The European oil majors (Shell, BP, TotalEnergies, Eni and Repsol) benefitted dramatically from elevated oil and gas prices in the first quarter of 2021 as income returned to near pre-pandemic levels.
That’s according to data and analytics company GlobalData, who said the European oil majors saw large losses in 2020 as long-term oil and gas price forecasts were revised lower resulting in multi-billion-dollar asset impairments. However, far rosier dispositions have returned in 2021.
Low-carbon hydrogen could become a US$50 billion to US$90 billion export industry for Australia in 2050, says Wood Mackenzie.
APPEA says a Parliamentary committee led by the Greens has ignored good science in an effort to further ostracise the gas industry for political gain.
APPEA Chief Executive Andrew McConville said the recommendations made by the Environment and Communications references committee on the impact of seismic testing on fisheries and the marine environment fly in the face of science and reason.
Gas demand for power generation consumed above 13bcfd in 2020, representing almost 50% of the total demand in the Gulf Cooperation Council countries. It is expected that this demand will increase by 14% by 2029.
That’s according to data and analytics company GlobalData, who said the transition from oil to gas for less carbon-intensive power generation has begun in the GCC region. In Saudi Arabia and Kuwait, gas demand for power is set to increase by 15% and 19% respectively by 2030.
Emperor Energy has announced positive initial 3D Seismic Data results from its 100% owned Judith Gas Field in the offshore Gippsland Basin.
The Sydney-based explorer said its team of consulting geologists and geophysicists were currently doing analysis of the multi-client 3D seismic data acquired in the VIC/P47 Permit in mid-2020 by CGG. This follows an independent resource statement completed on 11 July 2019.
Shearwater GeoServices has completed the sale of the seismic vessel Western Trident for recycling as part of the company’s fleet renewal strategy.
The vessel has been delivered in Turkey for recycling in accordance with EU regulations and the 2009 Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships. In late 2020, Shearwater also sold the CGG Alize to be repurposed outside of the seismic industry.
These sales together with Shearwater’s...
The voice of Australia’s oil and gas industry said Gas Supply Agreements between Queensland-based gas producer Westside and Alinta Energy and CleanCo Queensland is further proof that the industry continues to deliver for the Australian economy.
Under the agreement with Alinta Energy, Westside and its joint venture partner, Mitsui E&P Australia Pty Ltd, will deliver a total of 3.65 PJ in calendar years 2022 and 2023.
CleanCo Queensland will purchase a total of 2.19PJ of gas over 2023...
PGS seismic vessel Ramform Titan has begun acquisition of the Cape Anguille program, in partnership with TGS. This program expands the PGS-TGS joint venture with another 10 000km² of GeoStreamer 3D coverage in Newfoundland’s prospective Orphan Basin.
The survey covers existing lease blocks and open acreage. Acquisition is expected to complete mid-September 2021. PGS will deliver fast-track results in November 2021, and final imaging and interpretation products in Q1 2022.
In...
Shearwater GeoServices has commenced the second and significantly larger phase of ION Geophysical’s 11,000km² UK Mid North Sea High 3D seismic survey program using the Oceanic Vega.
Shearwater said the Mid North Sea High’s proximity to shore and existing energy infrastructure supports lower development costs, making it an attractive development region for companies both within the oil and gas and the low carbon energy sectors.
The acquisition of this large data set, prioritizing...
Sercel has announced the launch of GPR300, a new nodal seismic acquisition solution specially designed for deployment in shallow waters down to depths of 300 meters.
Developed in partnership with BGP, the new solution expands Sercel’s existing GPRNT range which includes GPR1500 for high-end deepwater subsurface imaging.
Compact and lightweight, GPR300 features Sercel’s unique QuietSeis® broadband digital sensor technology for ultra-quiet performance and unmatched digital...