Latest News

Searcher launches GeoClerk Platform Mining Edition

23/03/2021 Posted by Dale

Searcher has launched a mining edition of GeoClerk.

The company described GeoClerk as “an advanced geo-imagery search engine that intelligently extracts imagery and surrounding data from all types of unstructured documents, and then utilizes machine learning to classify them into geologically relevant categories.”

“The intuitive, web-based interface enables simple and complex querying to provide images in categories such as maps, core photos, imagery, cross-sections and tables, which are all linked back to the original source documents,” Searcher added.

GeoClerk works with government databases, mineral company websites, internal document libraries, and institutional subscriptions to identify, define and present images in geologically relevant categories to easily extract information from historic and uncategorised documents.

Blue Energy and Origin sign new long term gas supply deal

23/03/2021 Posted by Dale

Blue Energy and Origin sign new long term gas supply deal

Blue Energy Limited has announced that it has executed a non-binding Heads of Agreement (HOA) with Origin Energy Limited for the supply of up 300 PJ of gas at Wallumbilla over 10 years from Blue Energy’s Northern Bowen Basin ATP814 coal seam gas tenure.

This is the second such HOA executed by Blue Energy which facilitates North Bowen Basin gas to be delivered into the main East Coast domestic market to the south from Moranbah.

In early December Blue Energy and EnergyAustralia signed a similar agreement for the delivery of 100 PJ of gas from the North Bowen basin into Wallumbilla.

Shearwater awarded 4D survey by Equinor under new multi-year frame agreement

16/03/2021 Posted by Dale

Shearwater GeoServices has announced a new long-term frame agreement with Equinor for 4D seismic services on the Norwegian continental shelf.

The company said the agreement can also be applied for the UK continental shelf. Under the frame agreement, Shearwater has been awarded an initial survey over the Heidrun Field in the Norwegian North Sea.

Shearwater said it will allocate one of its high-end Isometrix vessels for the one-month Heidrun survey, which starts in Q2 2021. The award adds to a growing worldwide 4D order book and supports the company’s framework for optimizing vessel utilization.

“Shearwater’s commitment to geophysics and established leading 4D technology positions us well to deliver high quality time-lapse measurements for Equinor.

APPEA congratulates Premier Mark McGowan

16/03/2021 Posted by Dale

Australia’s oil and gas industry has congratulated Premier Mark McGowan and WA Labor on its reelection in Western Australia on Saturday.

Australian Petroleum Production & Exploration Association (APPEA) WA State Director Claire Wilkinson said the industry has worked collaboratively with the McGowan Government since 2017 and intends to continue that positive relationship.

“The Premier’s LNG Jobs Taskforce and the Jobs and Skills website are clear examples of what can be achieved when industry and Government work together: more local jobs and more economic opportunities.”

“When COVID hit, Premier McGowan and his Government acted swiftly to keep the...

Cybersecurity Incident Involving Third Party Supplier

16/03/2021 Posted by Dale

CGG was recently informed of a cybersecurity incident on a server hosting Accellion software.

The company said the vulnerability that had exploited Accellion’s secure file transfer application (FTA), before they could find a corrective patch, was originally discovered in another Accellion customer environment.

At CGG, Accellion’s FTA was used on a separate server, isolated from production IT infrastructure.

“This standalone server had limited use within CGG and was not used to transfer or store personal or commercial sensitive information. There has been no operational or financial impact,” CGG said

CGG said it takes information security very seriously and will thoroughly investigate the incident in collaboration with Accellion and CGG’s external security partners, to document full details, and identify any potential areas to further reduce future risks.

Bentley Systems Enters into US$1 Billion Agreement to Acquire Seequent

16/03/2021 Posted by Dale

Infrastructure engineering software company Bentley Systems has entered into an agreement with investors, led by Accel-KKR, to acquire software for geological and modelling company Seequent for US$900 million in cash, plus 3,141,361 BSY Class B shares.

The acquisition is subject to customary closing conditions and regulatory approvals, including New Zealand Overseas Investment Act consent as well as clearance under the Hart-Scott-Rodino Antitrust Improvements Act.

Upon closing, Seequent will operate as a stand-alone Bentley subsidiary, with Seequent’s current Chief Operating Officer Graham Grant, succeeding its retiring CEO Shaun Maloney, reporting to Bentley’s Chief Product Officer Nicholas Cumins.

Seequent,...

Sercel Equips 3D Mega-Crew Survey in North Africa

16/03/2021 Posted by Dale

Sercel has announced that its “high-performance” equipment is being deployed on another 3D megacrew survey by a major North African geophysical company.

Sercel said the crew is operating with an 80,000-channel 508XT land acquisition system, complete with QuietSeis® digital sensors, and ten Nomad 90 Neo broadband vibrators in challenging desert terrain, but did not say which country activities were occurring in.

Sercel described its equipment as seamlessly integrated into the digital version of the 508XT, QuietSeis, the industry’s most advanced third-generation MEMS sensor, ensuring optimum data accuracy and stability.

“With its outstanding low-noise performance, it detects the weakest signals in a very large frequency bandwidth.

CGG Announces Q4 and Full Year 2020 Results

09/03/2021 Posted by Dale

CGG has released a solid operational performance in its fourth quarter results and positive net cash flow sustained by gradual recovery from COVID-19.

Commenting on the company’s full year and fourth quarter results, CGG CEO Sophie Zurquiyah said:

“In the particularly challenging year of 2020, which saw the collapse of the oil & gas market across the second and third quarters, we finished the year with solid fourth quarter operational performance. During 2020, we successfully completed our exit from the Acquisition business while continuing to advance our high-end Geoscience technologies for reservoir development and production.

“We also delivered our Multi-client surveys in the industry’s core mature sedimentary basins and released new products while reinforcing our market leadership in equipment. O

Resources technology roadmap builds Australia’s competitive advantage

09/03/2021 Posted by Dale

APPEA has welcomed the launch of the Resources Technology & Critical Minerals Processing National Manufacturing roadmap as a key priority under the Federal Government’s $1.5 billion Modern Manufacturing Strategy.

APPEA’s Chief Executive, Andrew McConville, a member of the industry-led taskforce that guided the development of the Resources Technology & Critical Minerals Processing roadmap, commended the Government’s consultation with industry and action to build Australia’s advanced manufacturing capability in resources technology.

“The Resources Technology & Critical Minerals Processing National Manufacturing roadmap recognises and builds on Australia’s world-class expertise and competitive advantage in the resources and energy sectors.”

“Australia has world-class resources, such as oil and gas and critical minerals which drive the modern global economy.

Shearwater announces offshore survey awards in Australia and Angola

09/03/2021 Posted by Dale

Shearwater Geoservices has announced the award of a 3D seismic survey in the Otway Basin and a 4D survey in Angola by Total.

“We see a solid, consistent level of activity in Australia where we have multiple projects booked in 2021”, said Irene Waage Basili, CEO of Shearwater. “We observe increasing regional demand for our vessels equipped with high-end technology, which is reflected in backlog and utilization.”

The approximately two-month survey is expected to commence in Q3 2021 covering an estimated 2,700 sqkm, employing the Geo Coral using a multisensor streamer system with a variable streamer spacing configuration.

Off Angola the two-month project will be on the GJDR Development area of Block 17, commencing in Q1 2021.