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Offshore seismic player Shearwater GeoServices has secured a contract for a 4D monitor acquisition survey from Total E&P Angola. The survey comprises a two-month project on the GJDR development area of Block 17 commencing in Q1 2021. For the purpose of the project, Shearwater said it will utilise one of its multisensor equipped vessels; in... Continue Reading →
Dutch offshore geotechnical survey firm Fugro has said it has won multiple contracts with Eni in Angola for geotechnical and environmental surveys off the coast of Angola between now and May. Fugro said that two of its vessels are currently active in the region. The multipurpose survey vessel the Fugro Scout, designed for seabed sampling... Continue Reading →
Subsea 7 has recognised a major loss in 2020, mostly on impairment charges, but increased its backlog by 20 per cent and kept revenue down only five per cent compared to 2019. The engineering and construction specialist recognised 2020 net loss of $1.1 billion, against loss of $82 million in 2019. In the full year... Continue Reading →
Norwegian marine seismic data firm PGS, in partnership with Angola's ANPG, has started a new MultiClient 3D survey in the Lower Congo Basin, near the river plume of the Congo in Angola Block 1/14. The acquisition phase will continue until April and fast-track data is expected in October 2021, the company said Monday. PGS said... Continue Reading →
COVID-19 will continue to skew the floating production systems market for the coming 24 months, while buying power for a large portion of FPSO contracts will be centered in Brazil and Guyana/Suriname. These two areas are expected to account for more than 60% of the FPSO contracts awarded between 2021 and 2025. These are the... Continue Reading →
Subsea boosting could make an immediate increase in production profitably on more than 200 oil projects globally, according to Rystad Energy’s newly launched Subsea Processing Screening Tool. The increase in recoverable reserves for the top 100 projects, out of more than 200 projects identified where subsea boosting would be profitable, averaged 61 million barrels of... Continue Reading →
Oslo-listed seismic services company Magseis Fairfield has said it has won a seismic survey contract offshore Angola. The contract, with an unnamed "major international energy company" is for a deep-water Ocean Bottom Node baseline survey (3D). The project is expected to start in Q2-2021 and run for approximately three months. Carel Hooijkaas in Magseis Fairfield... Continue Reading →
Drilling of high-impact oil and gas prospects in 2020 suffered at the hands of the global pandemic, but the overall results were nevertheless positive, a Rystad Energy analysis reveals. The success rate rose to 41 per cent from 32 per cent in 2019 and pushed discovered volumes to 3.2 billion barrels of oil equivalent (boe),... Continue Reading →
(Reuters) - Top oil and gas companies sharply slowed their search for new fossil fuel resources last year, data shows, as lower energy prices due to the coronavirus crisis triggered spending cuts. Acquisitions of new onshore and offshore exploration licences for the top five Western energy giants dropped to the lowest in at least five... Continue Reading →
Subsea 7 has won a contract from Cabinda Gulf Oil Company (CABGOC) for the Sanha Lean Gas Connection (SLGC) project offshore Angola. Specifically, the project comprises the construction and installation of the Lean Gas Platform (LGP) system in Block-0 off Angola. It takes place at a water depth of approximately 70 metres. Project management and... Continue Reading →
