CGG has announced the commencement of a new multi-client 3D survey in the Northern North Sea. The survey will provide a second azimuth over CGG’s existing Northern Viking Graben (NVG) multi-client 3D survey and extend into open acreage on offer in the UK 32nd License Round.
The new survey will acquire approximately 2,000 sq km of additional data in an E-W direction. This new data will be processed together with the existing N-S data, using CGG’s latest velocity modelling and imaging...
A total of 18 planned and announced Floating Production Storage and Offloading (FPSO) projects are expected to be deployed offshore Brazil during the outlook period 2020–2025, the highest among the countries globally, according to GlobalData.
The company’s report: ‘Global FPSO Industry Outlook, 2020−2025 – Petrobras Drives Global Upcoming FPSO Deployments’ reveals that Brazil also leads the crude production capacity globally through upcoming FPSOs with more than 2,000...
Shearwater GeoServices has announced an award for a large towed streamer 3D acquisition and Fast Track processing project by Total.
“This award confirms that our strong client focus and leadership of the consolidation in the marine geophysical industry, has positioned us well to navigate through these challenging times,” said Irene Waage Basili, the CEO of Shearwater GeoServices.
The exploration survey covers 6,000 sq. km in the C15 and C31 Blocks using an ultra-wide tow...
Blue Energy has commended the announcement from Queensland Premier, Annastacia Palaszczuk, that the Queensland Government will invest $5 million in a concept study to investigate the feasibility and options for a new transmission pipeline south, to connect the Bowen Basin’s gas reserves to the east coast of Queensland.
The commitment was contained in the “Queensland’s Economic Recovery Plan”, released by the Premier.
Blue said it had regularly commented on the enormous gas...
Shearwater GeoServices Holding AS has received an award for a towed streamer 3D acquisition by SK Innovation Co., Ltd, the operator of Vietnam Block 16-2.
“This will be Shearwater’s first seismic survey in Vietnam and our first project for our new client SK Innovation” said Irene Waage Basili, the CEO of Shearwater GeoServices.
“We are well-established in South East Asia and look forward to further expanding our regional operations through this new survey.”
The...
EnergyQuest says cargo shipped from the Shell-operated QCLNG project at Gladstone in Queensland and transported aboard the Sevilla Knutsen represented a milestone, first LNG export from Australia to Chile.
The tanker docked at Quintero, Chile on 15 August after a 24-day voyage of more than 13,500 nautical miles. QCLNG cargoes generally go to China and Japan.
Quintero mostly imports LNG cargoes from the Atlantic Basin.
EnergyQuest said that in 2019, it imported...
In the most challenging market conditions facing the Western Australian economy for a generation, the WA Government’s decision to place restrictions on the development of a potential new energy resource runs counter to the Government’s COVID-19 recovery plans of stimulating the economy and creating jobs.
APPEA’s WA Director Claire Wilkinson said: “As we look to the post-COVID-19 recovery, all responsible development, including of WA’s onshore natural gas resources and the...
Geoscientist employment in Australia improved in the second quarter of 2020. Nationally, unemployment decreased to 8.6% from 10% in the March quarter, while underemployment also fell to 17.4% from 18.1% for the period.
AIG President, Andrew Waltho, described the improvement as most welcome. “The level of improvement observed in the survey results was small but defied the increase in unemployment observed in the Australian community as a whole, and the sharp downturn in economic...
PGS has reviewed, assessed and rejected an offer from TGS-NOPEC to acquire its MultiClient data library.
PGS said the board “is of the view that the value of the company’s multiclient data library is significantly greater to PGS than that represented by the TGS proposal, and that the timing of the proposal is opportunistic given the current market backdrop and macro-economic environment”
In a statement PGS added that having consulted with its financial and legal advisers, “the...
The latest Australian Competition and Consumer Commission’s (ACCC) Gas Market Inquiry 2017-2025 report has confirmed for the eighth consecutive time that there is no shortfall in the domestic gas market.
The ACCC report again highlighted actions taken by the oil and gas industry to bring more natural gas into the local market will continue natural gas supply, ensuring domestic gas supply with a surplus of gas available to the domestic gas market.
APPEA Chief Executive Andrew...