PARIS - CGG announced phase three of its dual-azimuth multi-client 3D survey in the Northern North Sea. Starting in early May 2022 and continuing throughout the North Sea season, phase three will expand on phases one and two of the program conducted in 2020 and 2021. Initial data from the phase three acquisition are expected to be available in earl...
Inmarsat, a leader in global, mobile satellite communications confirmed the successful launch of its first Inmarsat-6 satellite, I-6 F1, by Mitsubishi Heavy Industries (MHI) from the JAXA Tanegashima Space Center in Japan. The Inmarsat-6s (I-6) are Inmarsat’s first ever hybrid L- and Ka-band satellites, incorporating increased capacity and new...
(Bloomberg) --Libya’s oil exports, already sharply curtailed following a blockade by paramilitaries in the west, are set to fall further after bad weather closed ports in the east. The Es Sider, Ras Lanuf, Hariga and Zueitina terminals were shut Saturday and are likely to remain closed until early next week, two people said, asking not to be n...
HOUSTON - Employment in the U.S. oilfield services and equipment sector rose by an estimated 7,450 jobs in December, despite the slow hiring in overall U.S. jobs, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council (Council). Gains were made in oil and gas extraction,...
LONDON (Bloomberg) --Canada's oil sands producers were able to export a record amount of crude to overseas markets thanks to a new link to the U.S. Gulf Coast. The recent reversal of Marathon Pipe Line Inc.’s Capline pipeline is sending oil sands crude produced in landlocked Alberta to export terminals on Gulf Coast where it can be shipped to...
HOUSTON (Bloomberg) --Less than half of oil and natural gas drillers in the U.S. Great Plains and Rocky Mountains plan to curb emissions of carbon dioxide and methane this year, according to the Federal Reserve Bank of Kansas City. Even fewer have any plans to cut back on flaring of excess gas or recycle water used in fracking wells, the Kansas...
(Bloomberg) --For a few fleeting hours Thursday, shares of Cenovus Energy Inc., one of Canada’s biggest oil producers, bounced back to highs not seen since its massive stock issuance to buy assets from ConocoPhillips four and a half years ago. Cenovus extended three days of gains to rise as much as 6% at midday to C$17.53, briefly eclipsing a...
SINGAPORE (Bloomberg) --Oil was poised for a third weekly gain as demand remained resilient while supplies are frayed across the OPEC+ coalition and beyond. Futures increased again on Friday to trade near $80 a barrel in New York, bringing this week’s increase to almost 7%. Kazakhstan’s biggest oil producer has altered output at the giant Te...
Subsea Data Systems, Inc., a new partnership between Samara/Data and Ocean Specialists, Inc., is pleased to announce their participation in a new 5-year project funded by the Gordon and Betty Moore Foundation to support the University of Hawai`i’s SMART Cable efforts. SMART (Sensor Monitoring and Reliable Telecommunications) Cables include sensor...
Neptune Energy announced the development of new “digital twins” of two platforms in the Dutch North Sea, which will accelerate work schedules, and reduce costs and environmental impacts by enabling engineers to work onshore. They will also support planning of Neptune’s major Carbon Capture and Storage project in the L10 area. Leading UK-ba...