(Reuters) - A BP Plc (BP.L) and Shell Plc (SHEL.L) consortium have reached an agreement with Trinidad and Tobago to explore three deepwater blocks for hydrocarbon production in the Caribbean country, Minister of Energy Stuart Young said on Thursday. The deal would help Trinidad speed up offshore exploration and production to secure more natural gas to support its liquefied... Continue Reading →
Norwegian Seismic Specialists TGS and PGS Set to Merge
Norway-based seismic specialists TGS and PGS ASA said Monday they had agreed on the principal terms of a merger of TGS and PGS "to create a strong full-service energy data company." The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law, with merger consideration to PGS shareholders in the form... Continue Reading →
TGS Partners with Apparition Geoservices
(OE) TGS announced a collaboration agreement with Apparition Geoservices to jointly provide integrated, encoded simultaneous source acquisition solutions to drive the next level of efficiency in seismic surveys. During the agreement term of four years, TGS and Apparition will collaborate through joint research, development and testing to fully commercialize Apparition technology in ocean bottom node,... Continue Reading →
TGS joins forces with Apparition on a mission to boost seismic survey efficiency
With corporate headquarters in Norway and operational headquarters in the U.S., TGS is actively working on scaling up the efficiency of seismic surveys. To this end, the energy data and intelligence provider is pooling resources with Apparition Geoservices GmbH, thanks to a new long-term collaboration agreement. The exclusive four-year collaboration agreement enables TGS and Apparition... Continue Reading →
One vessel in PGS fleet finds work in Africa while another one’s job in Brazil gets postponed
(OET) Oslo-headquartered marine geophysical company PGS has secured a new assignment for one of its seismic acquisition vessels offshore Africa with an undisclosed firm. In addition, the start of operations in Brazil for another one of its ships has been delayed. While revealing a contract award for a 3D exploration acquisition contract offshore Africa, PGS... Continue Reading →
Namibia Grants Global Petroleum, Partners 2-Year Renewal Period for Offshore Block
(OE) Oil and gas company Global Petroleum said Monday that the Namibian Ministry of Mines and Energy had given approval for the company and its partners to proceed to the First Renewal Period ("FRP") of Walvis Basin license PEL 94, with a duration of two years from September 2023 to September 2025. The work commitment... Continue Reading →
Operators ramping up AUV/ROV efforts offshore
(OM) A vast majority of operators and developers are investing in autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs) as they seek to optimize production, decrease emissions and enhance safety during operations. In a recent interview with Offshore, Oceaneering’s senior vice president of business development and chief commercial officer, Earl Childress, said, “Remote operations are continuously evolving... Continue Reading →
PXGEO to start 4D seismic survey in the Sapinhoa field
(PN) Petrobras announced this week that it will start a 4D Nodes seismic survey in the Sapinhoá field, about 266 km from the municipality of Ilhabela (SP) and at a minimum depth of 2,000 meters. The monitoring phase of data acquisition in the field will be carried out by the company PXGEO. The seismic survey... Continue Reading →
Sole remaining block off Uruguay goes to Isle of Man-based oil & gas firm
(OET) Challenger Energy Group (CEG), the Isle of Man-headquartered oil and gas company focused on the Caribbean and Americas, has been awarded the last remaining available shallow water exploration block located off Uruguay. Other offshore exploration licenses are held by energy majors, including Shell, Apache and YPF, the Argentinian national oil company. After Challenger Energy submitted a bid... Continue Reading →
PXGEO Awarded 3D OBN Project in Brazil
Marine geophysical company PXGEO on Friday announced it has secured a contract with Petrobras for a 3D ocean bottom node (OBN) survey in the Campos Basin, Brazil. The survey is to be acquired in water depths of 2,300 meters with a duration of approximately 10 months, the company said.