Month: January 2019

CGG completes offshore Western Australia 3D campaign – Offshore

CGG completes offshore Western Australia 3D campaign 01/24/2019 Davros 3D seismic survey in the WA-458 permit offshore Western Australia (Courtesy FAR) Offshore staff MELBOURNE, Australia – CGG has completed seismic acquisition across the WA-458-P permit offshore Western Australia, according to Australian E&P company FAR. In mid-December, the MV Geo Coral started mobilizing from Southeast Asia and after a brief port call in Broome, began deployment of in-water equipment while en route to the sur

Source: CGG completes offshore Western Australia 3D campaign – Offshore

Polarcus set to shoot seismic for Galp in Namibia

Polarcus set to shoot seismic for Galp in Namibia Portuguese oil company Galp has said that Polarcus will this week start a seismic survey over its PEL83 Offshore License in Namibia’s deepwater offshore. The survey in the Orange Basin is scheduled to start January 25 and end in March. As part of the 3D seismic contract with Galp, Polarcus’ vessel will cover an area of around 3,000 square kilometers. The PEL83 license, awarded in August 2016 by the Ministry of Mines and Energy to a Galp-led consorti

Source: Polarcus set to shoot seismic for Galp in Namibia | Offshore Energy Today

 

CGG expands Gabon seismic footprint | Offshore Energy Today

CGG expands Gabon seismic footprint Marine seismic acquisition and processing company CGG has said it is extending its Gabon multi-client data footprint with a 9,800-km long-offset 2D seismic survey in an unexplored deepwater area of the South Basin. CGG said it is “building on the success” of its 25,000 km2 3D BroadSeis(TM) survey, which led to the recent Boudji-1 and Ivela-1 oil discoveries. A subset of the data over the offered license blocks will be available in advance of Gabon’s 12th offshore…..

Source: CGG expands Gabon seismic footprint | Offshore Energy Today

Survey: Oil and Gas Hiring in Houston Flat in 2019  | Rigzone

Survey: Oil and Gas Hiring in Houston Flat in 2019 Oil and gas hiring in Houston is expected to remain relatively flat this year, according to the 2019 Houston Growth and Staffing Outlook Report by recruiting firm Murray Resources. The survey of executives, HR staff and hiring managers – administered in December 2018 – is conducted annually to check the pulse of staffing in the city. 2019 results show that about 18 percent of the 76 surveyed are in the oil and gas industry. Here are some highlights….

Source: Survey: Oil and Gas Hiring in Houston Flat in 2019  | Rigzone

Saudis Say OPEC+ Cuts Provided US Shale Lifeline  | Rigzone

Saudis Say OPEC+ Cuts Provided US Shale Lifeline (Bloomberg) — Saudi Arabia’s energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers. “The action we have taken, quickly in December and that we’re seeing implemented as we speak, is a lifeline to U.S. shale producers,” Khalid Al-Falih said at a conference in Abu Dhabi. The Organization of Petroleum Exporting Countries, led by Saudi Arabia, agreed to cut oil output this ye

Source: Saudis Say OPEC+ Cuts Provided US Shale Lifeline  | Rigzone

Oil Demand to Grow Steadily in 2020s  | Rigzone

Oil Demand to Grow Steadily in 2020s Oil demand will grow steadily in the 2020s and peak in the late 2030s, according to Rystad Energy’s current long-term outlook. “In our long-term outlook we currently see oil demand growing steadily in the 2020s and peaking in the late-2030s, as we incorporate moderate technological shifts and accelerated efficiency gains that will flatten on-road transportation demand and petrochemical feedstock demand growth towards 2040,” Rystad Energy’s Chief Oil Analyst Bjornar

Source: Oil Demand to Grow Steadily in 2020s  | Rigzone

Permian Shale Oil Boom Holds Mixed News for OPEC  | Rigzone

(Bloomberg) — The year has barely begun but it’s already shaping up nicely for OPEC, with crude rebounding sharply after the worst fourth-quarter performance since 2014. A new production cuts deal with Russia and thawing U.S.-China trade relations have given the market a boost. But for OPEC, good news often comes hand-in-hand with bad news. For that, look no further than the Permian basin. The biggest shale play in the U.S. is set to pump 3.8 million barrels a day this month, according to Energy Info

Source: Permian Shale Oil Boom Holds Mixed News for OPEC  | Rigzone

Norway awards record licenses in latest offshore round – Offshore

MDL, TechnipFMC conclude four projects in the North Sea | Previous ArticleNext Article | Equinor steps up carbonates drilling at North Sea Gullfaks fieldNorway awards record licenses in latest offshore round01/16/2019OSLO, Norway – The Norwegian Ministry of Petroleum and Energy has awarded 83 new production licenses to a total of 33 companies under Norway’s Awards in Predefined Areas (APA) 2018 round.This is the largest number of awards to date for a Norwegian licensing round: 37 of the lice

Source: Norway awards record licenses in latest offshore round – Offshore