Global artificial intelligence (AI) seismic interpretation experts Geoteric are continuing to disrupt the market with another world-first software release. The new technology is game-changing for energy companies and will prove critical to operators; enabling them to de-risk well placement, reduce their environmental impact and increase profitability by better predicting future production.
Adnoc has the goal of being the world’s lowest-cost oil producer of choice. Unlike some of its IOC competitors, struggling to come to terms with the demands of meeting today’s energy needs and tomorrow’s transition, it is willing to put the money in.
South Africa is dusting off seismic plans once more as it aims to launch a licensing round, following the passage of long delayed upstream laws.
A seismic survey firm owned by oil giant BP has developed equipment which is hoped to one day be used on the moons of Saturn or Jupiter.
A South African court has approved Shell to go ahead with a seismic shoot offshore the Wild Coast.
Reconnaissance Energy Africa has completed its 2D seismic shoot in northeast Namibia and pushed back drill plans slightly.
Indonesian independent Medco Energi (IDX:MEDC) operator of South Natuna Sea Block B offshore Indonesia, has started shooting 270 square km of 3D seismic at the Kaci field starting on 29 September, according to upstream regulator SKK Migas.
Deltic Energy is kicking off seismic survey work one of its hot North Sea prospects after a farm-out deal with Cairn Energy.
Shell has completed a deal to enter the Transkei & Algoa exploration right, offshore South Africa, with Impact Oil & Gas.
Zimbabwe-focused Invictus Energy expects to begin acquiring seismic in the first week of September.
Doing more with less is a tempting proposition for any business but perhaps none more so than the beleaguered seismic sector.
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.
Eni will work with Indonesian upstream regulator SKKMigas to process and interpret seismic data owned by Indonesia using the Italian major’s proprietary technologies and facilities.
SeaBird Exploration is rebranding as Green Energy Group as it shifts away from oil and gas seismic and to a new focus on the energy transition.
Lenders have withdrawn support from Polarcus, forcing the company to terminate all of its employees.
Shell has postponed a 3D seismic survey in the UK North Sea after weighing up the impacts on fishing businesses and the environment.
Survey services firm iSurvey Offshore said yesterday it had successfully completed its biggest project to date.
The energy industry has a reputation for being slow to support new technologies, but one exception to this generalisation is the rise of autonomous offshore vehicles.
Blue Ocean Seismic Services (BOSS) has won £10 million of backing from a range of companies including BP Ventures, Woodside Energy and Blue Ocean Monitoring.
The Covid-19 pandemic and the current low-oil-price environment have pushed global exploration and production operators to cut costs, scrapping all but the most vital of their investment plans. The supply industry that will suffer the most as a result is seismic, as shown by a Rystad Energy analysis, with revenues estimated to fall this year by 51% in a $30 Brent scenario and by 77% if the Brent falls to $20, compared to levels seen in 2019.
TGS has begun a 3D seismic survey offshore The Gambia, under its Gambito 2020 programme.
Seismic provider Polarcus has noted another project cancellation, this time in West Africa.
Data shot by CGG in a 15,400 square km seismic survey offshore Mozambique, in the Zambezi Delta, is now ready for licensing.
Cameroon’s state-owned Société Nationale des Hydrocarbures du Cameroun (SNH) has launched a tender for a feasibility study for a 3D seismic shoot, onshore in the Douala/Kribi-Campo Basin.
Senegal is officially launching its licence round on January 31, with applications required to be in by July 31.