The nation’s peak oil and gas industry body has said the release by the Australian government of a suite of measures aimed at enhancing and strengthening Australia’s offshore oil and gas decommissioning framework is a step in the right direction.
APPEA Chief Executive Andrew McConville said industry has worked constructively with the Government to develop an appropriate, forward-looking decommissioning framework and will look at what is proposed closely.
“The offshore oil...
PGS has been awarded a high-fidelity 3D exploration program by a supermajor offshore Egypt.
The survey will be acquired using an Extended Long Offset (ELO) configuration with Ramform Tethys towing a wide multi-sensor GeoStreamer spread with an additional source vessel located several kilometers ahead.
CGG said that this would enable efficient recording of offsets up to 16km, which is critical for imaging deeper complex exploration targets. The source vessel will be towing a specially...
India is set to commence 647 oil and gas projects from 2021 to 2025, accounting for 33% of the total upcoming project starts in the Asia-Pacific (APAC) region, according to GlobalData.
The data and analytics company’s report, ‘Asia Pacific Oil and Gas Projects Outlook to 2025 - Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects’, reveals that out of 647 projects to commence operations by 2025, upstream projects would be 80, midstream...
CGG has been awarded three major seismic imaging projects by BP, two in the deepwater Gulf of Mexico and one offshore Trinidad & Tobago.
These projects will start in Q1/Q2 this year and complete with cloud delivery of the data no later than Q4 of 2021.
CGG said that, “utilizing CGG Cloud supercomputing, imaging specialists at CGG’s Houston subsurface imaging center will employ compute-intensive data-driven proprietary algorithms, such as time-lag full-waveform inversion and...
Lukoil has abandoned takeover plans for Australia’s FAR Limited and thus exited its ambitions to participate in the Woodside-operated Sangomar project offshore Senegal.
The Russian company had offered FAR 2.2c per share in February after it had failed to become a participant in the RSSD project via the acquisition of Cairn Energy’s stake in the discovery -- which was scuppered by Woodside’s entry into the development.
FAR had sounded a note of caution over Lukoil’s proposal,...
Buru Energy is all set for a significant exploration program in the Canning Basin targeting 97 million barrels of oil which will entail exploration wells at Kurrajong and Rafael and ongoing development of the Ungani Oilfield.
The company announced that the contract for seismic as well as a three well drilling program is expected to be awarded within weeks.
Natural gas and the jobs it can create has the potential to be an economic and environmental strength for Australia but only with the right regulatory environment and if the misinformation stops, APPEA Chief Executive Andrew McConville has warned.
Using his keynote address at the Australian Domestic Gas Outlook conference, Mr McConville said there was an enormous opportunity to create thousands of jobs and help Australia reach zero net emissions by 2050.
“Sadly, vested...
Mineral Resources has been awarded two highly prospective gas exploration permits in the Perth and Northern Carnarvon Basins.
The award is a boost to MRL’s strategy to secure its own natural gas supply to provide energy security for current and future MRL mining operations at lower-cost and with lower emissions to replace diesel use across the business.
MRL said it has committed to achieve Net Zero Emissions by 2050 and is presently developing the roadmap to achieve this target to...
The recent LNG supply agreement signed between Qatar Petroleum, Singapore-based LNT Marine, the American Bureau of Shipping and Shanghai Waigaoqiao Shipbuilding is “the latest sign of a new surge in gas investment that is set to shape the small Gulf state beyond the football World Cup in 202.
That’s according to GlobalData, who said over the past 10 years Qatar’s investment focus had been on the development of infrastructure for the FIFA football World Cup in 2022 to deliver...
Sercel and Kappa Offshore Solutions have announced the release of PIKSEL, a compact marine seismic solution specially designed for acquiring seismic data for high-resolution 3D imaging of targeted offshore areas.
PIKSEP, capitalizing on Sercel’s Sentinel® streamer technology, recognized for its robustness and accurate measurement capabilities, and Kappa Offshore Solutions’ expertise in equipment integration and hydrodynamic modeling, can acquire high- and ultra-high-precision...