Industry
Po Valley Energy has upgraded its oil and gas reserves and resources for its 100% owned subsidiary Po Valley Operations, with maiden 2P reserves of 36.5 bcf of gas now declared at the company’s offshore Adriatic development Teodorico gas field.
Teodorico has the largest gas in place of all of Po Valley’s gas fields and is at an advanced stage of assessment and is ready for development. The company received a preliminary award of the Teodorico Production Concession last year and is...
New CGG GeoSoftware Technology ‘Drives Greater E&P Efficiency’
CGG GeoSoftware has announced new releases across its entire geoscience portfolio. Its complementary HampsonRussell, Jason, PowerLog, InsightEarth, VelPro, and EarthModel FT solutions are the industry’s preferred set of tools and support for multi-disciplinary teamwork at every stage from exploration and development to life-of-field production management.
In a media release CGG said recent developments “bring exciting new capabilities within each individual solution while offering...
AWU’s gas campaign – ‘a bad idea reheated and served up again’
The Australian Petroleum Production and Exploration Association has torpedoed the ‘Shipping Away Our Competitive Advantage’ report released by the Australian Workers’ Union, saying the release “confirms that the AWU’s campaign to control gas exports is disconnected from economic reality”.
“The AWU report’s central claims do not withstand scrutiny,” said APPEA Chief Executive Dr Malcolm Roberts.
“The report ignores the latest independent data, such as the Gas Price...
CGG and Ardiseis complete highest-density seismic survey ever acquired
CGG, its technology partner, and Ardiseis, subsidiary of the Arabian Geophysical and Surveying Company (ARGAS), the Middle East’s seismic acquisition specialist, have announced the successful completion of the world’s highest-density broadband seismic survey ever acquired onshore or offshore.
The ultra-high density of the data recorded on the West-Kalabsha survey on behalf of Apache Corporation (Apache) heralds a step-change in the quality of seismic that can be economically acquired...
CNOOC plans 132 exploration wells and will splash out up to $12.7B in 2018
China National Offshore Oil Corporation (CNOOC) has announced that it will drill up to 132 exploration wells in 2018 and that it will also bring five projects into production.
The giant Chinese oil and gas major said it will acquired about 19000km² of 3-D seismic data as it also strives to bring the Hess-operated Stampede oil field in the United States, the Weizhou 6-13 oil field, Penglai 19-3 oil field 1/3/8/9 comprehensive adjustment project, Dongfang 13-2 gas fields and Wenchang...
‘AWU missing the point with calls to curb gas exports’
The Australian Workers’ Union should be calling for the immediate removal of state government-imposed bans on natural gas development instead of demanding heavy-handed restrictions on gas exports.
APPEA Chief Executive Dr Malcolm Roberts said the gas reservation policies being pushed by the AWU would discourage investment in new domestic gas supply, drive up energy costs for businesses and families and, ultimately, cost union members their jobs.
Dr Roberts said the AWU was relying on...
Prime time live-streamed Mexican acreage bids up for grabs
Mexico, currently a global hotspot for exploration, will tomorrow open bids for awarding its deepwater oil and gas exploration acreage as it enters the Fourth Tender of Round 2.
Tenders will be made for license contracts in 29 offshore contractual areas in the oil provinces of Perdido, Mexican Cordilleras and the Salina Basin.
The Comisión Nacional de Hidrocarburos (CNH) has released a list of the nine individual companies that qualified for bidding; BHP Billiton, CNOOC, ExxonMobil,...
Cairn sees the start line for SNE development
Cairn Energy has flagged development approval for the SNE field offshore Senegal - which counts Woodside, Far and Petrosen as JV partners - by the end of 2018.
This follows the third phase of a completed offshore drilling program to further evaluate the SNE field using the Stena Drill Max drillship and an operational update from the independent UK-based independent aiming to expedite developments at SNE.
Cairn, as operator, said as part of its three-year evaluation work plan submitted...
PO Valley advances Saffron Energy expansion with binding deals and £14m capital raise
Shareholders in Australian gas producer, Po Valley Energy have moved a step closer to benefiting from a three-way deal to become part of a larger European energy play under formal contract signings announced recently.
Perth-based Po Valley said the signed binding Share Sale and Purchase Agreement with AIM-listed Saffron Energy meant Saffron would acquire onshore and offshore oil and gas production, development and exploration assets in northern Italy held by Po Valley Operations, a...
Astronaut Reilly set for lift-off as US Geological Survey Director
Former astronaut, geologist and current technical adviser to the United States’ Air Force National Security Space Institute, James Reilly, is set to become director of the US Geological Survey.
This was revealed by the Trump administration, with the White House announcing on Friday that it would nominate Reilly for the role.
Reilly spent 13 years at NASA during which time he participated in three spaceflight missions in which over 856 hours of spacewalks were recorded, the White...