Eco Oil & Gas (Atlantic) is planning seismic surveys after receiving a one-year extension on two exploration licenses off Namibia. The extension to the Guy (2111B & 2211A) and Sharon (2213A & 2213B) licenses, both in the Walvis basin, will…
Globetrotting. OE sought to uncover which new offshore regions are being targeted as potential new markets. Here’s what our think tank had to say: “Geographically, what offshore region will emerge next as a new market?” Chariot…
A group of 24 nations and the EU are meeting in Bremerhaven, Germany, July 11-16, to discuss revised proposals to create two marine protected areas (MPAs) in the ocean surrounding Antarctica. If approved, these may become the largest marine reserves on Earth…
A subsidiary of Brazil-based explorer HRT said its first exploration well offshore Namibia has found oil - but not in commercial volumes. HRT Walvis Petroleum said the well, Wingat-1 2212/07/1 in PEL-23, spudded on March 25, was drilled in water about 1…
HRT's wholly-owned subsidiary HRT Walvis Petroleum Ltd., has the spud-in of the Murombe-1 (2212/06-1) off Namibia, the second offshore well in its back-to-back exploratory drilling campaign. The well is targeting the Murombe Prospect…
HRT’s wholly-owned subsidiary HRT Walvis Petroleum Ltd., spud the Wingat-1 (2212A/07) exploration well offshore the Republic of Namibia. The Wingat-1 well, which targets the Wingat Prospect inside Petroleum Exploration License 23, is located…
Exploration is expanding from West Africa’s Sierra Leone to Namibia, explains Bruce Nichols, led by sustained high oil prices, improving technology, relative political stability and a more supportive operating environment. Cobalt’s potentially…
HRT's wholly-owned subsidiary HRT Walvis Petroleum Ltd., spud the Wingat-1 (2212A/07) exploration well offshore the Republic of Namibia. The well is the first in HRT's back-to-back exploratory program in the Walvis Basin, the company announced on 25 March 2013…
Rune Eng, president and CEO, provides the answers to why Spectrum is emerging as a key player in the market for multiclient marine seismic surveys and where the company is heading with its business. Before joining Spectrum in 2010 Rune…
Repsol said its upstream unit was becoming its growth engine after posting a 56% growth in operating income to €2.208 billion compared to a 6.1% drop in the firm’s overall net income.The firm said the increase in upstream business “demonstrated…
Andrew McBarnet assesses the state of the marine seismic business and where it is going in 2013.Rarely, if ever, can the marine seismic business have been so busy in so many places around the world. Demand for surveys is nearly at an almost all-time high…
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