(offshore-energy.biz) Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) has shared an update on the reprocessing work being carried out for an exploration block off the coast of Uruguay. According to Challenger, the technical work program for the AREA OFF-3 block is progressing well, with the full-depth reprocessing of 1,250 square kilometers... Continue Reading →
Shearwater Nets ExxonMobil’s Contract for 4D OBN Survey Off Guyana
(OE) Offshore seismic services firm Shearwater Geoservices has secured large deepwater 4D ocean bottom node (OBN) reservoir surveillance program by ExxonMobil Guyana. Under the contract, Shearwater will begin a six-month survey starting in the first half of 2025. The field unit will be comprised of a Shearwater seismic vessel as source vessel, and a dual... Continue Reading →
Rystad Energy: Suriname set for exploration surge
(OM) The Guyana-Suriname basin has seen significant activity in recent years, with Guyana alone unearthing more than 13 billion barrels of oil equivalent (boe) of discovered volumes in the past decade. As operators in offshore Guyana continue to explore and develop its resources, the focus on its coastal neighbor, Suriname, is growing. Rystad Energy analysis forecasts... Continue Reading →
Seabed survey unlocks insights for floating offshore projects in Portugal
(offshore-energy.biz) A geophysical and geotechnical survey conducted offshore Viana do Castelo by Portugal’s WavEC Offshore Renewables has provided data on the seabed’s characteristics, supporting the development of floating offshore renewable energy projects. The study, carried out within the Technological Free Zone (ZLT), is part of the EU-SCORES initiative and was commissioned by WavEC to Instituto Hidrográfico –... Continue Reading →
XOCEAN closes €115 million financing to support ongoing growth
( offshore-energy.biz) Ireland-based XOCEAN has secured €115 million in funding to support the growth in the offshore energy and civil hydrography sectors. The Irish ocean data company closed the financing round with support from S2G Ventures, Climate Investment (CI), Morgan Stanley’s 1GT fund, and CC Industries (CCI), a Crown Family affiliate. XOCEAN operates a fleet... Continue Reading →
TDI-Brooks wraps up seabed coring project for Suriname’s national oil company
(offshore-energt.biz) U.S.-based TDI-Brooks International, contracted by GeoPartners, has finalized a seabed survey project for Staatsolie Maatschappij Suriname, the country’s national oil company. According to TDI-Brooks, the Suriname Seabed Piston Coring project involved the acquisition, processing, and interpretation of seep data, encompassing multibeam and coring operations over a 45,000 square kilometer area on the Suriname continental... Continue Reading →
Roadmap Outlines Path for Türkiye to Reach 7 GW of Offshore Wind by 2040
(offshoreWIND.biz) The World Bank Group, in collaboration with the Republic of Türkiye’s Ministry of Energy and Natural Resources, has launched an offshore wind roadmap for the country that outlines the potential for up to 7 GW of capacity to be installed by 2040. The Government of Türkiye has set a target of 5 GW installed capacity... Continue Reading →
Argeo signs eight-year data agreement with Suriname’s oil & gas regulator
(offshore-energy.biz) Norway’s subsea services provider Argeo has entered into an eight-year agreement with Staatsolie, Suriname’s oil and gas regulator and state oil company, for the acquisition, processing and sales of multi-client data in Suriname. The execution of the agreement will be performed in several phases over the contract period and encompass integrated turnkey data solutions... Continue Reading →
TGS sees record-high OBN contract activity following merger with PGS
(offshore-energy.biz) Norway-based energy data and intelligence company TGS has reported record-high ocean bottom node (OBN) contract activity in the third quarter of 2024, the first quarter including PGS, with the utilization of its streamer fleet improving on high bid activity. In Q3 2024, TGS said that the activity level within OBN acquisition was historically high, generating revenues... Continue Reading →
TGS Gets 4D Survey Job in Southern Atlantic
(OE) Energy data and intelligence firm TGS has secured a baseline 4D streamer contract in the Southern Atlantic region with an independent energy company. The contract spans approximately 90 days, according to TGS. TGS will leveraging the capabilities of the Ramform acquisition platform, coupled with the proprietary multi-sensor GeoStreamer technology, to complete the job. "We... Continue Reading →