Geology & Geophysics ///

CGG to cut about 400 jobs after reporting $1.2 billion net loss

CGG, the oil field seismic surveyor that rejected a takeover approach last year by Technip, reported a net loss of $1.2 billion in 2014 after a writedown for restructuring costs and an impairment on marine assets.

SD Mines raises $1.4 million for Energy Resources Initiative

The South Dakota School of Mines & Technology has announced that $1.4 million has been raised for its new Energy Resources Initiative, and the search will begin for a Director.

Elsevier launches Geofacets Mexico, providing competitive edge to Mexico’s oil & gas block bidders

Elsevier has launched Geofacets Mexico, a special edition of Geofacets, designed to give oil and gas companies a competitive advantage in completing Mexico’s oil and gas block bidding.

Great Plains Well Logging selects Paradigm Geolog as its petrophysical software platform

Great Plains Well Logging, Inc. has selected the Paradigm Geolog formation evaluation software suite as its corporate standard for petrophysical analysis, replacing a competitive software package.

Atlantic Petroleum inks farm-down agreement with Statoil on PL602

Atlantic Petroleum has announced that the company has entered into a commercial farm-down agreement with Statoil Petroleum related to the PL602 license.

Freeport-McMoRan reports successful production test on Highlander well

Freeport-McMoRan Inc. has announced the results of additional production testing on Freeport-McMoRan Oil & Gas’s (FM O&G) Highlander discovery, located onshore in South Louisiana in the Inboard Lower Tertiary/Cretaceous trend.

BSEE, BOEM issue proposed regulations for drilling offshore Alaska

The Bureau of Safety and Environmental Enforcement and the Bureau of Ocean Energy Management released proposed regulations for future exploratory drilling on the U.S. Arctic Outer Continental Shelf on Friday.

Chariot Oil & Gas commences 2D seismic survey off Namibia

Chariot Oil & Gas has commenced a 2D seismic survey of approximately 1,700 km in Central Blocks 2312 and 2412A offshore Namibia.

Alberta fracing quake fears prompt tougher rules for shale area

Shale producers in Alberta’s Duvernay region are being asked to monitor and prevent earthquakes after regulators linked a series of seismic events over the last two months to hydraulic fracturing.

TGS extends Declaration Multi-WAZ survey in Gulf of Mexico

TGS has extended its Declaration Multi-WAZ survey in the Mississippi Canyon and DeSoto Canyon protraction areas of the Gulf of Mexico.

Genie Energy subsidiary spuds exploratory well in Israel’s Golan Heights

NEWARK, New Jersey -- Genie Energy Ltd., an oil and gas exploration company and retail energy provider, said Tuesday that its Afek subsidiary has spudded its first exploratory well in the Golan Heights region of Northern Israel.

HHI hands over world’s largest cylindrical FPSO to Eni

SEOUL, Korea -- Hyundai Heavy Industries (HHI) has announced that Goliat FPSO, the world’s largest cylindrical FPSO ordered by Eni Norge, has sailed away from its yard.

PGS wins patent dispute with EMGS

Petroleum Geo-Services (PGS) has announced that Oslo District Court, in its judgment of Feb. 13, ruled in favor of PGS in the lawsuit filed by ElectroMagnetic GeoServices (EMGS) against PGS for patent infringement relating to PGS' Towed Streamer EM technology.

Lundin spuds wildcat southwest of Edvard Grieg

Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has announced that the drilling of exploration well 16/1-24 in PL338C has commenced.

Maersk Drilling names third XLE jackup

Maersk Drilling’s third XL Enhanced ultra-harsh environment jackup has been named at a ceremony held at the Keppel FELS shipyard in Singapore.

Statoil in minor discovery near North Sea’s Ekofisk field

Statoil Petroleum, operator of production license 146, is in the process of completing the drilling of wildcat well 2/4-22 S. The well resulted in a minor oil discovery.

Interior releases updated assessment for 2008 Chukchi Sea lease sale

The U.S. Department of the Interior announced the release of a Final Supplemental Environmental Impact Statement (FSEIS) for Chukchi Sea Lease Sale 193 on Thursday, which moves the Department one step closer to resolving federal court concerns regarding the 2008 oil and gas leases offshore Alaska.

Lundin in minor discovery northeast of Johan Sverdrup

Lundin Norway, operator of production license 674 BS, is in the process of completing the drilling of wildcat well 26/10-1. The well resulted in a minor gas discovery.

Gardner Denver introduces Black Diamond hydrostatic tester

Given the current belt-tightening in the oil and gas sector, everyone’s looking for ways to work smarter, more efficiently and with fewer people.

iStore launches WellBitz.com to help U.S. petroleum industry

The Information Store, a developer of oilfield software, has announced the commercial launch of WellBitz.com to give petroleum companies access to low-cost tools for managing properties, collaborating, storing, mapping, and analyzing oil field data.