Geology & Geophysics ///

Polarcus secures extension of South American campaign

Reference is made to the stock exchange release issued on Dec. 16, 2015 in which Polarcus Limited announced an award for a 3D marine seismic project in South America.

Offshore oil recovery beginning in world's harshest environments

Explorers are once again testing the waters in their search for oil, according to Transocean Ltd., the world’s biggest offshore rig contractor by market value.

SDX Energy's KSS-2 well disappoints in Morocco

SDX Energy Inc., the North Africa focused oil and gas company, announces that the KSS-2 well on the Sebou permit in Morocco was drilled to a TD of 1,293 m, encountering 8 net m of high quality reservoir interval in the Gaddari and Guebbas sequences with an average porosity of 30%. However, while the intervals came in on prognosis, they had low gas saturation and were not deemed to be commercial.

Interior sets date for largest oil, gas lease sale in U.S. history

In support of President Donald J. Trump's ‘America-First Offshore Energy Strategy,’ Deputy Secretary of the Interior David Bernhardt announced that the Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.

Deloitte: Industry exercises caution with M&A, though trend is changing

Deloitte forecasts that although the oil & gas industry may be in love with the recent rise in commodity prices it is still exercising some caution when it comes to M&A activity, but that is changing.

Zion Oil & Gas encounters oil onshore Israel

Zion Oil & Gas, Inc., announces that during the current open hole wireline logging and subsequent reaming (cleaning the well bore) operations, Zion encountered free-flowing hydrocarbons while circulating drilling mud.

Weatherford releases production optimization software

Weatherford International plc today announced a new software release for its ForeSite production optimization platform, which combines physics-based models with advanced machine-learning data analytics to improve performance across conventional and unconventional oil and gas assets.

Turbodrills reduce well time and deliver lower cost per foot in hard and abrasive formations

Mark Miksa, Halliburton

Downhole turbines are a solution in hard and abrasive formations, otherwise inaccessible with conventional motors.

New Products and Services

Alex Endress, World Oil

National Oilwell Varco (NOV) has introduced the iSeries NXT platform to its portfolio of Tolteq MWD/LWD directional systems and tools.

Echo Energy announces onshore Argentina work program

Echo Energy plc, the South and Central American focused upstream oil and gas company, is pleased to announce its 2018 work program, onshore Argentina.

CGG, Ardiseis complete highest-density seismic survey ever acquired

CGG, its technology partner, and Ardiseis, subsidiary of the Arabian Geophysical and Surveying Company (ARGAS), the Middle East’s seismic acquisition specialist, have announced the successful completion of the world’s highest-density broadband seismic survey ever acquired onshore or offshore.

Sound Energy provides operational update on Morocco work program

Sound Energy, the Moroccan upstream gas company, is pleased to provide details of its 2018 work program and an update on the Company's acquisition of geophysical and geological data in Eastern Morocco.

Eni reports "Zohr like" discovery offshore Cyprus

Eni has made a lean gas discovery in Block 6, offshore Cyprus with Calypso 1 NFW.

TGS announces new seismic project in the Anadarko basin

TGS announces expansion of its 2018 onshore seismic activity with the Canton 3D seismic survey in the Anadarko basin.

Africa Oil Corp. provides update on operations in Kenya's South Lokichar basin

Africa Oil Corp. (AOC) is pleased to provide the following update on activities in the South Lokichar basin (Blocks 10BB and 13T in Kenya).

High flowrate obtained at Gazprom Neft's Vostochno-Messoyakhskoye field

Messoyakhaneftegaz, the Rosneft—Gazprom Neft joint venture, has completed construction of its first deep-strata horizontal production well at Vostochno-Messoyakhskoye field, with initial inflow of 250 tonnes of oil per day, confirming the high potential of developing the deep strata of Messoyakha fields.

Quantico Energy Solutions, Target announce technology alliance

Quantico Energy Solutions, a leader in artificial intelligence (AI) solutions for the Upstream segment of the oil and gas industry, and TARGET, an oilfield services company specializing in digital transformation technology and enablement, today announced a strategic alliance to leverage their respective technology offerings in data management, geoscience consulting and artificial intelligence solutions for the global oil and gas industry.

Emerald Bay Energy begins testing the Eagle Ford formation at Kuhn 3

Emerald Bay Energy Inc. announced that the Company moved a service rig on location today to perforate the Eagle Ford formation in the Kuhn 3 well at the Company’s Wooden Horse property in Southwest Texas.

Oil below $70 as U.S. shale surge looms over bullish banks

Brent crude traded below $70/bbl as the specter of expanding U.S. supply was weighed against Wall Street banks’ growing faith in a price rally.

East Canada’s NOIA says effective environmental assessment critical to offshore development

With legislative changes imminent, the Newfoundland and Labrador Oil & Gas Industries Association, Noia, continues to advocate for renewed environmental assessment processes and calls on the federal government to designate the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) as Responsible Authority (RA) for these assessments.