The Australian government has approved 3D Oil’s proposal to acquire the Sauropod 3D marine seismic survey in the Roebuck Basin, within exploration permit WA-527-P.
The Australian government has approved 3D Oil’s proposal to acquire the Sauropod 3D marine seismic survey in the Roebuck Basin, within exploration permit WA-527-P. The survey will take a maximum of 60 days and will be acquired from January to April 2021.
Polarcus has entered into a contract with Eni for 3D seismic data acquisition services in Asia Pacific with an expected minimum duration of one month. The project is scheduled to commence in Q1 2021.
Halliburton has announced a net loss of -$1.7 billion for the second quarter of 2020. This compares to a Q1 net loss of -$1 billion. Adjusted net income for the second quarter of 2020, excluding impairments and other charges, was $46 million. This compares to adjusted net income for the first quarter of 2020, excluding impairments and other charges, of $270 million. Halliburton’s revenue in the second quarter of 2020 was $3.2 billion, a 37% decrease from revenue of $5 billion in the first quarter of 2020.
Schlumberger has announced a second quarter net loss before taxes of -$3.4 billion on revenues of -$5.4 billion. Net income excluding charges was $69 million.
Shell Australia is to acquire 100% of Select Carbon which partners with farmers and other landowners to develop carbon farming projects throughout Australia. Select Carbon has developed and manages a portfolio of more than 70 projects covering about 9 million hectares across different ecosystems and agricultural uses, including in Australia’s diverse rangelands.
Santos has commenced a concept study on hydrogen generation at the Cooper Basin. The concept study has been awarded to GHD. Natural gas would be decarbonized at its source to make ‘zero-emissions’ or ‘blue’ hydrogen. The carbon dioxide produced as a result would then be safely and permanently captured and stored in the same reservoirs that the gas came from.
