PGS has launched a scheme of arrangement in England via the issuance of a practice statement letter to the lenders under its ~$350 million revolving credit facility and ~$522 million term loan B facility.
PGS said it was proposing the scheme in order to implement the financing transaction announced on October 21, 2020 as contemplated in the Lock-Up Agreement dated October 21, 2020.
“As of the date of this announcement, lenders representing 95.4% by value of debt and 99.5% by...
South Australia is calling on mineral exploration companies to submit innovative proposals to Round Two of the Accelerated Discovery Initiative.
Minister for Energy and Mining Dan van Holst Pellekaan said the second round of the globally recognised initiative will provide $4.5 million to partner with explorers undertaking frontier exploration projects across South Australia.
“Following the success of round 1, the State Government has increased funding of round 2 to...
Shearwater GeoServices has been awarded a large Ocean Bottom Node 4D Baseline survey over the Jubarte Field in the Campos Basin offshore Brazil.
Shearwater said it had positioned itself as a leading player in the deepwater OBN market, building on its established leading positions in the hybrid and shallow water ocean bottom seismic markets.
Shearwater CEO Irene Waage Basili said: “We welcome this contract awarded by Petrobras and look forward to supporting their continued...
Subsurface Imaging, part of CGG’s Geoscience division, has been awarded two large-scale complex seismic reprocessing contracts by PTTEP.
CGG said that PTTEP was investing in the rejuvenation of pre-existing data sets from two regions offshore Malaysia by leveraging CGG’s recognized high-end imaging technology and long-standing processing experience in SE Asia.
Over the course of the next year, CGG, through its offices in Kuala Lumpur, will conduct merged reprocessing of surveys...
APPEA said it was delighted to announce the re-election of Kevin Gallagher as Chairman and Ian Davies as Vice Chairman following APPEA’s recent Annual General Meeting.
Mr Gallagher, Managing Director and Chief Executive Officer of Santos, continues in his second term as APPEA’s Chairman along. Mr Davies, Managing Director & Chief Executive Officer of Senex Energy, who also continues for a second term as APPEA’s Vice Chairman. Mr Gallagher and Mr Davies were first elected to...
ASX-listed Elixir Energy has intersected 27 metres of coal in the Yangar 1S strat-hole well during continuing exploration of its Mongolian acreage.
The Yangar 1S strat-hole well is currently being drilled in a new sub-basin located some 24 kilometres to the West North West of Nomgon-1. To date 27 metres of coal have been intersected. As of Saturday morning, the well was at 347 metres.
The company’s well site geologist has observed very active gas bubbling from coals...
Shearwater GeoServices has announced the award for a large towed streamer 3D acquisition and Fast Track processing project by Total E&P Senegal (“Total”).
The exploration survey covers 5,000km² in the UDO Block Exploration area, offshore Senegal. The data acquisition will be carried out by the SW Empress using an ultra-wide tow Flexisource configuration together with Fast Track processing enabled by Shearwater’s proprietary Reveal software.
“We are...
Geoscience data service provider Searcher has entered into a strategic partnership with upstream explorer NVentures for hosting and integrating the NVentures competitor intelligence database on its advanced geo-imagery search engine - GeoClerk.
The partnership will provide users of GeoClerk with the ability to add the NVentures database onto their GeoClerk subscription. Searcher said that in doing so, users will be able to search for geo-imagery through GeoClerk’s open-file database...
Energy Networks Australia (ENA) has welcomed the focus in the latest Grattan Institute report on renewable gas to help decarbonise Australia’s energy sector.
ENA Chief Executive Officer, Andrew Dillon said networks were already delivering projects to support the greening of our gas networks, including injecting renewable gas into networks.
As highlighted in the recent Gas Vision 2050 report, transformational technologies such as hydrogen, biomethane, carbon capture and storage and...
Sercel has announced the sale and delivery of a WiNG wireless land nodal seismic acquisition system to Paragon Geophysical Services.
Sercel announced that Paragon had selected its latest nodal technology to conduct high-production seismic surveys across the USA and to provide their clients with “the most accurate seismic acquisition data. This is achieved through the key advantages of WiNG’s System-Certified Data delivery and the proven high performance of Sercel’s QuietSeis®...