CGG has opened its new UK HPC (High-Performance Computing) Hub in Southeast England. The initial capacity of the center is 100 petaflops, bringing the company’s global total to an industry-leading 500 petaflops.
Company Updates
Trouble Down Under: ‘Australia’s Electricity Market is the Most Volatile in the World’
Australia’s power market is now the most volatile in the world as unexpected losses of supply from unplanned coal generation outages and transmission line issues related to natural disasters lead to huge price fluctuations, according to Rystad Energy research.
Kelvin.ai and Santos forge “groundbreaking partnership” for advancing autonomous operations in onshore upstream production
Kelvin.ai, a pioneer in artificial intelligence and autonomous technologies, has signed a multi-year enterprise software agreement with Santos.
Tamboran Drills A3H in Record Time in Less Than 18 days
Tamboran Resources has drilled the Amungee NW 3H well in EP 98 in a record 17.9 days, at an average daily rate of 214m and 20 days faster than the Amungee 2H well.
Shearwater Completes Successful Carbon Storage Survey Project
Shearwater has announced the successful completion of the carbon storage survey project for TotalEnergies in the Danish North Sea.
CGG Commences Côte d’Ivoire Reimaging Project near Baleine Field
CGG has announced the start of a major new multi-client 3D PSDM reimaging program in the Tano Basin offshore Côte d’Ivoire in association with the country’s Direction Générale des Hydrocarbures (DGH) and national oil company, PETROCI Holding (PETROCI).
The 6,400 sq km reimaged seismic data set near the recent world-class Baleine field will give interested industry operators unique insight into this high-potential new play. The project is supported by industry funding and expected to complete by the end of 2024, with a fast-track volume available in Q1 2024.
CGG will draw on its two decades of geoscience experience in Côte d’Ivoire to reimage the 3D seismic data with its latest proprietary technologies, including time-lag FWI, QFWI, and the potential application of targeted FWI imaging. T
IEA Confirms Natural Gas, CCUS and Low-Carbon Hydrogen Key to Net Zero
The International Energy Agency (IEA) has confirmed natural gas, carbon capture technology and all low-carbon hydrogen pathways will be needed if the world is to reach net zero by 2050.
Tamboran Spuds Amungee 3H
Tamboran Resources has spudded the Amungee 3H Well at its 38% owned EP 98 Permit in the Betaloo Basin with the Helmerich & Payne superspec Flex 3 Rig.
‘Australian Energy Producers’ is Revealed as New Name for APPEA
Australian Energy Producers has been unveiled as the new name of the peak body of the nation’s explorers and producers of essential energy.
PGS and TGS Combine to Form Single Energy Data Company
TGS ASA and PGS ASA have announced that they have agreed the principal terms of a combination of TGS and PGS to create a strong full-service energy data company.