TGS has announced that a supermajor has entered into a multi-year enterprise agreement for the licensing of TGS’ Imaging AnyWare seismic imaging software suite.
TGS has announced that a supermajor has entered into a multi-year enterprise agreement for the licensing of TGS’ Imaging AnyWare seismic imaging software suite. Under the terms of the agreement, the supermajor will deploy the Imaging AnyWare software across its global exploration and production operations. This agreement also establishes collaborative R&D opportunities between the two companies.
The US Bureau of Land Management has leased 31 parcels totalling 20,399 acres in New Mexico and Oklahoma for $326,811,240 during a quarterly oil and gas lease sale. This sale brought in over $218,751 for a single acre, the highest ever earned during a BLM competitive oil and gas lease sale since at least the 1987 Leasing Reform Act. The sale is also the second highest for total bonus bids received at over $316 million and third highest for bid on a single parcel at over $70 million.
The Albanese government in Northern Australia has opened five areas areas for offshore gas exploration in the Otway Basin. Applications for exploration permits will close on 30 June 2026. The Albanese government has also published revised offshore guidelines for retention leases and work-bid programs, following an open consultation process.
Viridien is expected to report fourth quarter 2025 segment revenue of more than $1.15 billion, including more than $440 million in Geoscience (+10% year-on-year) and more than $400 million in earth data. Solid cash flow generation above $130 million is being allocated to debt repayment, which stood at around £750 million at year end.
The Philipiines has discovered a big natural gas field at the Malampaya East 1 (MAE-1) reservoir, the first in over a decade. The discovery is about 5 km east of the existing Malampaya field and is estimated to contain around 98 billion cubic feet of gas in place.
