UK competition watchdog launches inquiry into oil and gas seismic merger
The merging of seismic firms PGS and TGS hangs on UK competition watchdog approval after Norway gave the green light.
PGS
Seismic survey complete at Aker BP’s Poseidon CCS licence off Norway
Survey acquisition has now been completed across Aker BP and OMV’s Poseidon carbon storage licence in the Norwegian North Sea.
Seismic firms table $2.6bn merger deal
Norwegian seismic firms TGS and PGS have mooted plans for a merger that would create a $2.6 billion giant.
Norwegian company eyes Asia Pacific CCS with stake in Aussie player
Norway’s PGS will become a major shareholder in Perth-based deepC Store in exchange for PGS providing geological and geophysical advisory services. The pair said they have also agreed to explore broader collaboration opportunities in Asia Pacific for co-developing commercial scale carbon capture and storage (CCS) projects.
Exploration is back on the menu in Africa, with big finds and strong prices
Exploration is back, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
BP hands out southern North Sea CCS contract
Oil and gas giant BP (LSE: BP) has handed out a contract for work on a key North Sea carbon capture and storage (CCS) project.
Geophysical giants start seismic sweep offshore Sarawak
A consortium of PGS, TGS and WesternGeco have secured funding for a 6,400 sq km multi-client 3D seismic survey starting in October in the Sarawak basin offshore Malaysia.
Gabon sets out last steps for epic offshore licence round
Gabon will conclude its licensing roadshow in France or Switzerland on June 28, following an event in Texas on June 23.
PGS, ION complete innovative Shell work
PGS and ION Geophysical have completed a survey offshore Egypt using a new extended long offset (ELO) design.
Africa Energy seeks rig for third quarter
Africa Energy is seeking a rig to drill the Gazania-1 well, offshore South Africa in the third quarter of the year.
High costs and contradictions cloud Nigeria’s outlook
Companies working in Nigeria’s energy sector have called for a faster rate of change from the government.
TGS launches eFTG work in Egypt
TGS has launched its first regional airborne enhanced full tensor gravity gradiometry (eFTG) multi-client survey in Upper Egypt.
PGS completes Kwanza shoot
PGS has completed the acquisition of 3D seismic on Angola’s Kwanza shelf, which will be used in the country’s 2021 licence round.
Africa Energy plans four wells this year
Drilling is expected to go ahead as planned at South Africa’s Block 11B/12B, with the first Luiperd well due in June.
Senegal licence round goes live
Petrosen has officially launched its first offshore licence round, at a conference in Senegal, covering 12 blocks.
Senegal sets out bid round timetable
Senegal is officially launching its licence round on January 31, with applications required to be in by July 31.
Angola sets out its Namibe stall
Angola’s new regulator held its London roadshow on September 17, touting the new opportunities in its Namibe and Benguela basins.
PGS hopes to use seismic vessels to clean oceans
Norwegian oil and gas company Petroleum Geo-Services is seeking funding to develop its new concept for efficient, large scale collection of plastic in the oceans.
TGS to launch new seismic work off Guinea
TGS said it will acquire more than 11,500 km of 2D seismic data in the Republic of Guinea, Guinea Bissau and Senegal.
Second £20m seismic campaign completed on UKCS
A second £20million seismic data gathering campaign aimed at spurring exploration on the UK continental shelf has been completed.
OGA awards £20m seismic for UK North Sea
Industry regulator the Oil and Gas Authority (OGA) has awarded contracts for a second UK Government-funded £20million seismic campaign aimed at boosting North Sea exploration.
TGS to acquire more Eastern Canada seismic data
TGS said it plans to acquire more than 36,000km of 2D seismic data using two vessels during its 2016 season.
EMGS, PGS end patent dispute
Petroleum Geo-Services (PGS) and Electromagnetic Geoservices (EMGS) has reached a settlement agreement over a number of patent disagreements,
GC Rieber wins lawsuit over vessel payment
Norwegian shipping firm GC Rieber has won a EUR9million lawsuit by against it after a Bergen court district court ruled in its favour.
PGS expects multiclient write down by $105million
PGS (Petroleum Geo-Services) said it expects its multiclient library to be written down by $105million. The company said the library is accounted for on a survey by survey bases with any write downs normally related to surveys where the low oil price has had an impact.