DUG Technology has signed a deal with Japanese energy company INPEX to provide HPC cycles and software using DUG McCloud.
DUG Technology Managing Director Matt Lamont said the INPEX collaboration had the potential to lead to the DUG McCloud platform being used for other INPEX projects as part of a long-term relationship.
INPEX tested the platform at DUG’s headquarters in Houston before signing the contract.
“We know that once prospective clients try the software, test the...
Katalyst Data Management has announced the launch of their new Katalyst 360 data analytics platform for the oil and gas industry.
Katalyst said This self-service data analytics environment “provides a 360-degree view of how subsurface data assets are being utilized within an organization. Katalyst 360 greatly expands the utility of Katalyst’s data management solutions, giving oil and gas companies the ability to gain greater insight into their valuable subsurface data assets.”
Senex has taken a Final Investment Decision to increase its gas production near Roma, in south-west Queensland, by 50 per cent.
About 50 construction jobs are set to be created and more than $30 million will be invested in expansion of the natural gas processing facility at the Roma North development, drilling of wells and construction of supporting infrastructure. The expansion is expected to be finished within the next year.
The announcement comes after Senex said last month it was...
CGG Geoscience has announced that its Smart Data Solutions (SDS) business group has recently been awarded data management contracts representing a total backlog of about $10 million. Given the current industry context, these awards reflect the continued high priority that clients have on digitalizing and thus enhancing the value of their legacy data.
The most significant contract is for a global framework agreement signed with a major international energy company that provides for the...
PGS expects to report Segment* revenues for Q3 2020 of approximately $115 million. Contract revenues ended at approximately $9 million. MultiClient pre-funding revenues were approximately $52 million, from a capitalized MultiClient cash investment of approximately $57 million. MultiClient late sales were approximately $26 million.
Q3 2020 revenues include approximately $23 million of government grants related to the Covid-19 pandemic. The government grants are recorded as Other...
CGG GeoSoftware has launched WellPath, a new interactive 3D well path planning solution for optimal well planning in unconventional and fractured reservoirs and offshore development platforms, as part of its InsightEarth® 3D visualization and interpretation software suite.
CGG said that WellPath shows the complexity of the subsurface drilling environment in 3D so that drillers can quickly plan and QC horizontal wells on high-density, multi-lateral pads or large offshore platforms....
Senex Energy is set to create 100 jobs and support hundreds of manufacturing roles after winning a competitive tender for gas acreage that will expand its successful Atlas domestic gas project.
The Queensland natural gas company has also announced that it has a supply agreement with the sustainable lube-oil recycling firm Northern Oil Refinery in Gladstone, on Queensland’s central coast. The agreement supports more than 30 jobs at the refinery and hundreds more at collection depots...
CGG has announced delivery of fast-track results from its recently acquired 3D multi-client seismic survey of the Gippsland Basin and says the broadband data will enable informed decisions when bidding on blocks in this prolific, hydrocarbon-producing area.
This industry-first basin-wide survey over ~8,700 sq km was successfully completed in July 2020 and has strong industry support with significant prefunding. It represents Phase II in CGG’s Gippsland ReGeneration reprocessing and...
PGS ASA has reached an important milestone in discussions with its lenders. The company has come to an agreement in principle on main terms with the negotiation teams of the finance parties under its ~$300 million export credit facilities (“ECF”), and a majority of the lenders under its $350 million revolving credit facility (“RCF”) and ~$520 million term loan B facility (“TLB”).
PGS said the agreement in principle remains subject to lenders’ internal approvals and...
Airborne gravity surveys are preparing to be flown across large regions of Victoria.
The airborne surveys are being collaboratively organised through Geological Survey of Victoria within the Department of Jobs, Precincts and Regions (DJPR), Surveyor-General Victoria within the Department of Environment Land Water and Planning (DELWP) and Geoscience Australia (Commonwealth Government).
The Department of Environment, Land, Water and Planning said the objective of the project is to...