Geology & Geophysics ///

Petrobras discovers onshore oil in Espírito Santo basin

Petrobras has discovered an onshore oil accumulation in the Espírito Santo basin.

Petrobras reports new Amazon basin discovery

Petrobras has discovered a new oil and gas accumulation in the Amazon basin, Block AM-T-84.

BG Norge strikes out near Knarr field

BG Norge AS, operator of production license 373 S, is completing the drilling of exploration well 34/3-5, located approximately five km southeast of Knarr field in the Northern North Sea. The well is dry.

Petrobras confirms productivity of Sergipe basin’s Farfan reservoirs

Petrobras has completed its formation test on well 3-BRSA-1286-SES, in concession BM-SEAL-11, in the ultra-deep waters of the Sergipe-Alagoas basin.

ONGC breaks with Big Oil to invest $176 billion to increase reserves

India’s Oil & Natural Gas Corp., grappling with aging fields, is prepared to sacrifice profits by retaining a plan to pump 11 trillion rupees ($176 billion) into a search for reserves despite the slump in crude.

TGS, Dolphin to conduct survey in Western Barents Sea

TGS has signed a joint venture agreement with Dolphin Geophysical to acquire 4,500 km2 of 3D multi-client seismic data over the western part of the Hammerfest basin in the Barents Sea.

Gazprom Neft continues evaluating Siberian fields

Gazprom Neft has begun the drilling of three exploratory wells at its Chonsky project in Eastern Siberia—one each at its Ignyalinsky, Vakunaysky and Tympuchikansky fields.

Southern England oil discovery estimates wildly optimistic, GlobalData says

The recent announcement by UK Oil & Gas Investments that there could be up to 100 Bbbl of oil onshore beneath the South of England, following its discovery at a well near Gatwick airport, is wildly optimistic, says an analyst with GlobalData.

Polarcus marks halfway point on Capreolus survey

Polarcus has reached the 50% completion milestone in the acquisition of the Capreolus 3D multi-client project, the largest single 3D survey ever acquired offshore Australia, the company announced Monday.

TGS cuts 10% of workforce in cost reduction program

TGS has announced a cost reduction program, which will include cutting more than 10% of the company’s global workforce, in response to the deterioration of the market for seismic data seen in the first quarter of 2015.

BOEM kicks off formal review of Shell's Arctic drilling plan

The U.S. Bureau of Ocean Energy Management (BOEM) deemed Shell Gulf of Mexico, Inc.’s revised multi-year Chukchi Sea exploration plan (EP) as ready for a formal review Friday and invited the public to submit their views on the plan.

Total makes discovery east of North Sea’s Skirne field

Total E&P Norge AS, operator of production license 627, is about to complete the drilling of wildcat well 25/6-5 S.

Statoil's Yeti prospect proves oil in Gulf of Mexico

Statoil has reported an oil discovery in its Miocene Yeti prospect in the Gulf of Mexico.

Nutech confirms major oil find under Southern England

UK Oil & Gas Investments has announced that U.S.-based Nutech Ltd estimates that the Horse Hill-1 (HH-1) well in the Weald basin has a total oil in place of 158 MMbbl per square mile, excluding the Upper Portland Sandstone oil discovery.

TGS, Polarcus sign LOA for 3D surveys in Northwest Europe

TGS has signed a Letter of Award (LOA) with Polarcus for the acquisition of 3,000 km2 of 3D seismic data in Northwest Europe, with a potential extension of up to a total of 7,000 km2.

Survivex to provide training management services to Hercules Offshore

Survivex, a health and safety training company, has signed a contract with Hercules Offshore for the provision of a fully outsourced Training Management Service (TMS).

Looking for hydrocarbons offshore western and southern Greece

Mari M. Schjeldsøe Berg, Petroleum Geo-Services (PGS)

Exploration in western and southern Greece is moving offshore, and the Second Offshore Licensing Round was opened in second-half 2014. Seismic data will improve, as will understanding of this complex region.

Woodside hits gas offshore Western Australia

Woodside Petroleum's Pyxis-1 exploration well, in production license WA-34-L, has intersected approximately 18.5 m of net gas within its Jurassic sandstone target, the company announced Wednesday.

Seismos secures $4 million funding for flow monitoring

Seismos Inc., a provider of real-time subsurface fluid flow monitoring for oil and gas production optimization, has secured funding of approximately $4 million to power its market rollout and product enhancement efforts.

Halliburton to divest business units in anticipation of Baker Hughes acquisition

Halliburton announced that it will separately market for sale the company's Fixed Cutter and Roller Cone Drill Bits, Directional Drilling and LWD/MWD businesses.