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…
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…
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…
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…
Canada's National Energy Board (NEB) has approved a Geophysical Operations Authorization (GOA) application from TGS-NOPEC Geophysical Company (TGS), Petroleum GeoServices (PGS), and Multi Klient Invest (MKI) to conduct a 2D offshore seismic…
Electromagnetic Geoservices ASA (EMGS) has received a signed contract from Tullow Oil Norge AS worth US$7.7 million for 3D EM data acquisition in the northern part of the North Sea. 'We are delighted to work with Tullow again, and also…
TGS is to start acquisition of a new multi-year, multi-client 2D program offshore Northeast Greenland. The project will be fulfilled over a maximum of four seasons, bringing TGS' total multi-client database in Northeast Greenland to more than 36…
CGX Energy Inc. announced the completion of reprocessing and merging of existing seismic surveys from the company’s 100% owned Corentyne petroleum prospecting license (PPL) offshore Guyana. The results of the reprocessing have assisted in…
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