The leading representative body for the UK’s offshore oil and gas industry has repeated calls to campaign groups to meaningfully engage with the sector to ensure a fair and positive transition for energy communities.
The call comes after a report published by Friends of the Earth Scotland, Greenpeace and Platform failed to note the progress that is being made to support workers to move between renewables, oil and gas, and nuclear.
OGUK today said it intends to respond to the report...
HE Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) participated in the G20 Energy Ministerial Meeting and reaffirmed its commitment to greater international cooperation in ensuring the resilience of energy systems and affordable and secure energy for all.
In a media release, the GECF said the two-day deliberations had acknowledged the impact of the Covid-19 pandemic on energy markets and paved the ways for the sector’s recovery efforts. The meeting...
Global economic slowdown has led to reduced demand for LNG produced in the United States. As a result, LNG exports from the country are likely to remain low in the near future, says data and analytics company, GlobalData.
Haseeb Ahmed, Oil and Gas Analyst at GlobalData, comments: “Significantly low prices of gas along with an LNG supply glut has pushed companies to revisit their capex spends on upcoming multi-billion-dollar gas projects.
In March 2020, Royal Dutch...
CGG GeoSoftware has launched WellPath, a new interactive 3D well path planning solution for optimal well planning in unconventional and fractured reservoirs and offshore development platforms, as part of its InsightEarth® 3D visualization and interpretation software suite.
CGG said that WellPath shows the complexity of the subsurface drilling environment in 3D so that drillers can quickly plan and QC horizontal wells on high-density, multi-lateral pads or large offshore platforms....
Senex Energy is set to create 100 jobs and support hundreds of manufacturing roles after winning a competitive tender for gas acreage that will expand its successful Atlas domestic gas project.
The Queensland natural gas company has also announced that it has a supply agreement with the sustainable lube-oil recycling firm Northern Oil Refinery in Gladstone, on Queensland’s central coast. The agreement supports more than 30 jobs at the refinery and hundreds more at collection depots...
CGG has announced delivery of fast-track results from its recently acquired 3D multi-client seismic survey of the Gippsland Basin and says the broadband data will enable informed decisions when bidding on blocks in this prolific, hydrocarbon-producing area.
This industry-first basin-wide survey over ~8,700 sq km was successfully completed in July 2020 and has strong industry support with significant prefunding. It represents Phase II in CGG’s Gippsland ReGeneration reprocessing and...
PGS ASA has reached an important milestone in discussions with its lenders. The company has come to an agreement in principle on main terms with the negotiation teams of the finance parties under its ~$300 million export credit facilities (“ECF”), and a majority of the lenders under its $350 million revolving credit facility (“RCF”) and ~$520 million term loan B facility (“TLB”).
PGS said the agreement in principle remains subject to lenders’ internal approvals and...
APPEA says the recently released Resources and Energy Quarterly September 2020 confirms the ongoing critical role resources exports will play in supporting the recovery of the Australian economy as it emerges from the COVID-19 global pandemic.
According to the Department of Industry, Science, Energy and Resources, the value of Australia’s resources and energy exports set a record of $290 billion in 2019-20. Liquefied natural gas (LNG) exports have more than doubled over the last few...
The Australian Government has outlined key steps to help grow Australia’s oil and gas industry, APPEA has said in response to support to develop strategic gas basins in the eastern states.
“The announcement is a good first step to reinvigorate Australia’s oil and gas industry, which will be important to help power Australia’s economic recovery,” said APPEA Chief Executive Andrew McConville.
“Reliable and competitively priced energy is crucial to the health of our...
Airborne gravity surveys are preparing to be flown across large regions of Victoria.
The airborne surveys are being collaboratively organised through Geological Survey of Victoria within the Department of Jobs, Precincts and Regions (DJPR), Surveyor-General Victoria within the Department of Environment Land Water and Planning (DELWP) and Geoscience Australia (Commonwealth Government).
The Department of Environment, Land, Water and Planning said the objective of the project is to...