. [2] GSI was later sold by TI, repurchased, and finally sold again to Halliburton in 1988. Halliburton also acquired GeoSource, a competing geophysical contractor (formerly Petty-Ray Geophysical), and attempted to merge the two companies. However, the rivalry between the two entities endured and the merged entity known as Halliburton Geophysical Services (HGS) was not profitable. After several years of losses, in 1994, Halliburton sold HGS to Western Atlas (formerly Western Geophysical until its merger with Dresser Atlas in 1987). Western Atlas was bought by Baker Hughes in 1998 and then merged into WesternGeco in 2000 through a joint venture with Schlumberger in which Schlumberger held the majority share (70%).
On July 3, 1981, MS Arctic Explorer, chartered to GSI to conduct seismic surveys off the Labrador coast for British Petroleum, sank off St. Anthony, Newfoundland, in the Strait of Belle Isle, resulting in the loss of 13 lives. [3]
In 1992, Davey Einarsson, a longtime executive of the original GSI, purchased the proprietary rights to GSI’s speculative data in the Canadian offshore, launching the new GSI in Calgary. Paul Einarsson is the COO and Chairman of weener Geophysical Service Incorporated. He joined the company in 1997.
GSI is the largest owner of marine seismic data in Canada, with its head office located in Calgary, Alberta.
In 2013, GSI was involved in several cases of litigation for damages over disclosure of its confidential seismic data. The court challenges included litigation with the Canada-Newfoundland Offshore Petroleum Board, the Canada-Nova Scotia Offshore Petroleum Board, and companies that had obtained GSI data from a third party or government.
Texas Instruments Incorporated (TI) is an American multinational semiconductor company headquartered in Dallas, Texas. It is one of the top 10 semiconductor companies worldwide based on sales volume. The company's focus is on developing analog chips and embedded processors, which account for more than 80% of its revenue. TI also produces TI digital light processing technology and education technology products including calculators, microcontrollers, and multi-core processors.
Schlumberger NV, doing business as SLB, also known as Schlumberger Limited, is an American oilfield services company. As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
Baker Hughes Company is an American energy company based in Houston, Texas. As one of the world's largest oil field services companies, it provides products and services for oil well drilling, formation evaluation, completion, production, reservoir consulting, and tubular running services. It operates in over 120 countries, with research and manufacturing facilities in Australia, Singapore, Malaysia, India, Dubai, Saudi Arabia, Italy, Germany, Norway, Oklahoma, Louisiana and Missouri. From 2017 to 2020, the company was majority owned by General Electric (GE); however, GE no longer owns an economic stake in the company. The company is incorporated in Delaware.
WesternGeco is a geophysical services company. It is headquartered in Schlumberger House on the property of London Gatwick Airport in Crawley, West Sussex.
Cecil Howard Green was a British-born American geophysicist, electrical engineer, and electronics manufacturing executive, who trained at the University of British Columbia and the Massachusetts Institute of Technology.
Western Geophysical was an international oil exploration company founded in California in 1933 by Henry Salvatori for the purpose of using reflection seismology to explore for petroleum.
Geco (Geophysical Company of Norway) was a European geophysical service company specializing in seismic surveys for petroleum exploration. Starting operating in the North Sea from 1972, the company expanded to operate in most marine areas open for explorations, until Geco was incorporated into Geco-Prakla, with Schlumberger Limited as the solely owner from 1993.
Eugene McDermott was an American engineer and geophysicist who co-founded Geophysical Service Incorporated (GSI) in 1930 and later its parent company Texas Instruments in 1951. One of his most widely acclaimed early patented inventions enabled oil exploration equipment that used reflection seismographs to map underground rock strata using sound wave technology, a method still widely used today in oil exploration. Other inventions ranged from geochemical applications to antisubmarine warfare, often focusing on the use of sonar.
China Oilfield Services (COSL) is an oilfield services company. It is a majority owned subsidiary of Chinese state owned company CNOOC Group. It also has a listed sister company in Hong Kong, CNOOC Limited.
MS Arctic Explorer was a ship which sank off St. Anthony, Newfoundland, in the Strait of Belle Isle, on 3 July 1981.
John Erik Jonsson was an American businessman who was co-founder and early president of Texas Instruments Incorporated. He became Mayor of Dallas, a major advocate of the creation of Dallas/Fort Worth International Airport, and a philanthropist in later years.
CGG SA (CGG) is a multinational geoscience technology services company that specializes on solving complex natural resource, environmental and infrastructure challenges.
ION Geophysical was a technology-focused company that provided advanced acquisition equipment, software, planning, and seismic processing services, as well as seismic data libraries to the global oil and gas industry. Here are the key details:
Patrick Eugene Haggerty was an American engineer and businessman. He was a co-founder and former president and chairman of Texas Instruments, Incorporated (TI). Under his leadership, the company grew from a small Texas oil exploration company into a global leader in the semiconductor industry. During his tenure, TI invested in transistors when their commercial value was still much in question, created the first silicon transistor, the first commercial transistor radio, the first integrated circuit, and helped develop and produce the first single chip microprocessor.
John Clarence Karcher was an American geophysicist and businessman. He invented and eventually commercialized the reflection seismograph, applying for patents in 1919. By the patenting, and development of reflection seismography, he created the means by which most of the world's oil reserves have been discovered. In 1930 he, Eugene McDermott, and Everette Lee DeGolyer founded Geophysical Service Incorporated, a pioneering provider of seismic exploration services to the petroleum industry that focused on reflection seismology.
Everette Lee DeGolyer, was a prominent oil company executive, petroleum exploration geophysicist and philanthropist in Dallas. He was known as "the founder of applied geophysics in the petroleum industry", as "the father of American geophysics," and was a legendary collector of rare and often early edition books primarily in the fields of Southwestern history, railroads, law, geology, science, and both English and American literature.
Fracking in Canada was first used in Alberta in 1953 to extract hydrocarbons from the giant Pembina oil field, the biggest conventional oil field in Alberta, which would have produced very little oil without fracturing. Since then, over 170,000 oil and gas wells have been fractured in Western Canada. Fracking is a process that stimulates natural gas or oil in wellbores to flow more easily by subjecting hydrocarbon reservoirs to pressure through the injection of fluids or gas at depth causing the rock to fracture or to widen existing cracks.
GSI Mariner is a Canadian research/survey ship. She was built and used originally by Geophysical Service Inc. (GSI) to record seismic data on the Mackenzie River delta and the Beaufort Sea in the Arctic Ocean. Later she was owned by other companies, including Halliburton Canada. She is currently beached on the banks of the Mackenzie south of Inuvik, near the beginning of the Tuktoyaktuk Winter Road.
The Canadian Arctic Rift System is a major North American geological structure extending from the Labrador Sea in the southeast through Davis Strait, Baffin Bay and the Arctic Archipelago in the northwest. It consists of a series of interconnected rifts that formed during the Paleozoic, Mesozoic and Cenozoic eras. Extensional stresses along the entire length of the rift system have resulted in a variety of tectonic features, including grabens, half-grabens, basins and faults.
