Sercel has announced the sale of 20,000 WiNG seismic acquisition channels to MKS Consulting, a global geophysical equipment consultancy and leasing specialist.
Archives for April 2023
Increasing Exploration and Production Activities Lifts Demand for Oilwell Completion Tools Market
The Growing Importance of Artificial Lift Systems: Artificial Lift Systems (ALS) are becoming increasingly important in the oil and gas industry, as they help in increasing the production rate of oil and gas wells.
Another $100B of Tax Investment Forecast from LNG Projects After $400B Investment
State and federal governments will benefit from $100 billion in taxation receipts from gas export projects over the next two decades, helping fund public services and infrastructure including roads, schools and hospitals.
CGG and Paragon Collaborate on Carbon Sequestration in North America
CGG has signed a Memorandum of Understanding (MoU) to combine their respective capabilities in support of energy transition customers and, more specifically, add value to the development, operation, and monitoring of carbon sequestration sites in North America.
Gas Hydrates Market to Surpass US$4,350 Million by the End of 2033
The global gas hydrates market is expected to register substantial growth at a CAGR of 5.4% from 2023 to 2033. The global market is anticipated to be valued at US$ 2,571.2 million in 2023. It would further reach a valuation of US$ 4,350.5 million by the end of 2033. The global gas hydrates market was valued at US$ 2,455.1 million in 2022. The growth of the market is primarily driven by significant growth in end-use applications.
Hazer Nets $9.45M Tax Incentive Refund
The Hazer Group has announced the approval of its FY2022 Research and Development (“R&D”) tax incentive refund of $9.45 million.
GECF Report Says Saving Energy Security was a Bigger Concern than Kicking Climate Change Goals in 2022
THE Gas Exporting Countries Forum has launched the fourth edition of its Annual Gas Market Report and says energy security took precedence over climate change mitigation goals in 2022.
Tamboran Says it’s Business as Usual in the Betaloo in Spite of Shifting Political Sands
Tamboran Resources says the Safeguard Mechanism reforms passed by the Federal Parliament are generally in line with recommendations made under the independent Scientific Inquiry into Hydraulic Fracturing of Onshore Unconventional Reservoirs in the Northern Territory (the Pepper Inquiry).
Germany Unveils Plan to Diversify LNG Imports and Secure Independence from Russian Gas
The German gas transmission system operators (TSOs) has presented a draft Gas Network Development Plan 2022-2032, which reflects the fundamental shift in Germany’s energy supply. The proposal is designed to facilitate the changes needed for the network to accommodate the new LNG supplies into Germany and Europe and allow greater use of western import routes while also reflecting reduced gas demand as well as efforts to switch to hydrogen with a view to making Germany fully independent of Russian gas.