The State Government of South Australia has announced the successful bids for five new Petroleum Exploration Licences (PELs) with a guaranteed work program valued at $58.85 million over the next five years.
The Department for Energy and Mining said the successful applicants for new PELs in the Cooper Basin are Leigh Creek Energy, Cordillo Energy, Gidgee Energy and Vintage Energy.
Minister for Energy and Mining, Dan van Holst Pellekaan said there were...
Shearwater has announced two project awards. The first, for Oil India Limited, ensuring the company’s return to India following a successful execution of this year’s season. The second, a major Brazil project by CGG under the governing long-term capacity agreement between the companies.
Shearwater said that its first deep-water OBN award was launched successfully in the second quarter, “breaking the cost curve by implementing an industry leading wide-tow triple string and triple...
Searcher has announced the launch of its latest Searcher Technology Product, GeoClerk -- an advanced geo-imagery search engine that utilizes machine learning to intelligently extract imagery and surrounding data from all types of documents and classify them into intuitive and geologically relevant categories.
Traditional search functionality queries documents by text and are unable to instinctively provide context to an image beyond words. GeoClerk, through its use of algorithmic...
The Resources and Energy Quarterly June 2020 release has confirmed the critical role resources and energy exports play in supporting the Australian economy but points to challenges ahead.
According to the Department of Industry, Science, Energy and Resources, the value of Australia’s resources and energy exports set a record $293 billion in 2019-20, up from $281 billion in 2018-19. The resources sector, including oil and gas, accounted for more than a quarter (28 per cent) of...
Following the continued cancellation of US LNG cargoes, data and analytics company GlobalData, says buyers hold all the aces in the current COVID-19 inflicted climate which has impacted investment decisions on major LNG projects.
Adrian Lara, Senior Oil & Gas Analyst at GlobalData, said: “One of the reasons why the US is experiencing a high number of cargo cancellations has to do with the flexibility embedded in the selling of contracts, which is proving to be an advantage for LNG...
Palo Alto, CA (June 19, 2020) -- Knowledgette, an online learning platform specializing in bite-sized video lectures for the oil and gas industry, and the Petroleum Exploration Society of Australia (PESA) have partnered to deliver even more learning resources to individuals in the oil and gas industry.
“Furthering our mission to deliver short, in-depth, and engaging content individuals at all stages of their career in the oil and gas industry, we are thrilled to add PESA to our partner...
PGS and ION Geophysical Corporation have announced an agreement to collaborate globally on 2D exploration data.
Both companies have modern, high-quality MultiClient data libraries that together cover all the significant hydrocarbon provinces around the world. The new joint data library will comprise nearly one million line kilometres of uniquely complementary data, including many areas of genuine broadband seismic that have substantial opportunity for integration and reimaging.
Geoprocesados and DownUnder GeoSolutions have announced the opening of a new DUG McCloud-based seismic processing and imaging centre in Rio de Janeiro, Brazil.
Operating as Geoprocesados Serviços Sismicos, this new centre will offer clients a full suite of P&I services, for both onshore and offshore projects, including advanced least-squares imaging tools such as reverse time migration and high-frequency full-waveform inversion, DUG said in a media release.
Geoprocesados General...
APPEA says the Petroleum Legislation Amendment Bill's 2020 passage through the Victorian State Parliament has set the scene for a resumption of onshore gas exploration in the state, which should lead to more gas supply flowing to Victoria’s homes and businesses.
Australia’s oil and gas industry congratulated the State Government and Opposition in supporting the lifting of the onshore conventional gas moratorium from June 2021.
APPEA Chief Executive Andrew McConville said the...
Cooper Energy says 1.8 petajoules of gas from the Sole gas field has been processed and supplied into the Eastern Gas Pipeline from the APA-owned and operated Orbost Gas Processing Facility.
In a market update Cooper Energy, who are contracted to supply the gas to APA Group for customers in south-east Australia, said progress on commissioning activities since March 10 had demonstrated Orbost Gas Plant’s capability to produce sales specification gas from the Sole raw gas stream.
“A...