The COVID-19 pandemic had a significant impact on the oil and gas industry. However, the industry has been recovering since then, with oil prices gradually increasing and demand for energy returning to pre-pandemic levels.
Archives for February 2023
NOPSEMA Thumbs Up for Dorado Brings Carnarvon and Pavo into the Picture
The spotlight has shifted to Carnarvon after NOPSEMA had accepted Santos’ Offshore Project Proposal relating to the Dorado development.
Kinetiko Secures Licence Renewals in Energy Crisis Crippled South Africa
In the midst of the greatest energy crisis in South Africa’s history, Australian gas explorer Kinetiko Energy has been granted a renewal for a large area of approximately 3,135km2 to advance it’s conventional and coal bed methane opportunities in the country.
Beach Energy
Beach Energy has doubled its dividend in spite of a 3% drop in half year profits.
CSIRO Research Assesses Mitigation and Offset Options for Onshore Gas in the NT
A report published by Australia’s national science agency, CSIRO, provides an assessment of options to mitigate and offset greenhouse gas (GHG) emissions associated with potential production and Australian consumption of gas extracted from the Northern Territory’s Beetaloo Sub-basin.
The research addresses a recommendation of the 2018 Scientific Inquiry into Hydraulic Fracturing in the Northern Territory, chaired by the Honorable Justice Pepper. Recommendation 9.8 was seeking to understand potential greenhouse gas emissions as a result from any onshore gas produced in the NT in order “That the NT and Australian governments seek to ensure that there is no net…
CGG and TGS Announce Dense OBN survey in Balder and Ringhorne Areas of Norwegian Continental Shelf
CGG and TGS have been jointly awarded the acquisition and imaging of a dense ocean bottom node (OBN) multi-client seismic survey in the Balder and Ringhorne areas of the Norwegian Continental Shelf.
Echandia enters offshore energy-sector to reduce emissions in drilling operations
Echandia, a Swedish developer of heavy-duty energy storage solutions for maritime and offshore applications, has received an initial order for battery systems to help reduce emissions and increase the energy efficiency on a jack up drilling rig in the middle east.
Veritas Capital Completes Acquisition of Wood Mackenzie
Veritas Capital has announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).
Beach Reaches Agreement with Webuild to Complete Delivery of Waitsia 2
Following Webuild’s due diligence and review of cost and work schedules, Beach has revised its total capital expenditure estimate to $400 – 450 million net to Beach ($350 – 400 million originally) with the Waitsia Joint Venture and Webuild targeting first gas from the Waitsia Gas Plant by the end of 2023.
CGG and 2CRSi Join Forces to Launch State-of-the-Art HPC-as-a-Service Offering
CGG and 2CRSi, a designer and manufacturer of high-performance energy-efficient computer servers, have signed a strategic agreement to jointly launch a new high-performance computing (HPC)-as-a-Service (HPCaaS) offering to meet the needs of HPC clients globally.