A July 2014 poll revealed that if the US produced more oil and natural gas, it would greatly benefit job creation, increase government revenue and strengthen national security. API and Harris Interactive Poll According to a recent…
TGS has is to start two multi-client geochemical seafloor sampling and seep studies offshore Canada and in the Barents Sea. Sampling locations for both programs were identified using recently acquired multi-client seismic data. The Labrador…
Colombia's National Hydrocarbons Agency (ANH) received bids from four companies for just five of 19 offshore areas offered in its 2014 licensing round. Spains's Repsol, as operator, was awarded the COL4 license, in the Caribbean Sea, with partners Statoil and ExxonMobil Exploration Colombia…
London-based independent Tullow Oil agreed to acquire up to 40% interest in the Cooper block, block 2012A, in the Walvis basin offshore Namibia, Eco (Atlantic) Oil & Gas announced on 17 July 2014. The terms of the farm-in includes Eco…
High costs and regulatory and fiscal uncertainties could have caused a drop in exploration and deal activity on the UK Continental Shelf (UKCS), according to business advisory firm Deloitte. The firm’s Petroleum Services Group…
Paradigm announced the release of the latest version of its Geolog formation evaluation and petrophysics analysis solution suite. The release includes a plug-in that enables direct data transfer from Geolog to Petrel seismic to simulation software…
CAMAC Energy Kenya Ltd., awarded Polaris Seismic International Ltd. a seismic contract for a 2D seismic surveys partly offshore Kenya. The survey covers 506sq km within Block L16 partly onshore and partly offshore Kenya. CAMAC says…
Electromagnetic Geoservices (EMGS) has received a contract worth US$2.7 million from OMV (Norge) and its partners in PL537 for 3D EM data acquisition in the Barents Sea. The survey will commence in July using the vessel Atlantic Guardian…
West Australian independent Woodside Petroleum Ltd. has farmed-in to the 7200sq km Lake Tanganyika South Block, Tanzania. Beach Petroleum (Tanzania) Ltd., a wholly owned subsidiary of South Australia's Beach Energy Ltd., will transfer…
Petroleum Geo-Services (PGS) has warned that its Q2 results will be weaker than current market expectations due to less predictable seismic purchases. PGS said: 'Customers' intentions with regard to seismic purchases, particularly MultiClient…
The humanitarian program, Geoscientists Without Borders (GWB), launched by the Society of Exploration Geophysicists (SEG) six years ago, will sponsor a new project in Tanzania to prevent an ecological disaster that would impact the fisheries and the population that depends on them…
Weakening spending by E&P majors, particularly on seismic is being felt in the geoscience sector, with Dutch geoscience and geotechnical services firm Fugro revealing a potential Eur300-350 million non-cash impairment in its geoscience division today…
Ireland’s Providence Resources announced Monday that 3D seismic survey operations have begun on its Drombeg oil prospect in the southern Porcupine basin, off southwest Ireland. The Lower Cretaceous Drombeg prospect is in the FEL 2/14 license area…
Rosneft has started field works at five license blocks in the Barents and Pechora Seas ahead of planned drilling in 2016-2017. The five blocks are: West Prinovozemelsky, located in the northeastern part of the Barents sea near the Novaya Zemlya archipelago…
Martin Landro won the Norwegian Petroleum Directorate’s (NPD) IOR award for his work on developing 4D seismic for mapping, production management and monitoring of reservoirs. Landro is a geophysics professor at the Norwegian University of Science and Technology…
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