Eastern Trough Area Project News

 

CGG to Map Off Eastern Canada for BHP

Sep 06, 2019

Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a large-scale seismic imaging project in the offshore Orphan Basin in Eastern Canada by BHP, CGG announced on Thursday.The company said it will employ its FWI and least…

There’s Something Happening off Newfoundland

Aug 20, 2019

It’s hard to nail down when it all started — perhaps when the Canadian province of Newfoundland and Labrador opted for the Norwegian model of direct government ownership shares in its offshore oilfields.Or it might have started with Equinor’s…

Deepwater ... in the North Sea?

Aug 19, 2019

Once upon a time, many a year ago, the North Sea was seen as a new deepwater exploration frontier. Some may be surprised that it still is.Back in the 1960s, compared with the shallow waters of the Gulf of Mexico where drillers first got their feet wet…

TechnipFMC Bags Seagull iEPCI Award

Jul 22, 2019

TechnipFMC announced on Monday it has been awarded an integrated engineering, procurement, construction and installation (iEPCI) contract from Neptune Energy for the Seagull project, located in the UK North Sea.The contract, which is said to be worth $75 million-$250 million…

BP Relaunches Shearwater Oilfield Sale

Jun 07, 2019

BP is again seeking buyers for its stake in the Shearwater oilfield in the British North Sea after talks with Royal Dutch Shell fell through, industry and banking sources said.The talks between Shell, the field's operator, and BP failed due to disagreement over the value of the 27…

Moray Offshore Open to OWF

Jun 04, 2019

Moray Offshore Renewables Ltd (MORL), which is established to develop offshore wind generation,  has announced intention to open consultation on the development of offshore wind on the remainder of its zone in the Outer Moray Firth.In 2010,…

Ekofisk Shut Down: North Sea Output to Drop

Mar 20, 2019

Oil production in the North Sea will drop by 330,000 barrels per day (bpd) month-on-month in June 2019 as Ekofisk closes for planned work, according to Rystad Energy’s latest forecast.“Production is expected to remain stable through April 2019…

BOEM Plans Gulf of Mexico Lease Sale in August

Mar 13, 2019

The U.S. Bureau of Ocean Energy Management (BOEM) has proposed a Gulf of Mexico lease sale for August 2019, Interior’s Assistant Secretary for Land and Minerals Management Joe Balash and BOEM Acting Director Walter Cruickshank announced Tuesday…

BOEM Plans Gulf of Mexico Lease Sale in March

Feb 13, 2019

The U.S. Bureau of Ocean Energy Management (BOEM) said it will offer all available unleased areas in federal waters of the Gulf of Mexico during a region-wide lease sale scheduled for March 2019.BOEM said Lease Sale 252 will offer up 78 million acres…

New O&G Projects to Expected to Accelerate

Dec 17, 2018

The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said in a report.Shaken by a sharp drop in oil prices in recent months…

New US lease sale offers 76.9 million acres

Oct 24, 2017

The US Department of the Interior (DOI) has released details about proposed Lease Sale 250, which would offer 76.9 million acres in federal waters offshore Texas, Louisiana, Mississippi, Alabama, and Florida. The sale, scheduled for March 2018…

Timor-Leste prospectivity rises

Jul 06, 2017

Timor GAP, the national oil company of Timor-Leste, has identified 'world-class prospectivity' southeast of the island that the company believes to be a game changer for explorations in the region. Located in the Timor-Leste Exclusive Area…

PGS, TGS ramp up Newfoundland seismic activity

May 23, 2017

TGS and Petroleum Geo-Services (PGS) have announced two new multi-client 3D seismic projects offshore Eastern Canada. Following on from the recently announced 2017 2D seismic campaign and the Cape Broyle 3D, the two new projects  - East…

TGS, PGS expand Cape Broyle 3D survey

May 10, 2017

TGS and Petroleum Geo-Services (PGS) have expanded their jointly owned multi-client library offshore Eastern Canada. Map of Cape Broyle 3D, from TGS. The new Cape Broyle 3D survey…

DW: Subsea development is critical

Nov 22, 2016

The oil and gas industry is known for being cyclical, however, the current reality of a “lower for longer” oil price has made sanctioning large offshore projects financially unviable, Douglas-Westwood (DW) said. Many oil majors have opted to focus on subsea well tiebacks…

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