Archives for April 2018

PESA WA Branch’s April Technical Talk

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The April monthly technical talk was held by PESA WA Branch with over 50 people attending, with special gratitude to our four sponsors: Spectrum (Platinum), CGG (Gold), Searcher Seismic (Gold) and DUG (Gold). WA Branch President, Helen Debenham, opened the meeting with the brief introduction of upcoming Branch events. Helen also announced new activities of our sponsors, including large projects of reprocessing 3D and 2D data in Otway Basin (Spectrum) and Gippsland Basin (CGG). Both...

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PESA QLD Branch kicks off their evening talks for 2018

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PESA Qld Branch was delighted to welcome Dr Nick Lee to present at their April technical meeting. Dr Lee is a petroleum geoscientist with a wealth of experience gained from working internationally and the exploration-production life cycle. He is currently the Subsurface manager at QGC, the Shell-operated venture, responsible for a multi-disciplinary team of geoscientists, engineers, petrophysicists and production technologists based in Brisbane. The talk focussed on the mega-CSG projects...

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Schlumberger profits surged in Q1

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Schlumberger has posted an increase in profit and revenues during the first quarter of 2018 compared to the same period last year. The company announced revenues of US$7.8 billion for the first quarter of 2018, a 14% increase compared to US$6.9 billion in the same period of 2017. In addition, net income attributable to Schlumberger was US$525 million in Q1 2018 compared to US$279 million in the year-before period, an increase of 88%. Inthe last quarter of 2017 Schlumberger recorded...

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Eni to spend US$1B a year on exploration

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Italian oil company Eni said it expects production to increase by 3.5% per year over the next four years and has plans to invest US$1.1 billion per year on exploration activities in its quest to discover two billion barrels of new resources. This was revealed by Eni CEO Claudio Descalzi in the company’s 2018-2021 Strategic Plan, which builds on the transformation started by the company back in 2014. Descalzi said over the past four years, in a very low price environment, Eni had...

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Searcher expands its Offshore Argentina Seismic and Well Database

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Searcher Seismic announced it has expanded the Offshore Argentina Seismic and Well Databasewhich is being carried out in anticipation of the 2018 Argentina Offshore Bidding Round 1. Since late 2016, Searcher Seismic has been collating, organising, reimaging, interpreting and evaluating a vast amount of offshore data from the Argentina continental shelf areas.  The original data required considerable adjustments, editing and QC enhancement, which allows the industry to easily utilise...

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Northern Territory lifts hydraulic fracking moratorium

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The Northern Territory government has lifted a near two-year moratorium on hydraulic fracturing in the Australian state, barely three weeks after a scientific report gave the technology the all clear and said it could be performed safely if regulated responsibly. Northern Territory Chief Minister, Michael Gunner, made the surprise announcement, saying that he had taken his cue from the recent review, led by Justice Rachel Pepper from the Land and Environmental Court of New South Wales,...

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PESA WA SHORT COURSE – The Practical Application of Sequence Stratigraphic Principles

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PESA WA was pleased to host Dr. Simon Sturrock on 12 -13 April as facilitator of a short course in The Practical Application of Sequence Stratigraphic Principles. Chevron Australia provided the Perth CBD classroom venue and student places were generously sponsored by Carnarvon Petroleum. The sessions were descriptive, interactive, and coloured with many anecdotes. Strong attendance by students and established professional of varying backgrounds made for informative and collaborative...

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New Zealand bans new oil and gas exploration permits

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New Zealand's ruling Labour Party has banned all new oil and gas exploration permits in the country. This was announced by New Zealand Prime Minister, Jacinda Ardern, who said that the changes would be phased in and that all existing permits would be honoured. The decision was welcomed by environmental activist group Greenpeace, which has campaigned for seven years to end offshore oil and gas exploration in the country – most recently with campaigns against the Amazon Warrior seismic...

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Australia’s pipe dream would be the third longest

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Former Western Australian premier Colin Barnett’s “pipe dream” of constructing a 2400km gas artery traversing from west to east Australia would, if realised, produce one of the longest pipelines on the planet.

But not the longest, according to GlobalData, which said recently that analysis of planned and announced trunk/transmission oil and gas pipelines in Europe, the Middle East and Africa, had revealed the Trans Saharan Gas project pipeline to be the biggest of them all with a...

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Abu Dhabi is open for bidding with six oil and gas blocks

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The Abu Dhabi National Oil Company (ADNOC) has released six oil and gas blocks for bidding as part of Abu Dhabi's first ever block competitive exploration and production bid round. In a media release ADNOC said the licensing strategy represents a major advance in how Abu Dhabi unlocks new opportunities and maximizes value from its hydrocarbon resources. “It is also consistent with ADNOC's approach to expanding its strategic partnerships across all areas of its business. The...

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