PGS and Cognite have systemized data to increase PGS vessel speed without jeopardizing the seismic acquisition operation or the vessel integrity.
Dale
Voting down ARENA regulation “short-sighted and disappointing”
APPEA says moves by some politicians to vote down regulations expanding the investment remit of ARENA (Australian Renewable Energy Agency) are short-sighted and will slow Australia’s march to reach net-zero emissions targets.
CGG Awarded Barents Sea Imaging Contract by Lundin Energy
CGG has been awarded a major project by Lundin Energy Norway AS for the seismic imaging of an innovative simultaneous node and streamer 3D survey currently being acquired over a 3700 km² area of the Nordkapp basin in the Barents Sea.
Mammoet-Haisla J.V. successfully reaches next milestone at LNG Canada
The Mammoet-Haisla Joint Venture has completed the pile handing scope for the LNG Canada project through JGC-Fluor Joint Venture in Kitimat, British Columbia.
Mammoet-Haisla said it had provided offloading services for incoming pipe piles throughout the pandemic, completing the scope in March.
Former AMMA President recognised with Queen’s Birthday Honour
Australian Resources and Energy Group AMMA has congratulated its former longstanding President Richard Owen for being awarded a Medal of the Order of Australia (OAM) for his services to business in the Queen’s Birthday Honours List.
European oil majors near pre-pandemic income levels despite weakened revenues
The European oil majors (Shell, BP, TotalEnergies, Eni and Repsol) benefitted dramatically from elevated oil and gas prices in the first quarter of 2021 as income returned to near pre-pandemic levels.
That’s according to data and analytics company GlobalData, who said the European oil majors saw large losses in 2020 as long-term oil and gas price forecasts were revised lower resulting in multi-billion-dollar asset impairments. However, far rosier dispositions have returned in 2021.
Australia’s low-carbon hydrogen trade could be worth up to US$90 billion in 2050
Low-carbon hydrogen could become a US$50 billion to US$90 billion export industry for Australia in 2050, says Wood Mackenzie.
“Science ignored for political gain”
APPEA says a Parliamentary committee led by the Greens has ignored good science in an effort to further ostracise the gas industry for political gain.
APPEA Chief Executive Andrew McConville said the recommendations made by the Environment and Communications references committee on the impact of seismic testing on fisheries and the marine environment fly in the face of science and reason.
Power mix transitions present diverging paths for GCC countries
Gas demand for power generation consumed above 13bcfd in 2020, representing almost 50% of the total demand in the Gulf Cooperation Council countries. It is expected that this demand will increase by 14% by 2029.
That’s according to data and analytics company GlobalData, who said the transition from oil to gas for less carbon-intensive power generation has begun in the GCC region. In Saudi Arabia and Kuwait, gas demand for power is set to increase by 15% and 19% respectively by 2030.
Emperor upbeat on Seismic results for Judith Gas Field
Emperor Energy has announced positive initial 3D Seismic Data results from its 100% owned Judith Gas Field in the offshore Gippsland Basin.
The Sydney-based explorer said its team of consulting geologists and geophysicists were currently doing analysis of the multi-client 3D seismic data acquired in the VIC/P47 Permit in mid-2020 by CGG. This follows an independent resource statement completed on 11 July 2019.