Latest News

CGG Delivers 9,300km² of Data from Agata Reimaging to Support Brazil’s Bidding Round

02/05/2021 Posted by Dale

CGG has announced delivery of the fast-track data from its Agata Reimaging program over the Agata block in the Santos Basin, a highly prolific area of Brazil’s offshore pre-salt.

The ultramodern reimaged seismic data set covering over 9,300km² will provide valuable information to oil and gas companies wishing to evaluate acreage and assess the potential of the Agata block, prior to Brazil’s upcoming 7th Production Sharing Bidding Round.

The Agata prospect is composed of ultra-deep pre-salt targets located below a highly deformed salt layer.

Shearwater GeoServices acquires Polarcus’ assets

30/04/2021 Posted by Dale

Shearwater GeoServices has announced two transactions to take over marine seismic acquisition assets previously owned by Polarcus, from Tiger Moth AS, a company affiliated with Woodstreet Inc.

Shearwater said it had acquired streamers and related seismic equipment for a total cash consideration of USD 50 million. The company also purchased six seismic acquisition vessels for a total consideration of US$127.5 million.

The transactions are financed through a new vessel loan facility provided by DNB and GIEK of US$107.

Melbana sells Beehive to US heavyweight EOG Resources

28/04/2021 Posted by Dale

Melbana Energy has concluded a sale and purchase agreement (SPA) with Houston-based Fortune 500 company EOG Resources to sell its WA-488-P permit which comprises the Beehive prospect.

The deals marks EOG Resources first venture in Australia after a sale that was conducted by Melbana subsidiary Finniss Offshore Exploration and EOG’s Australian arm.

Beehive, located in around 40 metres of depth, is one of the largest undrilled hydrocarbon prospects in Australia with prospective resources ranging from 416MMboe to 1.4 billion boe.

Total declares Force Majeure on US$20 billion LNG plant in Mozambique

27/04/2021 Posted by Dale

French supermajor Total has declared Force Majeure on its Mozambique-led LNG plant and withdrawn all of its staff from conflict zone areas close to the construction site.

This follows the killing of dozens of people in the town of Palma in March in the northeastern part of the east African country which is a focal point for three major LNG projects worth US$60 billion.

Total said of the latest decision: “Considering the evolution of the security situation, Total confirms the withdrawal of all Mozambique LNG project personnel from the Afungi site.

Senex boosts production, announces first-ever dividend

27/04/2021 Posted by Dale

Senex Energy has announced that third-quarter natural gas production increased by 8% in the third quarter of 2020.

The Brisbane-based gas producer said that its total production was up to 4.6 PJ during this period and peak production reached nameplate capacity in the Surat Basin of 52 TJ/day (~19 PJ/year).

This put Senex in a buoyant net cash position of $36 million at the end of the quarter and in a position to announce inaugural dividends.

Managing Director Ian Davies commented: “Senex continued its quality operational and financial performance from our high-growth, low-risk natural gas assets, growing production and declaring a dividend for the first time.

Oil and gas industry ‘leads in hydrogen and carbon capture’

27/04/2021 Posted by Dale

Australia’s peak body for the oil and gas industry said the announcement of $539.2 million in new hydrogen and carbon capture, use and storage projects by the Morrison Government was a massive boost for the industry and will help to further cut Australia’s emissions.

APPEA Chief Executive Andrew McConville said many of the association’s members are already at the forefront of hydrogen development and carbon capture solutions and this announcement will help accelerate development.

CGG and dCarbonX Sign Strategic Agreement for Decarbonisation Exploration

27/04/2021 Posted by Dale

CGG has signed a strategic agreement to support dCarbonX in the subsurface assessment of its operated clean energy projects offshore Ireland and the UK (which include geothermal energy and storage sites for CO2, hydrogen and ammonia). Such projects are critical in the ongoing energy transition from fossil fuels to renewable energy systems.

CGG brings its integrated geoscience solutions to help identify and de-risk subsurface storage, sequestration and geothermal energy sites utilizing its proprietary expertise in geological, geophysical, engineering, modelling and monitoring technologies, including instrumentation from Sercel, its equipment division.

dCarbonX is pioneering offshore decarbonisation exploration as a new, innovative, and sustainable enabler of the energy transition.

Halliburton signs eight-year contract with Norwegian Petroleum Directorate

20/04/2021 Posted by Dale

Halliburton has signed an eight-year contract with the Norwegian Petroleum Directorate (NPD) to deploy and operate Diskos, the Norwegian national repository of seismic, well, and production data for the oil and gas industry.

Halliburton Landmark said it would deliver Diskos 2.0 using DecisionSpace® 365 cloud services in iEnergy® – the industry’s first E&P hybrid cloud.

“The cloud native services are Open Subsurface Data Universe™ compliant and provide high quality data, security and governance so users can easily access, visualize, and interpret data from the Norwegian Continental Shelf,” the Houston headquartered company said.

The open architecture and scalability of the service enables workflows across the repository and operator systems on premise, or in the cloud, to support efficient, effective and agile operations.

Taurob and Equinor introduce autonomous robots on Norway’s offshore platforms

20/04/2021 Posted by Dale

Equinor is introducing autonomous ATEX-certified robots for inspection and maintenance on their oil and gas installations.

The partner in the project is inspection robotics specialist Taurob of Austria. Its robot will be used to conduct routine inspection and maintenance tasks on offshore installations.

Taurob initially developed robotics for human safety, particularly in emergency response situations, 11 years ago. Safety is also the main driver for the energy domain to step into robotics and ‘Taurob Inspector’ was the result of an intensive two-year collaboration between Taurob, French energy giant Total and UK's OGTC.

Total was the first energy major to implement robotic inspection on their plant in the North Sea's Shetland Islands.

Elixir exploration program steams ahead in Mongolia

20/04/2021 Posted by Dale

With shares trading at an eight-year peak and aiming higher, Elixir Energy has provided an update on its largest exploration program to date in Mongolia.

The Adelaide-headquartered explorer launched the exploration and appraisal program across its 100%-owned Nomgon IX CBM PSC, where the spudding of two exploration wells is imminent.

The first well in the 2021 drilling program, Yangir-2, has just been finished and the Yangir depocenter has proven to be highly fractured and hosting of gaseous rocks, which is encouraging for permeability and gas content respectively, but has made for more complex drilling operations.

The desorbed gas was chromatographically analysed and contained 99% natural gas (i.e.