Beach Energy has announced that the first two wells of its offshore Otway Basin campaign - Geographe 4 and 5 - have been connected to the Otway Gas Plant and are now delivering gas into the east coast market following the completion of the commissioning phase.
Feature Articles
CGG Confirms 2022 Phase Three of Northern Viking Graben Dual-Azimuth Multi-Client Survey
CGG has announced that phase three of its dual-azimuth multi-client 3D survey in the Northern North Sea will commence in early May and continue throughout the North Sea season.
Hydrogen Economy Hints at New Global Power Dynamics
IRENA says green hydrogen could disrupt global trade and bilateral energy relations, reshaping the positioning of states with new hydrogen exporters and users emerging.
Strike Spuds South Erregulla 1
Strike Energy has spudded South Erregulla1 and was drilling ahead in a 17-1/2” hole in the top section at a measured depth of 1,045m.
Hydrostor Secures US$250 Million Investment from Goldman Sachs to Accelerate Growth
Energy storage solutions provider Hydrostor, has announced a preferred equity financing commitment of US$250 million from the Private Equity and Sustainable Investing businesses within Goldman Sachs Asset Management.
Wood and FutureOn collaborate to provide integrated technical and digital service
FutureOn, the global software company specialising in the energy sector and creator of the award-winning, SaaS field design applications, FieldTwin Design and its API-centric collaboration platform, FieldTwin, has formed a strategic collaboration with global consulting and engineering leader Wood, to provide an enhanced service to its client base of global asset operators.
CGG sells Physical Asset Storage and Services Business to OASIS Group and Access
CGG has closed the sale of the physical storage assets and associated services of its Smart Data Solutions business to OASIS Group (“OASIS”) and Access Information Management Corporation (“Access”).
The transaction includes seven dedicated storage and service facilities, each holding client collections of records and subsurface rock and fluid samples. Access has acquired the three North American sites and OASIS the four European sites. Access and OASIS have a history of collaboration and, for global clients, will work together to continue the global service delivery.
Natural gas shortage drove steep increase in carbon prices in 2021
During 2021, emissions trading schemes (ETS) around the world saw record-high carbon prices, with the highest seen in the EU and UK.
However, data and analytics company GlobalData said that prices worldwide were still inadequate to reduce emissions in line with the Paris Agreement. The company highlights that only 22% of greenhouse gases are explicitly priced and less than 4% are priced at $40/ton — the minimum price considered necessary to meet Paris Agreement targets.
Miles Weinstein, Energy Transition Analyst at GlobalData, said: “Increasing carbon costs is a key strategy towards eliminating coal-fired power production.
PGS Signs Data Management, Service Agreement for MultiClient Seismic
PGS has signed a multi-year Data Management as a Service agreement with a major customer.
Western Gas gets green light for Sasanof-1 exploration well on North West Shelf
Western Gas has secured regulatory approval from NOPSEMA to drill the Sasanof-1 exploration well on the North West Shelf.