Upstream news

2G Robotics will join the Sonardyne group of companies, while remaining an independent business and brand, continuing to serve its customer base in unmanned and autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs).

The ultramodern data was acquired over blocks Z5-C and Z5-D and surrounding open acreage as part of a multi-client programme agreed between CGG and Mozambique’s Instituto Nacional de Petroleo (INP).

Rystad Energy forecasts that Guyana’s oil production could reach 1.2 million bpd by the end of the decade, lifting total annual oil revenues to about US$28 billion, assuming an oil price of about US$65/bbl.

The company has announced an increase in gross prospective resources to 5.14 billion boe in the Orinduik block offshore Guyana.

The Geoquip Marine survey vessel MV Investigator is at the proposed site for the NJOM-3 well, and is presently conducting the site survey.

The system will be installed on FTAI’s flagship DP3 vessel M/V Pride.

The deal was cancelled because of sanctions imposed by the US government on PDVSA, Venezuela's state energy company.

The survey will provide modern 3D data over held and vacant acreage in the frontier Papuan Basin.

The UK’s underwater engineering industry is set to recruit 8928 people in the next three years, according to the findings of a new report.

80 trillion ft3 of shallow gas resources has been discovered within an area of 5000 km2 between Abu Dhabi and Dubai.