TGS ASA and PGS ASA have announced that they have agreed the principal terms of a combination of TGS and PGS to create a strong full-service energy data company.
Feature Articles
GECF announces key milestone: 7th Summit of Heads of State Date in Algeria
All eyes will be on Vladimir Putin's movements as the Gas Exporting Countries Forum convenes the 4th High Level Ad-Hoc Working Group meeting at the GECF Secretariat.
All is Quiet Except on the Western (Australian) Front
Strikes are the only thing keeping shoulder season prices buoyant.
Volatility has returned to gas markets as workers at Chevron’s Wheatstone platform and LNG facility, as well as the Gorgon LNG facility, went on strike on 8 September after the five-day negotiations with the US supermajor failed.
In a gas and LNG market update, Rystad Energy’s vice president Kaushal Ramesh noted that the front-month Title Transfer Facility (TTF) had opened at over $12 per million British thermal...
Report Finds Growing Role for Natural Gas in Fuelling WA Economy
An independent report into Western Australia’s gas market has highlighted the growing importance of natural gas in WA’s energy mix and the need for investment in new supply.
Gas Investment Critical as AEMO Warns Blackouts Looming
The urgent need for new gas supply has been laid bare in an independent report warning of a “material risk” to Australia’s power supplies because of future gas shortfalls and a lack of investment in gas generation.
PGS-TGS-SLB Consortium Secures Pre-Funding to Seismic Coverage in the Sarawak Basin
The survey will cover approximately 5,300km² for which the Ramform Sovereign is currently mobilizing with completion of acquisition expected late November.
Tamboran Intersects 90-metres High quality Mid Velkerri B Shale in the Beetaloo
Tamboran Resources has announced two major milestones as the Shenandoah South 1H (SS1H) well in EP 117 reached a Total Depth (TD) of 3,300 metres, intersecting approximately 90 metres of high quality Mid Velkerri B Shale with strong dry gas shows.
Sercel Launches MetaBlue: A Data-driven Marine Seismic Survey Management Solution
Sercel has announced the launch of MetaBlue, which it describes as a ‘ground-breaking data-driven solution for marine seismic survey planning and management’.
US Shale Reinvestment Rates Hit three-year High Amid Inflation and Muted Oil Prices
The reinvestment rate of US shale oil producers hit its highest level in three years in the second quarter of 2023, but the recent trajectory will not last, according to Rystad Energy research.
PGS Gets Contract Award amid Ramform Victory Scheduling Reshuffle
PGS has been awarded a 3D exploration acquisition contract offshore Africa and said a Ramform Titan Class vessel was expected to mobilize for the 4-5 month survey in the fourth quarter.