Canada’s Antrim Energy Inc. announced that recent evaluations have shown frontier exploration license (FEL) 1/13 in the Porcupine basin off Ireland’s west coast to contain what could be massive resources: an estimated unrisked prospective resource potential of 1…
SeaBird Exploration Plc announced that the survey vessel, Aquila Explorer, received a letter of award for a 2D seismic survey in Australasia. The survey will cover a minimum of 10,000km and will have an estimated value of approximately US$11 million…
Paradigm released the latest extension of its Paradigm 14 solution suite. This version, Paradigm 14.1, enables broadband processing, high definition (HD) imaging, quantitative interpretation, and advances toward high-definition earth modeling…
Portugal-based Galp Energia’s recent drilling campaign at the Tao-1 exploration well in the Tarfaya block off Morocco was unsuccessful, partner Tangiers Petroleum announced 28 July 2014. Australian-based Tangiers Petroleum, which holds 25% interest in the Tarfaya block…
A 2D seismic acquisition program has started in the Kara Sea, said Russia's Rosneft, a partner with ExxonMobil in the area. The program started 24 July using the research vessel Geolog Dmitry Nalivkin. The survey, covering 7000sq km…
Launched in 2010, CGG’s Oceanic Vega is a purpose-built high-capacity seismic vessel optimized for reduced noise and fuel consumption. It carries DNV-CLEAN notation for the lowest environmental impact. Photo from CGG…
A July 2014 poll revealed that if the US produced more oil and natural gas, it would greatly benefit job creation, increase government revenue and strengthen national security. API and Harris Interactive Poll According to a recent…
TGS has is to start two multi-client geochemical seafloor sampling and seep studies offshore Canada and in the Barents Sea. Sampling locations for both programs were identified using recently acquired multi-client seismic data. The Labrador…
Colombia's National Hydrocarbons Agency (ANH) received bids from four companies for just five of 19 offshore areas offered in its 2014 licensing round. Spains's Repsol, as operator, was awarded the COL4 license, in the Caribbean Sea, with partners Statoil and ExxonMobil Exploration Colombia…
Statoil has completed its joint venture seismic acquisition project in the southeastern Barents Sea, carried out in advance of the Norwegian Continental Shelf’s upcoming licensing round. “This information will constitute an important…
Soma Oil & Gas Exploration, a Somalia-focused exploration company, today issued its audited annual report and financial statements for 2013. On 6 August 2013, Soma signed a Seismic Option Agreement (SOA) with the Ministry of National Resources of the Federal Government of Somalia…
London-based independent Tullow Oil agreed to acquire up to 40% interest in the Cooper block, block 2012A, in the Walvis basin offshore Namibia, Eco (Atlantic) Oil & Gas announced on 17 July 2014. The terms of the farm-in includes Eco…
High costs and regulatory and fiscal uncertainties could have caused a drop in exploration and deal activity on the UK Continental Shelf (UKCS), according to business advisory firm Deloitte. The firm’s Petroleum Services Group…
Paradigm announced the release of the latest version of its Geolog formation evaluation and petrophysics analysis solution suite. The release includes a plug-in that enables direct data transfer from Geolog to Petrel seismic to simulation software…
Electromagnetic Geoservices (EMGS) has received a contract worth US$2.7 million from OMV (Norge) and its partners in PL537 for 3D EM data acquisition in the Barents Sea. The survey will commence in July using the vessel Atlantic Guardian…
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