Geology & Geophysics ///

CGG achieves near real-time imaging for offshore Morocco survey

PARIS, France -- CGG announced the delivery of near real-time imaging results for a 4,200 sq km BroadSeis 3D marine seismic survey acquired offshore Morocco. CGG delivered the very-fast-track (VFT) RTM PSDM volume to the client only four days after the last shot.

Premier Oilfield Laboratories has acquired MUD Geochemical

Premier Oilfield Laboratories (POL) has acquired MUD Geochemical, a geochemical laboratory and consulting company that provides X-ray Fluorescence (XRF) Analysis, and other geophysical services.

CGG delivers final preSDM data sets for Gabon south basin multi-client survey

CGG announced that the final processed depth volumes (Kirchhoff and RTM PreSDM) from the company's recent 3D BroadSeis multi-client survey in the highly prospective Gabon South Basin are now available for license.

Emerson helps Kuwait Oil Company maximize value of reservoir assets

Emerson Automation Solutions has supplied its Roxar RMS reservoir modeling software to Kuwait Oil Company (KOC). The new licenses will be used to build more accurate and detailed reservoir models.

BP acquires interests in two North Sea exploration prospects

BP has acquired interests in two exploration prospects, Jock Scott and Craster, in the North Sea.

Nigerian oil misses goals after legal gridlock deters investors

When OPEC exempted Nigeria from its plan to cut oil output for the first time in eight years, it highlighted how far Africa’s biggest producer has fallen.

PGS wins bank support as billionaire Andresens boost investment

Petroleum Geo-Services won conditional agreement from banks for a longer credit line and new investment from the billionaire Andresen family, as the Norwegian oil-services provider contends with the crude slump.

Total, SOCAR sign agreement to develop Absheron discovery

Total and SOCAR, the national oil company of Azerbaijan, have signed an agreement establishing the contractual and commercial terms for the first phase of production from Absheron gas and condensate field.

Modern data science unlocks over 50 years of UKCS data

Over 50 years of North Sea exploration data has been mined as part of a Data Challenge set by Common Data Access (CDA), a subsidiary of Oil & Gas UK established to facilitate the sharing of well and seismic data by the oil and gas industry.

Wildcatters flee African deep water to weather oil rout

Drillers burned by a two-year slump in crude prices are slowing exploration of deepwater prospects off the coast of Africa, undermining a key driver of growth on the continent.

Paradigm and Task Fronterra collaborate on advanced borehole data analysis

Paradigm has announced that Task Fronterra, a leading global geoscience consultancy, has standardized its advanced borehole data analysis service offering on the Paradigm Geolog petrophysical analysis and formation evaluation solution.

A systems approach to coring improves operations

Alan Norrie, Claire Kennedy, National Oilwell Varco

Coring operations require careful planning to prevent operational risks and unbudgeted costs. The latest technology combats these issues and leads to quality coring operations.

Companies in the news

Emily Querubin, World Oil

Companies in the news

Shell kicks off drilling program offshore Tanzania

Shell and its joint venture (JV) partners, Pavilion Energy and Ophir Energy, have started their drilling program offshore Tanzania.

Statoil slashes development costs for Trestakk discovery

Statoil has submitted a Plan for Development and Operation for the Trestakk discovery on the Halten Bank to Norway’s Minister for Petroleum and Energy Tord Lien. Capital expenditures are estimated at approximately 5.5 billion NOK ($670 million).

UK receives promising applications for frontier licensing round

The UK’s Oil and Gas Authority (OGA) received 29 applications covering 113 blocks in the latest offshore licensing round which targeted under-explored areas of the UK Continental Shelf (UKCS).

TGS to expand Africa multi-client library with new survey

TGS is to expand its NWAAM multi-client library in the MSGBC basin. The company is to acquire more than 11,500 km of long-offset broadband 2D seismic data as well as magnetic and gravity data in the Republic of Guinea, Guinea Bissau and the AGC joint exploration zone between Guinea Bissau and Senegal.

Statoil posts surprise loss on low oil prices, cuts spending

Statoil, the first of the major oil producers to report third-quarter earnings, posted an unexpected loss for a second quarter in a row as maintenance and exploration expenses compounded the impact of lower crude and gas prices.

Russia, Norway to exchange Barents Sea seismic data

The Norwegian Petroleum Directorate (NPD) and Russia’s Federal Subsoil Resources Management Agency (Rosnedra) have entered into an agreement to exchange seismic data from the areas around the demarcation line in the Barents Sea.

CGG wins Pemex contract for Mexico’s Perdido area

CGG has been awarded a major contract by Pemex to deliver an orthogonal wide-azimuth integrated solution designed to optimize subsalt seismic imaging in the geologically complex deep waters of the Perdido area.