Shearwater GeoServices has announced the award of two 3D surveys in offshore Western Australia.
“Shearwater has extensive experience operating offshore Australia and we are delighted to strengthen our position with new work in this active region. We look forward to leveraging one of Shearwater’s advanced multisensor equipped vessels to support our client in achieving their objectives”, said Irene Waage Basili, CEO of Shearwater.
The three-month campaign comprises more than...
Sercel has significantly increased the market position of its 508XT land seismic acquisition system in India.
The system is currently being deployed by over 30 crews, representing a total of over 110,000 508XT channels countrywide and making it clearly the system of choice in India.
Sercel said that based on its cutting-edge and unique cross-technology (X-Tech®) architecture, the 508XT land seismic acquisition system enables automatic data re-routing and local storage for seamless...
Dr Hussein Moghaddam, Senior Energy Forecast Analyst Energy Economics and Forecasting Department, says demand for Green LNG is growing and has the potential to preserve natural gas as a crucial part of the energy mix.
According to the latest, 2020 edition of the GECF Global Gas Outlook 2050, the demand for natural gas is expected to rise by 50% from 3,950 billion cubic metres (bcm) in 2019 to 5,920 bcm in 2050, as gas remains the cleanest-burning hydrocarbon.
In spite of that,...
The Norwegian surveyor said the survey provided the first 3D seismic for Brazil’s 17th Round, scheduled for October 2021 with fast-track anisotropic PSDM products for the additional acreage set to be available in July.
The Ramform Titan began towing the largest spread ever offshore Brazil in June 2020 and returned to Campos in December. The acquisition configuration, with 14 streamers each 10 km long, is “tailored to the challenges of the Campos area”.
The vessel and its...
The Australian Government should embrace measures for long-term business investment that will ensure sustained job creation and economic growth for Australia, according to APPEA’s 2021-22 pre-Budget submission.
Acknowledging the Government’s actions taken during 2020 and as part of the previous Federal Budget, APPEA has made a number of recommendations to the Government that build on the success of these reforms.
APPEA’s five key recommendations will help to create certainty for...
Shearwater GeoServices Holding AS has announced the award of a marine seismic 3D survey in South East Asia.
Shearwater did not give any details of the precise survey location, or the schedule, but said the two-month project would commence in the second quarter of 2021, covering approximately 1,500 sqkm.
Multi-Client Resources (MCR), in collaboration with DUG, has commenced a very large 3D seismic reprocessing project over the hydrocarbon prolific Northern Carnarvon Basin, Northwest Shelf, Australia.
The Barrow-Exmouth “BEX” Multi-Client 3D Project incorporates 23 legacy 3D surveys, reprocessed using DUG’s advanced Broadband, least-squares anisotropic PreSDM and high frequency FWI imaging technology to produce one seamless 26,400 square kilometer 3D seismic dataset over the major...
Aligned with the company’s longstanding commitment to act responsibly and minimize the impact of its activities on the environment, in every sector of its business, CGG has announced its pledge to become carbon neutral by 2050 in scopes 1 & 2 of the Greenhouse Gas (GHG) Protocol.
CGG said that company-wide efforts are focused on continuing to improve the power usage efficiency of its data centers, offices and factories, along with increasing the share of sustainable energy in its...
Polarcus has defaulted on US$130 in debt repayments and announced that it was halting all interest and instalment payments to lenders.
On the Oslo Stock Exchange, Polarcus shares dived 30% as the company went into a trading halt, before emerging to announce that lenders had taken over six of its vessels.
The lenders are now in control of Polarcus’ Shipholding and the seismic vessels; Polarcus Asima, Polarcus Amani, Polarcus Adira, Polarcus Nadia, Polarcus Alima and Polarcus Naila.
A farm-out deal with Origin Energy has put Buru Energy in the starting blocks for an expanded exploration program in the Canning Basin during 2021.
With a solid balance sheet, no debt and a committed new partner, Buru Energy said it would be targeting two conventional oil exploration wells at Kurrajong 1 and Rafael 1,
Buru Executive Chairman, Eric Streitberg, said: “The last quarter of 2020 was a seminal period for the company with the execution of a transaction with Origin Energy...