Exploration is back, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
Oil and gas giant BP (LSE: BP) has handed out a contract for work on a key North Sea carbon capture and storage (CCS) project.
A consortium of PGS, TGS and WesternGeco have secured funding for a 6,400 sq km multi-client 3D seismic survey starting in October in the Sarawak basin offshore Malaysia.
Gabon will conclude its licensing roadshow in France or Switzerland on June 28, following an event in Texas on June 23.
PGS and ION Geophysical have completed a survey offshore Egypt using a new extended long offset (ELO) design.
Africa Energy is seeking a rig to drill the Gazania-1 well, offshore South Africa in the third quarter of the year.
Companies working in Nigeria’s energy sector have called for a faster rate of change from the government.
TGS has launched its first regional airborne enhanced full tensor gravity gradiometry (eFTG) multi-client survey in Upper Egypt.
PGS has completed the acquisition of 3D seismic on Angola’s Kwanza shelf, which will be used in the country’s 2021 licence round.
Drilling is expected to go ahead as planned at South Africa’s Block 11B/12B, with the first Luiperd well due in June.
Petrosen has officially launched its first offshore licence round, at a conference in Senegal, covering 12 blocks.
Senegal is officially launching its licence round on January 31, with applications required to be in by July 31.
Angola’s new regulator held its London roadshow on September 17, touting the new opportunities in its Namibe and Benguela basins.
Norwegian oil and gas company Petroleum Geo-Services is seeking funding to develop its new concept for efficient, large scale collection of plastic in the oceans.
TGS said it will acquire more than 11,500 km of 2D seismic data in the Republic of Guinea, Guinea Bissau and Senegal.
A second £20million seismic data gathering campaign aimed at spurring exploration on the UK continental shelf has been completed.
Industry regulator the Oil and Gas Authority (OGA) has awarded contracts for a second UK Government-funded £20million seismic campaign aimed at boosting North Sea exploration.
TGS said it plans to acquire more than 36,000km of 2D seismic data using two vessels during its 2016 season.
Petroleum Geo-Services (PGS) and Electromagnetic Geoservices (EMGS) has reached a settlement agreement over a number of patent disagreements,
Norwegian shipping firm GC Rieber has won a EUR9million lawsuit by against it after a Bergen court district court ruled in its favour.
PGS (Petroleum Geo-Services) said it expects its multiclient library to be written down by $105million. The company said the library is accounted for on a survey by survey bases with any write downs normally related to surveys where the low oil price has had an impact.
Survey company Petroleum Geo Services said the downturn in oil and gas activity had led to a drop in earnings with little prospect of things improving in 2016.
Petroleum Geo-Services (PGS) has cold-stacked one of its survey vessels in a bid to reduce costs. The company said the Ramform Viking had been scheduled for a yard stay and classing in the first quarter of next year.
Petroleum Geo-Services (PGS) has seen its profits slashed in the third quarter as it suffered from a weak seismic market and falling oil prices.