Australia’s Po Valley Energy has welcomed the Italian Ministry of Environment giving the Selva gas field development in Northern Italy a green light that has brought the project to the cusp of production.
At the same time the company revealed that final environmental approval for the Teodorico offshore gas project was expected in the March quarter following primary environmental approval in 2019.
Po Valley CEO, Michael Masterman commented:
Shearwater has been awarded a 3D broadband marine seismic acquisition contract by Reliance Industries in the Bay of Bengal, India. The project is scheduled to commence in Q2 2020.
The survey covers 1,500 sq. km of block KG-UDWHP-2018/1 in the Krishna-Godavari basin and will be executed by the Polar Duchess using a Dual source design, Shearwater has announced.
“We are pleased to add Reliance as a new customer with this award for the coming season in India” said Irene Waage Basili, the CEO of Shearwater GeoServices. “This is the third contract award we have won in India in recent weeks.
Maintaining strong safety, reliability and service performance with lower revenue and costs are the focus of Australian Gas Infrastructure Group’s Final Plan for Western Australia's Dampier to Bunbury Natural Gas Pipeline (DBP) for the 2021 to 2025 period.
The Plan also puts in place measures to support the DBP continuing to deliver gas to an evolving Western Australian energy market well into the future.
The Plan was presented this month to WA’s Economic Regulation Authority (ERA) and follows an extensive 18-month consultation period with customers of the pipeline.
The pipeline - part of the Australian Gas Infrastructure...
The largest company in South Australia reported production of 75.5 million barrels of oil equivalent (mmboe) in 2019 – up 28 per cent from 58.9 mmboe the previous year.
The report says Santos sold 94.5 mmboe over the year, up from 78.3 mmboe in 2018 – and it achieved sales revenue of $4.03 billion, up from $3.66 billion in 2018.
Santos Managing Director and CEO Kevin Gallagher said in a statement to the Australian Securities Exchange that the company had also delivered lower unit production costs and strong cash flow in 2019.
“The year was highlighted by highest ever free cash flow of more than $1.1 billion, record onshort drilling performance, lower unit production costs and significant progress on our diversified portfolio of growth projects,” he said.
Shearwater GeoServices has been awarded a 3D broadband marine seismic acquisition campaign by ONGC in Western Offshore India. The project is scheduled to commence in the first quarter of this year.
The four-month survey covers 2,000 sq. km of 3D in a shallow-water area of the Arabian Sea. The contract award follows last month’s announcement of a combined 2D and 3D broadband marine seismic survey for ONGC off the East Coast of India.
“We are pleased to receive this second award for the coming season in India” said Irene Waage Basili, the CEO of Shearwater GeoServices.
Shearwater has announced announce a more than sevenfold increase in 2020 backlog to 65 vessel-months at the start of 2020, up from nine vessel-months at the same time a year ago.
This backlog includes 24 months of the minimum commitment in the recently signed capacity agreement with CGG for two vessel-years annually over a five-year period. The backlog numbers exclude WesternGeco minimum commitment.
Shearwater said the backlog expansion reflects growing demand for marine seismic, particularly 4D, and successful execution of the company’s market consolidation strategy.
CGG has completed its exit from the seabed data acquisition business and terminated the Seabed Geosolutions’ joint venture agreement.
The Paris-headquartered geophysical services company said that in line with its strategy to exit the data acquisition business, which was effective from December 31, 2019, the company had agreed to transfer its 40% shareholding in Seabed Geosolutions to Fugro before the end of the first quarter of 2020.
In addition, it was agreed to conclude remaining matters related to Seabed Geosolutions’ financing and non-competition provisions by paying $35 million to Fugro.
CGG said that notwithstanding this payment, it...
Fugro has successfully completed the first deepwater autonomous underwater vehicle (AUV) site survey for Brunei Shell Petroleum Company Sdn Bhd (BSP).
Ceri Powell, BSP’s Managing Director, delivered a congratulatory note acknowledging the quality of Fugro’s work and HSSE leadership shown throughout the campaign. BSP’s Project Lead Bilman Pardomuan Hutabarat commented: “This campaign was the first deepwater survey project for Shell in Brunei and its success will lead to many more deepwater programmes.”
The survey was performed in August in water depths of 600 m using the Fugro Equator, a dedicated geophysical survey vessel, and the Fugro ES-V...
Shell has stepped on the gas, announcing a “significant gas and condensate discovery” at the Bratwurst-1 well in the Browse Basin off the North West Coast of Western Australia.
Shell said that the drilling of the Bratwurst-1 exploration well, within title AC/P64, was safely and successfully concluded on December 4 after a 78-day campaign.
This campaign was completed in just over 18 months from bidding and 12 months from award of the AC/P64 title, Shell said in a statement.
This discovery is located 160km north east of the Shell operated Prelude FLNG facility and presents an opportunity for a future tie-back to Prelude.
CGG has completed JumpStart™ multi-client geoscience packages for the North West Shelf (NWS) of Australia and the Banda Arc in the Asia-Pacific region. Both packages are now available and enhance understanding of the prospectivity of these two high-potential regions, allowing the assessment of exciting new plays, the Paris headquartered company said.
JumpStart packages mobilize the full suite of CGG’s geoscience capabilities to accelerate and support exploration efforts. They integrate all available data in a specific geographical area and frame it within a geological context.