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 nation’s economy.
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 collect consistent and evenly distributed gravity measurements.
Shearwater GeoServices Holding has announced the award of a large towed streamer 3D seismic survey for Block 52, offshore Suriname by PETRONAS Suriname in an Americas regions the company is focusing on.
The four-month project is scheduled to commence in Q4, 2020.
“This new survey in Suriname comes at an exciting time for this area,” said Irene Waage Basili, the Chief Executive Officer of Shearwater. “We look forward to working together with PSEPBV, an affiliate of PETRONAS in Suriname, for this project.”
The 3D seismic survey covers surface area of 6,200km² in Suriname’s Block 52 and will be carried out by the Geo Caribbean vessel.
Marine geophysical company PGS ASA revealed in its Q2 and preliminary first half 2020 results presentation that it was in negotiations with its lenders to preserve liquidity in light of the dramatic negative market change caused by the Covid-19 pandemic.
The company said these negotiations are in an advanced stage, constructive and carried out with the support of the lenders under its ~$300 million export credit facilities, the lenders under its $350 million revolving credit facility and an ad-hoc group of lenders representing a majority of the ~$520 million term loan B facility.
PGS believes that it...
MAN Energy Solutions has completed the installation and commissioning of the Origin Energy-operated Talinga Orana gas gathering station.
Located 30km southwest of Chinchilla, the dual train Talinga Orana Gas Gathering Station is vital for continued sustainability of Australia Pacific LNG’s upstream asset portfolio and its ability to bring gas to market.
The station allows Origin to optimise CSG production, specifically from the Orana and Talinga gas fields in the Surat Basin.
MAN said it had installed and commissioned two electric motor driven RB56 compressor trains at Talinga.
In August Origin Energy said APLNG revenue for FY2020 had declined 5% to $2.65 billion in spite of record production 265.3PJ.
PGS and Ocean Floor Geophysics have signed an agreement under which OFG has acquired the exclusive rights to use the hardware, software and intellectual property associated with the PGS towed streamer CSEM system. PGS receives shares in OFG as settlement for the transaction.
The towed-streamer CSEM technology developed by PGS is a state-of-the-art system that allows for the acquisition of high-quality marine CSEM data in a fast and efficient manner. The system complements existing CSEM technology to permit a broad operating envelope.
“We are delighted to have entered into this agreement and to be in a position to add the PGS towed streamer to our OFG Multiphysics division.
Australia’s oil and gas industry has paid tribute to Dr Anthony Lynham following his decision to retire from politics at the upcoming Queensland election.
APPEA Chief Executive Andrew McConville applauded Dr Lynham for his outstanding leadership, distinguished parliamentary career and commitment to growing the resources sector.
“The industry applauds Dr Lynham’s achievements in helping to grow the oil and gas sector to create jobs and investment and for always being available to engage with the industry,” Mr McConville said.
“Dr Lynham has been a driving force in opening up regional Queensland for natural gas exploration to supply...
Woodside has entered into a binding sale and purchase agreement to acquire Cairn’s entire participating interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture.
Australia's largest independent energy company announced that while the sale was subject to regular approval from the Senegal government and Cairn shareholders, the company had exercised its pre-emptive rights and completion was targeted for the fourth quarter of this year.
Thereafter, Woodside’s equity interest is set to increase to approximately 68.33% in the Sangomar exploitation area and to 75% for the remaining RSSD evaluation area. Woodside will remain the operator.
On 17 August Woodside blocked the sale of Cairn’s stake in RSSD to Russian energy company Lukoil.
High-performance computing experts DUG Technology and Norwegian energy giant Equinor have signed a multi-year deal covering seismic processing and imaging technology.
Under the deal, Equinor will replace existing third-party technology with an integrated solution using DUG McCloud, an innovative platform that allows clients to mix and match DUG's high-performance computing as a service (HPCaaS), seismic processing and imaging (P&I) services, and the DUG Insight geoscience software.
DUG Managing Director Matthew Lamont said the team at Equinor thoroughly evaluated every aspect of the DUG McCloud platform.
“We demonstrated that the ease of use, effectiveness and productivity of DUG Insight within the McCloud environment have the potential to provide short and long-term benefits, not to mention saving considerable money along the way,” Dr Lamont said.
Shearwater GeoServices has announced a new 3D seismic acquisition award for ION Geophysical’s UK Mid North Sea High (“MNSH”) program.
The Amazon Warrior will spend approximately one and a half months acquiring the initial phase of the MNSH 3D survey in Q3 2020 under an agreement that provides Shearwater a commercial interest and revenue sharing mechanism.
This survey is part of a larger program proposed by ION to be acquired 2020-2021. The agreement also establishes a framework for the use of Shearwater’s vessels for ION 3D multiclient projects with conditional links to potential upcoming projects.
“ION is pleased to collaborate with Shearwater on the MNSH 3D multi-client program,” stated Chris Usher, ION’s President and Chief Executive Officer. “Sh