The decommissioning of 21 old oil rigs in the Campos Basin, Rio de Janeiro state, will cost around 50 billion reais ($12 billion) over the next five years, a state official said.All 21 old rigs that will be decommissioned are operated by state-controlled oil company Petroleo Brasileiro SA…
Searcher Seismic, in cooperation with BGP, has completed the acquisition of the Triok broadband non-exclusive 2D seismic survey in the Northern Basins of Papua New Guinea.Following the acquisition of the Solomon Sea non-exclusive 2D in the northern basins of Papua New Guinea…
China's state-owned CNPC has started developing a new offshore shale oilfield near the Bohai Rim Basin, the company said via its official newspaper on Thursday.CNPC aims to produce 50,000 tonnes of shale oil from the Bohai Rim Basin in 2019…
The oil and gas producer in the Asia-Pacific region Santos has struck a joint venture (JV) agreement with fellow-listed Beach Energy to partner over four exploration permits in the Bonaparte basin, offshore northern Australia.The two companies will each hold a 50% JV interest in the four permits…
The new year began with a new government in Brazil and a new management controlling the national oil and gas company Petróleo Brasileiro. There are changes on the horizon for the company commonly known as Petrobras, but its new president Roberto…
Although much of the hype surrounding the Brazilian oil and gas market is directed toward the Santos Basin pre-salt, recent and older pre-salt discoveries in existing areas and on recently-awarded blocks within Campos Basin offer significant…
Eni has acquired from Shell a 32.5% interest in and operatorship of the Evans Shoal gas field offshore northern Australia. Evans Shoal is in Retention Lease NT/RL7, in the north Bonaparte Basin around 300km northwest of Darwin, where the Darwin liquefied natural gas (LNG) plant is operating…
Australia's Santos has agreed to partly fund and lead a new 3D seismic survey over the beehive prospect in Australia's Bonaparte Basin in return for an up to 80% farm-in option in the permit. Santos calls Beehive, which sits on the WA-488-P permit…
Carnarvon Petroleum has been awarded the shalow water AC/P62 permit in the Southern Vulcan Sub-basin, in the prospective Bonaparte Basin, on Western Australia’s North West Shelf. The large 1512sq km permit contains multiple attractive…
Searcher Seismic has made its entry into Argentina with four new multiclient projects. Map of Searcher's four multiclient projects off Argentina. Map from Searcher. Beginning in phases…
Searcher Seismic has announced entry into Argentina with four new multi-client projects. Commencing in phases, the first phase comprises of an Offshore Basin Analysis Report providing a regional framework to understand the offshore basins of Argentina…
CGG has started its Gippsland ReGeneration 3D reprocessing project in Australia’s premier Gippsland Basin, offshore southeast Australia. The project will offer the industry the highest-resolution 3D seismic data available in what CGG calls an 'extremely prospective' area…
ConocoPhillips has submitted its development proposal for the gas and condensate Barossa field in the Timor Sea, to Australian authorities for comment. The Barossa Area Development is expected to be a floating production, storage and…
ConocoPhillips is planning production testing on its latest Barossa field appraisal wells in the Bonaparte Basin, offshore Australia's Northern Territory, to support field development planning. According to partner Santos, positive results…
ConocoPhillips has completed its latest appraisal well on the Barossa field in the Bonaparte basin, offshore Australia's Northern Territory. The firm is now plugging and abandoning the well and will move to drill a second planned appraisal well…
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