Australia could unlock up to $600 billion in revenue by creating a carbon capture and storage (CCS) industry and becoming a storage hub for the Asia-Pacific region, according to a leading global energy research firm, Wood Mackenzie.
In an article published in the 2024 Australian Energy Producers Journal, Wood Mackenzie emphasised that Australia’s CCS opportunity is rooted in facilitating other countries’ net zero ambitions.
According to the article, Australia has far higher...
PGS has announced a collaboration that facilitates on-demand data interpretation provided by Onward, which leverages Onward's technical capabilities to enhance PGS' existing MultiClient and Data OnDemand services and accelerate interpretation workflows.
The collaboration between Onward and PGS gives subscribers of PGS' OnDemand services the option to access Onward's interpretation services and unlock the subsurface potential of extensive seismic data sets. PGS subscribers that engage...
What a fantastic week it has been.
Full of compelling, informative and thought-provoking presentations and conversations.
Congratulations to all our award recipient, too. There is some outstanding work being done across our industry, and it’s great to acknowledge and celebrate it.
As our 2024 conference comes to close, we have much to reflect on, and much to be proud of.
I have been encouraged to see this week, throughout the conference – in the plenary...
At the Annual General Meeting on May 15, 2024, shareholders approved the resolution to change the company’s corporate name from CGG to Viridien.
Sophie Zurquiyah, CEO, Viridien, said: “Our new name, Viridien, connects our company’s history to our future, confidently positioning us for accelerated growth as an Advanced Technology, Digital and Earth Data Company.”
To further support its growth strategy, the company will launch the new Viridien brand on 10th June at the upcoming...
The Australian Natural Hydrogen Conference will take place at the Adelaide Hills Convention Centre from October 29-31 and organisers are calling for papers to enrich the narrative about this fast emerging and fascinating energy source.
Natural hydrogen is emerging as potentially one of the most abundant and cost-effective forms of hydrogen and has a key role in the world’s drive to carbon zero.
Australia has been one of the early movers and recent discoveries here have led to...
CGG has announced the launch of its AI Cloud solution designed to meet the needs of data-intensive industries - including life sciences, digital media, manufacturing and geoscience - that seek to optimize and accelerate their demanding and resource-heavy AI workloads.
CGG’s new AI Cloud solution combines the latest high-performance architecture, including cutting-edge NVIDIA H100 Tensor Core GPUs fully configured and optimized for AI fine-tuning and inference, with a pre-installed...
The Australian Government’s Future Gas Strategy recognises the critical role of natural gas for Australia’s energy security in a net zero economy to 2050 and beyond, and that continued investment in new gas supply is needed.
This was the joyous reaction of Australian Energy Producers Chief Executive Samantha McCulloch who said the Strategy, announced last week, should now provide clear direction on national energy policy that supports the central role of gas in the economy and...
PGS has been awarded a 4D contract in West Africa for an international energy company.
Mobilization is scheduled for early September and the contract has a total duration of approximately 65 days, with an option to extend.
“We are very pleased with this contract award, securing visibility for another of our vessels well into the fourth quarter. After completion of scheduled acquisitions programs during the Northern Europe summer season we will steam a vessel to West Africa to...
Russian oil production has remained strong despite sanctions imposed by Western countries in the wake of Russia’s invasion of Ukraine. The country’s gas and liquefied natural gas (LNG) industries, on the other hand, have suffered due to limited pipeline infrastructure and reliance on Western companies. Rystad Energy expects Russian piped gas to China to increase due to new infrastructure, but the outlook for Russian LNG is less rosy.
The Kremlin has set an ambitious plan to...
PGS ended the full year 2023 benefitting from an improving data acquisition market with high pre-funding level on MultiClient projects and increasing profitability for contract work.
Nevertheless, revenues declined compared to 2022 due to unexpected scheduling and operational challenges, and lower than expected MultiClient late sales.
This was revealed in PGS’s recent 2023 Annual Report in which outgoing President and CEO Rune Olav Pedersen said of...