Shearwater has announced announce a more than sevenfold increase in 2020 backlog to 65 vessel-months at the start of 2020, up from nine vessel-months at the same time a year ago.
This backlog includes 24 months of the minimum commitment in the recently signed capacity agreement with CGG for two vessel-years annually over a five-year period. The backlog numbers exclude WesternGeco minimum commitment.
Shearwater said the backlog expansion reflects growing demand for marine seismic,...
CGG has completed its exit from the seabed data acquisition business and terminated the Seabed Geosolutions’ joint venture agreement.
The Paris-headquartered geophysical services company said that in line with its strategy to exit the data acquisition business, which was effective from December 31, 2019, the company had agreed to transfer its 40% shareholding in Seabed Geosolutions to Fugro before the end of the first quarter of 2020.
In addition, it was agreed...
Fugro has successfully completed the first deepwater autonomous underwater vehicle (AUV) site survey for Brunei Shell Petroleum Company Sdn Bhd (BSP).
Ceri Powell, BSP’s Managing Director, delivered a congratulatory note acknowledging the quality of Fugro’s work and HSSE leadership shown throughout the campaign. BSP’s Project Lead Bilman Pardomuan Hutabarat commented: “This campaign was the first deepwater survey project for Shell in Brunei and its success will lead to many more...
Australia has officially become the world’s largest exporter of Liquefied Natural Gas (LNG) on an annualised basis.
In sending overseas, an estimated record 77.514 million tonnes (Mt) of locally produced LNG in calendar 2019, Australia edged out former No. 1 LNG export titleholder Qatar, expected to produce 75Mt in 2019.
The 2019 Australian LNG exports were more than twice those of the United States, the world’s other fast-growing LNG producer. The US...
Shearwater has announced the award of hybrid node and towed streamer seismic survey by Repsol Oil & Gas Malaysia Limited. The survey is scheduled for the first quarter of 2020 and is expected to take two months to complete.
The project covers approximately 1,000km² of ocean bottom and towed streamer seismic on Repsol’s operated block offshore Peninsular Malaysia. The Multi-Purpose Vessel (MPV) SW Vespucci will acquire the seismic using Flexisource triple source in combination with...
Chevron and BP will invest $116.5 million on oil and gas exploration in Australia, with the focal point being South Australia as both oil and gas majors endeavour to shore up future energy supplies to eastern states.
This was revealed in a joint statement by Minister for Resources and Northern Australia Matt Canavan and South Australian Minister for Energy and Mining Dan van Holst Pellekaan.
The announcement followed the conclusion of Good Standing Agreement negotiations between both...
Natural gas production for Northwest Europe is forecast to decline by approximately 25% from current levels over the next five years as upcoming projects struggle to offset overall declines, according to data and analytics company, GlobalData.
The company’s report, ‘2019 Northwest Europe Upstream Development Outlook – Surge in New-Build Oil and Gas Project Starts for 2020’, reveals that gas production fell year on year over the last two years, a trend that is set to continue over...
CGG has completed JumpStart™ multi-client geoscience packages for the North West Shelf (NWS) of Australia and the Banda Arc in the Asia-Pacific region. Both packages are now available and enhance understanding of the prospectivity of these two high-potential regions, allowing the assessment of exciting new plays, the Paris headquartered company said.
JumpStart packages mobilize the full suite of CGG’s geoscience capabilities to accelerate and support exploration efforts. They integrate...
Senex Energy has announced an expansion of its natural gas sales agreement with Orora Limited, agreeing to supply 13.2 petajoules of natural gas from Project Atlas.
On 1 May 2019, Senex announced a two-year gas sales agreement with Orora for supply of 3.3 PJ of natural gas from 1 January 2020.
Senex and Orora have now agreed an expanded gas sale agreement, with Senex to supply a further 9.9 PJ of natural gas from Project Atlas over six years from 2022 to 2027, bringing the total...