The release of the Graeme Samuel review of the Environment Protection and Biodiversity Conservation Act 1999 (EPBC) assessing Australia’s environmental regulatory framework has been welcomed by the oil and gas industry.
The review makes several recommendations to the Australian Government around the reform and modernisation of Australia’s environmental legislative framework.
The focus on improving environmental, heritage and biodiversity conservation outcomes, while delivering...
Australia’s geoscientists benefitted from a sharp increase in employment opportunities in the final quarter of 2020 according to the latest AIG Australian geoscientist employment survey.
Unemployment amongst professional geoscientists (geologists, geophysicists and allied Earth scientists) recommenced a downward trend after improvement in employment prospects stalled throughout the previous three quarters of the year.
AIG President, Mr Andrew Waltho, welcomed the results. “It’s...
Total has withdrawn from the American Petroleum Institute (API), citing differences over API’s position on climate change.
The French energy giant said this followed a detailed analysis of API’s climate change position, whereafter it decided not to renew its membership for 2021.
Total said it assesses all industry associations it is a member of each year to ensure they are aligned with the group’s climate change position.
The six key points it uses to test this alignment...
Chevron has announced a Series C investment in San Jose-based Blue Planet Systems Corporation, a start-up that manufactures and develops carbonate aggregates and carbon capture technology intended to reduce the carbon intensity of industrial operations.
The San Ramon headquartered company said: “Chevron Technology Ventures’ ongoing investment in carbon capture and utilization technologies supports Chevron’s focus on a diverse portfolio of lower-carbon solutions."
In connection...
Norwest has completed a successful bookbuild to raise $2 million (before costs) through a placement of shares to a range of sophisticated and institutional investors, including major shareholders, to fund drilling costs of the Lockyer Deep-1 exploration well in the Perth Basin.
Norwest's has a 20% interest in Lockyer Deep-1 , located on EP368 on trend with three significant recent discoveries, for which drilling is targeted during the first half of 2021.
Norwest said funds will...
CGG has become a member of Amira, an independent global not-for-profit organization representing members from the mineral resources industry seeking to enhance, sustain and deliver transformational R&D, innovation and implementation to the benefit of society.
CGG said that as part of its membership, CGG’s Minerals & Mining group is sponsoring an independent industry research program developed in response to several recent and well-documented accidents and catastrophic failures at mine...
EnergyQuest estimates that Australia exported a record 78.0 Mt of LNG in 2020, up from 77.5 Mt in 2019. This is a good result given the disruptions to Gorgon, the fact that Prelude hadn’t produced since early February, issues seen at Wheatstone with reduced production, and the COVID-19 destruction of LNG demand, particularly early in the year.
Australian production was above Qatar nameplate capacity of 77 Mtpa. (The precise level of Qatar LNG exports is uncertain because Qatar does not...
Searcher has launched new data layers functionality on its on-demand seismic web platform, sAIsmic, from Searcher’s partnerships with MapStand and NVentures.
The new MapStand and NVentures layers functionality on sAIsmic with an info tab that allows users to view blocks, wells and field information, anywhere in the world, providing valuable location context for sAIsmic users.
“We are very excited to have launched this latest functionality on sAIsmic through the partnerships...
PGS expects to report segment revenues for Q4 2020 of approximately $158 million. Contract revenues ended at approximately $21 million. MultiClient pre-funding revenues were approximately $61 million and MultiClient Late Sales approximately $70 million.
“We achieved a sequential revenue increase from our vessel operations in Q4, and a MultiClient pre-funding level benefitting from additional sales from ongoing surveys. Our MultiClient Late Sales more than doubled, compared to the...
Searcher has announced a new onshore Peru Campaign, in collaboration with PeruPetro S.A. 2D & 3D Seismic Rectification and a Well Atlas including post-drill analysis to provide a renewed and enhanced dataset to support future bid rounds, regional evaluations and due diligence of existing commercial opportunities.
The Onshore Peru 2D & 3D Rectification consists of both 2D and 3D vintage seismic data which has been rectified with Searcher’s proprietary post-stack reprocessing method. The...