The US Bureau of Ocean Energy Management has postponed the Gulf of Mexico Lease Sale 257 that was due to take place last month.
The US Bureau of Ocean Energy Management has postponed the Gulf of Mexico Lease Sale 257 that was due to take place last month. President Joe Biden’s Executive Order 14008 on tackling the climate crisis effectively issued a moratorium on oil and gas leasing on public lands and offshore waters until completion of a comprehensive review of federal oil and gas activities.
Magseis Fairfield has won a new deep-water 4D Ocean Bottom Node (OBN) monitor survey in the US Gulf of Mexico for a repeat customer. The survey will be conducted with its ZXPLR technology, currently in use for projects in the same geographical area. Start-up is expected to be mid-Q2 2021, and the project will run for approx. two months.
Axxis Geo Solutions, the pure-play ocean bottom node seismic company, has failed to reach agreement with all creditors in order to implement a voluntary solution to refinance the company. Consequently, the company will file for court-protected reconstruction. The group of investors has expressed continued support for the company as part of a reconstruction process.
Egypt has announced the start of an oil and gas bid round in 24 blocks. The round, which concludes on 1 August, includes nine blocks in the Mediterranean Sea, 12 in the Western Desert and three in the Gulf of Suez. The tenders are being offered by the Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas (EGAS).
Earthmoves, the geological consultancy specialising in frontier oil exploration and salt tectonics, has ceased trading. Its founder Ian Davidson will remain active in research and the website will continue.
The UK Oil and Gas Authority (OGA) has received an application for a carbon dioxide appraisal and storage licence pursuant to Chapter 3 of the Energy Act 2008, in the Southern North Sea of the UK Continental Shelf
