Latest News

CGG Commences Côte d’Ivoire Reimaging Project near Baleine Field

02/10/2023 Posted by Dale

CGG has announced the start of a major new multi-client 3D PSDM reimaging program in the Tano Basin offshore Côte d’Ivoire in association with the country’s Direction Générale des Hydrocarbures (DGH) and national oil company, PETROCI Holding (PETROCI).

The 6,400 sq km reimaged seismic data set near the recent world-class Baleine field will give interested industry operators unique insight into this high-potential new play. The project is supported by industry funding and expected to complete by the end of 2024, with a fast-track volume available in Q1 2024.

CGG will draw on its two decades of geoscience experience in Côte d’Ivoire to reimage the 3D seismic data with its latest proprietary technologies, including time-lag FWI, QFWI, and the potential application of targeted FWI imaging. T

IEA Confirms Natural Gas, CCUS and Low-Carbon Hydrogen Key to Net Zero

02/10/2023 Posted by Dale

The International Energy Agency (IEA) has confirmed natural gas, carbon capture technology and all low-carbon hydrogen pathways will be needed if the world is to reach net zero by 2050.

China Oil Demand Heading for Inflection Point

25/09/2023 Posted by Dale

Within three to five years, China will no longer be the bedrock of the oil industry as demand in the world’s second largest economy is set to peak and then go into decline.

Tamboran Spuds Amungee 3H

25/09/2023 Posted by Dale

Tamboran Resources has spudded the Amungee 3H Well at its 38% owned EP 98 Permit in the Betaloo Basin with the Helmerich & Payne superspec Flex 3 Rig.

Hydrogen Hub Gets Green Light for South Australia

25/09/2023 Posted by Dale

Australian Prime Minister Anthony Albanese has announced a largely federal government funded initiative to develop a hydrogen hub in South Australia.

The Hydrogen and Renewable Energy Bill Has Entered Parliament

18/09/2023 Posted by Dale

After widespread public and stakeholder consultation, South Australia said it was pleased to announce that the world-leading Hydrogen and Renewable Energy Act Bill has been introduced to the South Australian Parliament.

‘Australian Energy Producers’ is Revealed as New Name for APPEA

18/09/2023 Posted by Dale

Australian Energy Producers has been unveiled as the new name of the peak body of the nation’s explorers and producers of essential energy.

PGS and TGS Combine to Form Single Energy Data Company

18/09/2023 Posted by Dale

TGS ASA and PGS ASA have announced that they have agreed the principal terms of a combination of TGS and PGS to create a strong full-service energy data company.

GECF announces key milestone: 7th Summit of Heads of State Date in Algeria

12/09/2023 Posted by Dale

All eyes will be on Vladimir Putin's movements as the Gas Exporting Countries Forum convenes the 4th High Level Ad-Hoc Working Group meeting at the GECF Secretariat.

All is Quiet Except on the Western (Australian) Front

11/09/2023 Posted by Dale

Strikes are the only thing keeping shoulder season prices buoyant. Volatility has returned to gas markets as workers at Chevron’s Wheatstone platform and LNG facility, as well as the Gorgon LNG facility, went on strike on 8 September after the five-day negotiations with the US supermajor failed.

In a gas and LNG market update, Rystad Energy’s vice president Kaushal Ramesh noted that the front-month Title Transfer Facility (TTF) had opened at over $12 per million British thermal units (MMBtu) on 8 September - 25% lower than the recent high on 22 August when concerns over the impact of the strike were only pervasive.