CGG GeoSoftware has collaborated with Alibaba Cloud to successfully deploy its suite of proprietary geoscience software solutions on the Alibaba Cloud platform.
All applications across the entire GeoSoftware portfolio also run on the Azure and AWS cloud platforms, offering “advanced capabilities in machine learning and artificial intelligence, as well as connections to Python ecosystem notebooks,” CGG said.
Alibaba Cloud, the data intelligence...
The State Government of South Australia has announced the successful bids for five new Petroleum Exploration Licences (PELs) with a guaranteed work program valued at $58.85 million over the next five years.
The Department for Energy and Mining said the successful applicants for new PELs in the Cooper Basin are Leigh Creek Energy, Cordillo Energy, Gidgee Energy and Vintage Energy.
Minister for Energy and Mining, Dan van Holst Pellekaan said there were...
The Resources and Energy Quarterly June 2020 release has confirmed the critical role resources and energy exports play in supporting the Australian economy but points to challenges ahead.
According to the Department of Industry, Science, Energy and Resources, the value of Australia’s resources and energy exports set a record $293 billion in 2019-20, up from $281 billion in 2018-19. The resources sector, including oil and gas, accounted for more than a quarter (28 per cent) of...
Following the continued cancellation of US LNG cargoes, data and analytics company GlobalData, says buyers hold all the aces in the current COVID-19 inflicted climate which has impacted investment decisions on major LNG projects.
Adrian Lara, Senior Oil & Gas Analyst at GlobalData, said: “One of the reasons why the US is experiencing a high number of cargo cancellations has to do with the flexibility embedded in the selling of contracts, which is proving to be an advantage for LNG...
Palo Alto, CA (June 19, 2020) -- Knowledgette, an online learning platform specializing in bite-sized video lectures for the oil and gas industry, and the Petroleum Exploration Society of Australia (PESA) have partnered to deliver even more learning resources to individuals in the oil and gas industry.
“Furthering our mission to deliver short, in-depth, and engaging content individuals at all stages of their career in the oil and gas industry, we are thrilled to add PESA to our partner...
APPEA says the Petroleum Legislation Amendment Bill's 2020 passage through the Victorian State Parliament has set the scene for a resumption of onshore gas exploration in the state, which should lead to more gas supply flowing to Victoria’s homes and businesses.
Australia’s oil and gas industry congratulated the State Government and Opposition in supporting the lifting of the onshore conventional gas moratorium from June 2021.
APPEA Chief Executive Andrew McConville said the...
Australian LNG shipments appear to be starting to see the impacts of the COVID-19 pandemic and the global oversupply of LNG, according to the EnergyQuest’s Australian LNG Report for May.
Australian LNG shipments in May were down by seven cargoes compared with April, primarily due to lower cargoes from APLNG and Ichthys, the report stated.
Elaborating on issues that affected exports, EnergyQuest said APLNG buyers had exercised downward contract flexibility and the project had...
APPEA has welcomed confirmation that the NSW Independent Planning Commission (IPC) has received a referral for the Narrabri Gas Project.
APPEA Chief Executive Andrew McConville said the referral was a critical step in assessing the project for NSW and providing new gas supply for the state.
“This is an important project for the NSW economy and will play an important role in its economic recovery”, Mr McConville said.
“NSW relies on interstate gas for 96 per cent of its...
United States crude oil production is showing signs of coming back to life, according to data and analytics company, GlobalData.
This follows the release of data by the Energy Information Administration (EIA) tracking weekly petroleum activity supplemented with information on refined products supplied and weekly crude oil stocks.
“Production cuts in US shale over the last two months have started to have an impact on the US oil market. Refinery utilization is still...
The forced oil production shutdowns and the extension of the generous OPEC+ voluntary cuts into July will not only balance the Covid-19-hit global crude and condensate demand, but are deep enough to create a monthly deficit starting from June 2020 and continuing uninterrupted until at least the end of next year, a Rystad Energy analysis says.
The energy research and business intelligent company said the oversupply, which sent WTI oil prices into the negative...