Company Updates

Searcher expands its Offshore Argentina Seismic and Well Database

Posted by

Searcher Seismic announced it has expanded the Offshore Argentina Seismic and Well Databasewhich is being carried out in anticipation of the 2018 Argentina Offshore Bidding Round 1. Since late 2016, Searcher Seismic has been collating, organising, reimaging, interpreting and evaluating a vast amount of offshore data from the Argentina continental shelf areas.  The original data required considerable adjustments, editing and QC enhancement, which allows the industry to easily utilise...

READ MORE

New Zealand bans new oil and gas exploration permits

Posted by

New Zealand's ruling Labour Party has banned all new oil and gas exploration permits in the country. This was announced by New Zealand Prime Minister, Jacinda Ardern, who said that the changes would be phased in and that all existing permits would be honoured. The decision was welcomed by environmental activist group Greenpeace, which has campaigned for seven years to end offshore oil and gas exploration in the country – most recently with campaigns against the Amazon Warrior seismic...

READ MORE

Abu Dhabi is open for bidding with six oil and gas blocks

Posted by

The Abu Dhabi National Oil Company (ADNOC) has released six oil and gas blocks for bidding as part of Abu Dhabi's first ever block competitive exploration and production bid round. In a media release ADNOC said the licensing strategy represents a major advance in how Abu Dhabi unlocks new opportunities and maximizes value from its hydrocarbon resources. “It is also consistent with ADNOC's approach to expanding its strategic partnerships across all areas of its business. The...

READ MORE

Shearwater GeoServices returns to Atlantic Margin for TGS

Posted by

Shearwater GeoServices has been awarded a new contract by the Multi-Client geophysical company TGS for the second consecutive year. The contract is for a seismic survey on the Atlantic Margin in the Norwegian Sea which is expected to take approximately three months and is scheduled to be completed by the end of September, 2018. The 2018 survey will cover 5,135 km2 and will be performed by one of Shearwater's vessels which will utilize FlexiSource and a wide tow spread. In 2017...

READ MORE

Spectrum starts 2D Sergipe Basin survey off Brazil

Posted by

Spectrum has begun a 6,000-kilometer 2D program over the Pernambuco-Paraiba basins along the Eastern Margins of Brazil. The multi-client specialist said in a market update that the survey, carried out in partnership with BGP Marine, covers an area north of the prolific Sergipe Basin that would be included in Round 16 scheduled for 2019. The survey is being acquired with a 12,000-meter cable to record data necessary to understand basin architecture as well as to image prospective zones...

READ MORE

CGG GeoSoftware Donates Seismic Reservoir Characterization Software to Delft University

Posted by

CGG GeoSoftware has donated its Jason and HampsonRussell seismic reservoir characterization software suites to Delft University of Technology (TU Delft) in the Netherlands. The donation of a full HampsonRussell suite and the renewal of an enhanced Jason package will enable students at the Department of Geoscience & Engineering to expand their theoretical and practical knowledge of quantitative reservoir characterization and inversion techniques. Myrna Staring, PhD student at TU Delft,...

READ MORE

Bass Oil lifts daily oil output by 20% in South Sumatra

Posted by

In a market update Melbourne-based Bass Oil said it had made significant improvements to its oil producing Tangai-Sukananti KSO, in Indonesia’s prolific South Sumatra Basin. This had lifted the company’s 2018 daily field output from 550 barrels of oil per day (bopd) earlier this year, to a current 650 bopd, “with further gains of between 150 to 250 bopd expected over coming weeks”. “The significant production uplift is a direct result of the successful completion of field...

READ MORE

Bank of China & Goldman Sachs selected to drive Alaska LNG project

Posted by

The Alaska Gasline Development Corporation (AGDC) has engaged the Bank of China and Goldman Sachs to serve as global capital coordinators to AGDC’s Alaska LNG project. This follows the Bank of China along with Sinopec and CIC Capital signing a joint development agreement with AGDC in November to collaborate on the advancement of Alaska LNG. The signing of the agreement was witnessed by U.S. President Donald J. Trump and China President Xi Jinping. Bank of China and Goldman Sachs...

READ MORE

Trelleborg Announces New Rotary Seal for High Pressure Oil & Gas Applications

Posted by

Trelleborg Sealing Solutions has announced the launch of the new polytetrafluoroethylene (PTFE) based O-Ring energized single-acting rotary seal, Turcon® Roto Glyd Ring® DXL, specifically designed to meet the demands of high pressure rotary applications within the oil and gas industry. The Fort Wayny, Indiana-based company said the “innovative design” of the Turcon® Roto Glyd Ring® DXL “provides improved dynamic sealing efficiency and reduced friction by balancing the contact...

READ MORE

Sercel Delivers Land Acquisition System and Neo Vibrators to Algeoland

Posted by

Sercel has announced the delivery of a 25,000-channel 508XT land seismic acquisition system and 15 Nomad 65 Neo broadband vibrators to Algeoland, Algeria’s leading private geophysical company. Algeoland will deploy the Sercel equipment to conduct a major 3D seismic survey over a 2,000-km² area of the Rhourde-Nouss desert region in north east Algeria, on behalf of the national oil company. Sercel said the 508XT system drives productivity, data quality and adaptability to an...

READ MORE