Norwest has completed a successful bookbuild to raise $2 million (before costs) through a placement of shares to a range of sophisticated and institutional investors, including major shareholders, to fund drilling costs of the Lockyer Deep-1 exploration well in the Perth Basin.
Norwest's has a 20% interest in Lockyer Deep-1 , located on EP368 on trend with three significant recent discoveries, for which drilling is targeted during the first half of 2021.
Norwest said funds will...
CGG has become a member of Amira, an independent global not-for-profit organization representing members from the mineral resources industry seeking to enhance, sustain and deliver transformational R&D, innovation and implementation to the benefit of society.
CGG said that as part of its membership, CGG’s Minerals & Mining group is sponsoring an independent industry research program developed in response to several recent and well-documented accidents and catastrophic failures at mine...
EnergyQuest estimates that Australia exported a record 78.0 Mt of LNG in 2020, up from 77.5 Mt in 2019. This is a good result given the disruptions to Gorgon, the fact that Prelude hadn’t produced since early February, issues seen at Wheatstone with reduced production, and the COVID-19 destruction of LNG demand, particularly early in the year.
Australian production was above Qatar nameplate capacity of 77 Mtpa. (The precise level of Qatar LNG exports is uncertain because Qatar does not...
Searcher has launched new data layers functionality on its on-demand seismic web platform, sAIsmic, from Searcher’s partnerships with MapStand and NVentures.
The new MapStand and NVentures layers functionality on sAIsmic with an info tab that allows users to view blocks, wells and field information, anywhere in the world, providing valuable location context for sAIsmic users.
“We are very excited to have launched this latest functionality on sAIsmic through the partnerships...
PGS expects to report segment revenues for Q4 2020 of approximately $158 million. Contract revenues ended at approximately $21 million. MultiClient pre-funding revenues were approximately $61 million and MultiClient Late Sales approximately $70 million.
“We achieved a sequential revenue increase from our vessel operations in Q4, and a MultiClient pre-funding level benefitting from additional sales from ongoing surveys. Our MultiClient Late Sales more than doubled, compared to the...
Searcher has announced a new onshore Peru Campaign, in collaboration with PeruPetro S.A. 2D & 3D Seismic Rectification and a Well Atlas including post-drill analysis to provide a renewed and enhanced dataset to support future bid rounds, regional evaluations and due diligence of existing commercial opportunities.
The Onshore Peru 2D & 3D Rectification consists of both 2D and 3D vintage seismic data which has been rectified with Searcher’s proprietary post-stack reprocessing method. The...
The eagerly-anticipated Ironbark exploration well offshore north-western Australia has failed to produce hydrocarbon discoveries and will be plugged and abandoned.
The well in WA-359-P had hoped to discover up to 15Tcf of gas, measuring up to Gorgon and was drilled to a total depth of 5,618m, intersecting the primary target of the Mungaroo Formation at 5,275m.
However, Beach Energy announced the disappointment last week, saying in a statement: “no significant hydrocarbon shows were...
Santos has made a final investment decision for the $306 million, Phase 3C infill drilling program at the Bayu-Undan field in the Timor Sea offshore Timor-Leste.
The Adelaide-based company said the program would include three production wells (two platform and one subsea) to develop additional natural gas and liquid reserves, extending field life as well as production from the offshore facilities and the Darwin LNG plant.
Santo, with 68.4 per cent of the Bayu-Undan joint venture,...
Shell has sold a 26.5% interest of its 100% stake in Queensland Curtis LNG (QCLNG) project to Global Infrastructure Partners Australia for $3.25 billion in a deal which includes LNG storage tanks, jetties and operations infrastructure.
“This decision is consistent with Shell’s strategy of selling non-core assets in order to further high-grade and simplify Shell’s portfolio,” Shell said in a statement.
“The sale will contribute to Shell’s expected divestment proceeds,...
Prelude has resumed LNG cargoes shipments after being offline for 11 months as a result of technical issues, Royal Dutch Shell announced this week.
Prelude was forced to suspend production last February after an electrical trip and subsequently faced a series of technical issues that delayed the restart.
However, Shell said that Prelude was back in production and on January 8 the LNG tanker Symphonic Breeze loaded a cargo destined for Japan.
The restart couldn’t have come at a...