The Australian Government should embrace measures for long-term business investment that will ensure sustained job creation and economic growth for Australia, according to APPEA’s 2021-22 pre-Budget submission.
Acknowledging the Government’s actions taken during 2020 and as part of the previous Federal Budget, APPEA has made a number of recommendations to the Government that build on the success of these reforms.
APPEA’s five key recommendations will help to create certainty for...
Shearwater GeoServices Holding AS has announced the award of a marine seismic 3D survey in South East Asia.
Shearwater did not give any details of the precise survey location, or the schedule, but said the two-month project would commence in the second quarter of 2021, covering approximately 1,500 sqkm.
Multi-Client Resources (MCR), in collaboration with DUG, has commenced a very large 3D seismic reprocessing project over the hydrocarbon prolific Northern Carnarvon Basin, Northwest Shelf, Australia.
The Barrow-Exmouth “BEX” Multi-Client 3D Project incorporates 23 legacy 3D surveys, reprocessed using DUG’s advanced Broadband, least-squares anisotropic PreSDM and high frequency FWI imaging technology to produce one seamless 26,400 square kilometer 3D seismic dataset over the major...
Aligned with the company’s longstanding commitment to act responsibly and minimize the impact of its activities on the environment, in every sector of its business, CGG has announced its pledge to become carbon neutral by 2050 in scopes 1 & 2 of the Greenhouse Gas (GHG) Protocol.
CGG said that company-wide efforts are focused on continuing to improve the power usage efficiency of its data centers, offices and factories, along with increasing the share of sustainable energy in its...
Polarcus has defaulted on US$130 in debt repayments and announced that it was halting all interest and instalment payments to lenders.
On the Oslo Stock Exchange, Polarcus shares dived 30% as the company went into a trading halt, before emerging to announce that lenders had taken over six of its vessels.
The lenders are now in control of Polarcus’ Shipholding and the seismic vessels; Polarcus Asima, Polarcus Amani, Polarcus Adira, Polarcus Nadia, Polarcus Alima and Polarcus Naila.
A farm-out deal with Origin Energy has put Buru Energy in the starting blocks for an expanded exploration program in the Canning Basin during 2021.
With a solid balance sheet, no debt and a committed new partner, Buru Energy said it would be targeting two conventional oil exploration wells at Kurrajong 1 and Rafael 1,
Buru Executive Chairman, Eric Streitberg, said: “The last quarter of 2020 was a seminal period for the company with the execution of a transaction with Origin Energy...
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...