CGG has announced that it had completed the wind-down and exit from its land seismic data acquisition business after completing its last land seismic acquisition contract in Tunisia.
Following on from the company’s recently announced exits from seabed and marine data acquisition, this milestone marks the successful completion of CGG’s strategy to exit the seismic data acquisition business, the company said.
To date, CGG still retains a minority shareholding in the ARGAS company...
Marine geophysics company PGS said it was using its digital transformation process to accelerate strategy execution and had entered into an agreement with Cognite to expedite this process.
In cooperation with Cognite, PGS has launched two digitalization workstreams aiming at improving fleet performance; refining approaches to optimize fuel consumption and reducing maintenance cost by actively monitoring equipment via contextualized data.
“As part of our digital transformation...
The Australian Government has moved quickly to ensure the safety and integrity of the Northern Endeavour, signing a new agreement with Upstream Production Solutions (UPS), to operate and maintain the vessel.
UPS is a respected and reliable operator in the offshore sector. It will operate the vessel in lighthouse mode, the minimum required for safe operations, with no production and a small crew until a longer-term solution is determined.
Minister for Resources,...
CGG announced that its Geoscience division has been awarded a contract renewal by Total, for the continued operation of its Dedicated Processing Center (DPC) in Pau, France. The new contract will run for five years starting in January 2020.
The two companies have been working in close collaboration at the DPC since 2006. Through this long-term relationship and CGG’s timely delivery of its innovative technologies and tailored workflows for a variety of...
More than 455,000 households and small businesses connected to natural gas in South Australia are set to receive significant reductions in their bills, on average ranging from about $30 to $270 per year respectively.
This follows Australian Gas Networks’ (AGN’s) publication of its South Australian Draft Plan for the five-year period commencing 1 July 2021. The Draft Plan was developed following an extensive period of consultation with customers and...
CGG and Fairfield Geotechnologies have signed a second cooperation agreement to acquire a series of large-scale, high-density, multi-client surveys in the Central Basin Platform (CBP) of the Permian Basin located in West Texas.
The new wide-azimuth datasets will provide a better understanding of the structural complexity of the transition between the CBP and surrounding basins to enhance industry drilling efforts, CGG said.
The CBP is a tectonically uplifted...
The Australian Government has been advised that the Northern Oil and Gas Australia (NOGA) group of companies has been placed into liquidation.
Minister for Resources, Water and Northern Australia Keith Pitt said this is an unprecedented event in the offshore oil and gas industry in Australia.
“It is regrettable that a commercial solution could not be found to prevent NOGA entering liquidation, but the Government will do everything it needs to do to protect the safety and security of...
“Suddenly, the global LNG market is being buffeted from all directions. The market was already soft with a warm winter in North Asia and rapidly growing US production. Now the outbreak of the coronavirus has hit oil prices (to which Australian LNG prices are indexed) and spot LNG prices.”
This is according to the latest EnergyQuest report which revealed that Brent had started the month at US$67.05/bbl (A$96.03/bbl) and rose to US$70.25/bbl (A$101.34/bbl) but then fell...
Searcher is pleased to announce the completion of its Offshore Peru OpenSeis 2D and 3D Seismic Dataset as part of its Offshore Peru Multi-Client Campaign.
The Offshore Peru OpenSeis Seismic Dataset consists of both 2D and 3D vintage seismic data which has been rectified in a post-stack reprocessing method. The data package comprises of 44,389 km of 2D and 15,526 km2 of 3D seismic data along the coast of Peru.
Offshore Peru offers high impact, moderate-risk exploration in shallow...
3D Oil Ltd, has executed a farmout agreement with ConocoPhillips Australia whereby the latter will acquire a 75% operated interest in the T/49P exploration permit in the Otway Basin offshore Tasmania for $5 million cash.
Prior to the deal 3D Oil held a 100% interest in the T/49P exploration permit, which covers 4,960km of the Otway Basin and is located adjacent to the producing Thylacine and Geographe gas fields.
The most recent agreement was finalised with ConocoPhillips on Dec 18.
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