SE Asia Oilfield Service Minnows Must Acquire or Expire
. We've already seen the beginning of it," said Alex Yeo, chief executive officer of OSV operator Swissco Holdings Ltd, which has recently taken over Scott and English Energy Pte Ltd to expand into the drilling rig owning and rental business. Long-term Outlook Most of the new oil and gas prospects in the region will come from offshore fields and in deepwater areas. The untapped resources are set to sustain demand for offshore services in the coming years - for those who are still around. "If you look at this part of the world, you see that the rise in E&P spending is higher
Seismic Survey Work for TGS, Offshore Benin
," commented Stein Ove Isaksen, Senior Vice President Eastern Hemisphere for TGS. "The 3D data will build upon current subsurface knowledge and provide improved imaging of deep Cretaceous and Tertiary strata. Interpretation of this data will lead to better delineation of oil and gas prospects over the acreage surveyed as well as a greater understanding of adjacent areas." The seismic data is being acquired by the BGP Prospector, with a 10 streamer configuration. Data processing will be performed by TGS using its proprietary seismic multiple elimination processing
Anadarko Turns 2012 Loss Into Q2 2013 Profit
Anadarko Petroleum Corp (APC.N) reports a quarterly profit compared with a year-earlier loss, as the U.S. oil and gas company's results were helped by higher natural gas prices, according to Reuters. Anadarko has big offshore oil and gas prospects, but like many other exploration and production companies, the Houston-based Anadarko is also working to increase output of crude from less expensive onshore shale wells in North America. The average sales price Anadarko received for natural gas in the quarter was $3.88 per thousand cubic feet equivalent, up 80 percent from a year ago, as inventories have
February 2024
