DUG Technology has signed a deal with Japanese energy company INPEX to provide HPC cycles and software using DUG McCloud.
DUG Technology Managing Director Matt Lamont said the INPEX collaboration had the potential to lead to the DUG McCloud platform being used for other INPEX projects as part of a long-term relationship.
INPEX tested the platform at DUG’s headquarters in Houston before signing the contract.
“We know that once prospective clients try the software, test the...
Katalyst Data Management has announced the launch of their new Katalyst 360 data analytics platform for the oil and gas industry.
Katalyst said This self-service data analytics environment “provides a 360-degree view of how subsurface data assets are being utilized within an organization. Katalyst 360 greatly expands the utility of Katalyst’s data management solutions, giving oil and gas companies the ability to gain greater insight into their valuable subsurface data assets.”
LNG import terminals have once again been flagged as a critical component of Australia’s imminent gas supply needs, especially for the State of Victoria.
In its latest report, New EnergyQuest has predicted that gas production offshore Victoria will start to decline ~2023, with Cooper Basin gas following suite around 2026. At this juncture, the southern states could be staring down an energy crisis barrel, with New South Wales’ Narrabri Project insufficient to meet demand should...
Senex has taken a Final Investment Decision to increase its gas production near Roma, in south-west Queensland, by 50 per cent.
About 50 construction jobs are set to be created and more than $30 million will be invested in expansion of the natural gas processing facility at the Roma North development, drilling of wells and construction of supporting infrastructure. The expansion is expected to be finished within the next year.
The announcement comes after Senex said last month it was...
CGG Geoscience has announced that its Smart Data Solutions (SDS) business group has recently been awarded data management contracts representing a total backlog of about $10 million. Given the current industry context, these awards reflect the continued high priority that clients have on digitalizing and thus enhancing the value of their legacy data.
The most significant contract is for a global framework agreement signed with a major international energy company that provides for the...
A professor of applied mathematics at The University of Western Australia has been elected a Fellow of the American Physical Society, one of the world's largest organisations for scientists.
Professor Snezhana Abarzhi from UWA’s School of Mathematical Sciences is a leading mathematician and physicist whose research focuses on the theoretical analysis of complex systems in relation to plasmas, fluids and materials.
The appointment recognises Professor Abarzhi’s ongoing leadership...
Western Australia’s 2020-21 State Budget reinforces the critical role oil and gas plays in supporting local jobs and the economy, highlighted by the recent challenging months of the COVID-19 pandemic as well as the need for natural gas to generate low emissions baseload power as the economy recovers.
APPEA WA Director Claire Wilkinson said the 2020-21 Budget demonstrated the important contribution the industry makes to the State’s bottom line, with Treasurer Ben Wyatt acknowledging...
According to the research data analyzed and published by StockApps.com, Saudi Aramco’s profits dropped by 50% to $23.2 billion in H1 2020. During H1 2019, net income was $46.9 billion. Q2 2020 saw an even bigger decline at 73%, from $24.7 billion to $6.6 billion.
The company’s performance reflected the devastating condition in oil markets. According to the Organization of the Petroleum Exporting Countries (OPEC), Brent crude was priced at $68.44 at the start of 2020. It had dropped...
PGS expects to report Segment* revenues for Q3 2020 of approximately $115 million. Contract revenues ended at approximately $9 million. MultiClient pre-funding revenues were approximately $52 million, from a capitalized MultiClient cash investment of approximately $57 million. MultiClient late sales were approximately $26 million.
Q3 2020 revenues include approximately $23 million of government grants related to the Covid-19 pandemic. The government grants are recorded as Other...
APPEA has welcomed approval of the Santos Narrabri Gas Project by the Independent Planning Commission as an “important step towards supporting jobs and economic recovery in NSW”.
APPEA Chief Executive Andrew McConville said the project will unlock natural gas reserves to supply NSW homes, small businesses, major industries and electricity generators with up to half the state’s natural gas needs, bringing substantial economic benefits to Narrabri and the region.
“The...