Company Updates

CGG Adds Two New Surveys to Anadarko Basin Coverage

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CGG has completed acquisition of its Chickasha 3D survey in Grady and Caddo Counties, Oklahoma. CGG has also purchased the rights to the Ft. Reno 3D survey in Canadian County, adding to its continuously growing data library. CGG said the addition of these two surveys, along with the company's Yukon survey, "will provide extensive coverage of the Scoop and Stack play in the Anadarko Basin and will provide our clients with greater insight into the geology of the area. "High-end imaging...

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Searcher Completes 3D Reprocessing Project in PNG

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Searcher Seismic has announced the expansion of its modern, high-quality and exploration focused seismic, magnetic and geochemical focused production offerings offshore Papua New Guinea with the completion of the Laurabada UltracubeTM 3D reprocessing project. The Laurabada UltracubeTM project entailed the reprocessing of two open-file 3D datasets with a modern broadband de-ghosting and pre-stack depth migration sequence over what is highly sought-after acreage. The UltracubeTM is split...

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Geoscience study sees below the salt to solve exploration challenges in Southwest Africa

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Surmounting the significant challenges of mapping deep structures below salt with seismic data alone, a new non-seismic study which includes the Gabon to Angola margin, encourages further interest in the largely under-explored Southwest Africa offshore region. The newly-released Southwest Africa Margin SEEBASE® multi-client Study and GIS from Frogtech Geoscience focuses on syn-rift basement evolution highlighting the pre-salt petroleum plays that constitute the main target following the...

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Jobs setback for Australian geoscientists as 2018 opening quarter cools after improved 2017

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The employment recovery amongst Australia’s geoscientists has taken a step backward in the opening quarter of 2018  –  cooling by more than four percent after a full year of improved employment outcomes over calendar 2017. This was the result of an Australian Institute of Geoscience survey revealing that unemployment nationally among geoscientists – who are prominent in the mining and exploration sectors - increased from 7.0% in at the end of December 2017 to 11.1% at the end of...

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New Zealand suspension of new offshore licensing ‘unlikely to have immediate impact on oil or gas sector’

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According to data and analytics company GlobalData, the suspension of new offshore licensing in New Zealand is unlikely to have an immediate impact on the oil or gas sector, but does signal the possibility of increased restrictions in the future. Jacinda Ardern, the newly elected Prime Minister of New Zealand, signaled during an interview in October 2017 that the annual licensing process for offshore blocks would be cancelled, after a review of future block offers by the new...

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CGG GeoSoftware Releases PowerLog 9.7.2 Petrophysical Software with Machine Learning Capabilities

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CGG GeoSoftware has launched PowerLog 9.7.2, the latest version of its flagship petrophysical analysis software. CGG said the new PowerLog ecosystem “offers access to extensive machine learning and deep learning capabilities and many numerical analysis and visualization libraries. Users can now develop custom interpretation modules and workflows, as an example:  to generate permeability models in carbonates, porosity and permeability models in unconventional reservoirs, or model...

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Brazilian regulator approves Karoon’s Santos basin development plans

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Karoon Gas has stepped into the development and production phase for the Echidna and Kangaroo light oil fields off Brazil, as a direct result of approval from the country’s regulator for the fields’ Declaration of Commerciality. The Kangaroo and Echidna discoveries are located in the Santos Basin for which Karoon has received ANP approval of the Final Discovery Evaluation Report (RFAD) for wholly owned Santos Blocks S-M-1037, S-M-1101, S-M-1102, S-M-1165 and S-M-1166 along with a...

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Safehouse Habitats acquires ESPRAT group of companies

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Perth-based Safehouse Habitats and its UK-based parent, Starn Group, have successfully completed the acquisition of the ESPRAT group of companies based in Australia and Malaysia. Safehouse said this latest expansion would extend the existing Starn footprint in these territories and strengthens its position in the region by providing a platform to further develop the Malaysian market for Safehouse habitats, and to provide the gas detection and related services of another Starn business,...

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Osaka GAS LNG Receiving Terminal

Osaka Gas signs Taiwan LNG receiving terminal deals

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OSAKA, Japan - Osaka Gas Engineering Co., Ltd. (OGE), a subsidiary of Osaka Gas Co., Ltd. (Osaka Gas) has entered into an agreement to provide consulting services for the construction of LNG receiving terminals on behalf of CPC Corporation, Taiwan (CPC) and Taiwan Power Co., Ltd. (TPC) respectively. OGE said for CPC’s third LNG receiving terminal construction project, it will conduct Front End Engineering & Design (FEED) and provide technical consulting services on regasification...

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CGG GeoConsulting Launches Robertson New Ventures Suite to Accelerate Exploration Efforts

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CGG GeoConsulting has launched the Robertson New Ventures Suite, an integrated and digitally transformed family of exploration-focused geoscience tools and databases that the company says will offer clients a “competitive edge in global new ventures screening and frontier exploration”. The six core products of the Robertson New Ventures Suite are Basins & Plays, Geochemistry, Plate Kinematics, Predictions, Provenance and Analogues. “Built on the trusted brands of Tellus, Frogi,...

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