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The merger of TGS and PGS forms a powerhouse in the energy sector, enhancing its capabilities to support energy exploration and production on a global scale. This integration will enable the company to leverage a wider pool of technological resources and expertise, significantly boosting its operational efficiency, innovation and customer engagement strategies. View the full article
PetroAI will utilize TGS' extensive subsurface, production and well data to create advanced AI models capable of accurately predicting well performance and identifying design sensitivities. This partnership offers quick access to pre-built, high-quality models tailored for both Proved Developed Producing (PDP) and Proved Undeveloped (PUD) wells at county or basin levels. View the full article
This initiative will rejuvenate the remaining 2D and 3D data in Liberia's prospective Liberia and Harper basins. The project will integrate existing legacy datasets to create a unified velocity model in depth, utilizing cutting-edge imaging algorithms to produce the final migrated seismic data. View the full article
This collaboration enables E&P companies to seamlessly access TGS' licensed production, completions, and cost data via the ComboCurve platform, with fully automated data integration that requires minimal technical infrastructure. View the full article
TGS anticipates significant uplift in quality beyond the original PSTM data which was acquired in 2012. Utilization of modern imaging techniques, including full waveform inversion, will enable a significantly enhanced evaluation of the prospectivity of the area. View the full article
Under this agreement, TGS holds the exclusive rights to license all of Tanzania’s offshore mainland data on behalf of the government. The agreement also grants TGS the authority to conduct future acquisition of new seismic data and to reprocess existing data. Additionally, it includes support for upcoming licensing rounds, which are anticipated to commence in 2025. View the full article
Recent exploration in deepwater and neighboring regions has revealed significant potential in the Cretaceous channel sand plays and shelf clastics above the carbonate platform. Untapped potential also exists in the carbonate platform and syn-rift areas. View the full article
Supported by TGS' extensive geological database, which includes data from over 425,000 wells and various interpretive products in the Permian basin, this survey offers a comprehensive resource for exploration and development. View the full article
This four-month extension to an existing contract will build on existing operations. The project is expected to enhance the client’s seismic data acquisition capabilities, facilitating more informed decision making. View the full article
Scheduled for release in early August, the carbon storage assessment is constructed from the largest subsurface library in the world comprising formation tops, petrophysically interpreted logs, and reservoir property maps, including the maximum carbon storage volume per formation. View the full article
TGS, a global provider of energy data and intelligence, has expanded its coverage of numerical weather prediction (NWP) model data. The latest model covers a 400,000 square kilometers area off the East Coast US, extending from Massachusetts to North Carolina. View the full article
TGS and WesternGeco announced the continuation of their ultra-long offset ocean-bottom node acquisition in Green Canyon, U.S. Gulf of Mexico. Data processing and imaging are by WesternGeco. View the full article
Texas Governor Greg Abbott is pushing regulators to strengthen incentives for fossil fuel and nuclear power generators in an effort to avoid a repeat of deadly blackouts seen this winter. View the full article
Two production trains are increasing production already. They will be followed by the third train as early as the end of next week. Full production is expected in August, people said, asking not to be identified because the information was not made public. View the full article
The Department of the Interior announced that Texas has been awarded an initial grant of $25 million from the Infrastructure Investment and Jobs Act to begin work to plug, cap and reclaim orphaned oil and gas wells across the state. View the full article
Some of the worst fire conditions in a decade are going to sweep across Texas and the southern Great Plains, threatening key shale-oil fields, slaughterhouses and farms. View the full article
Energy Workforce & Technology Council (EWTC) issued a statement applauding the introduction of S.4405, the "Natural Gas Tax Repeal Act," by U.S. Senator Ted Cruz. If passed, the act would repeal the recently implemented tax on methane emissions, a move that the EWTC believes is crucial for the future of the energy industry. View the full article
The Railroad Commission of Texas will soon begin plugging more wells to continue its strong track record of plugging abandoned oil and gas wells in Texas. View the full article
The Texas Railroad Commission has approved the Fiscal Year 2023 Oil and Gas Monitoring and Enforcement Plan, which outlines a stronger inspection process and enforcement procedures for evaluating every oil and gas facility at least once every five years. View the full article
The Railroad Commission of Texas (RRC) has imposed more than $2 million in fines on operators and businesses for violations within the state's oil and gas industry. View the full article
The Railroad Commission of Texas (RRC) assessed $1,008,396 in fines, involving 228 enforcement dockets against operators and businesses at the Commissioners’ Conference on Wednesday. View the full article
The Railroad Commission of Texas (RCC) has launched State Tracking and Reporting (LoneSTAR), a project that further improves efficiencies at the agency to save time and resources for oil and gas operators as well as RRC staff. View the full article
Earlier this week, Texas Railroad Commissioner Jim Wright testified before the U.S. House Committee on Natural Resources, where he spoke in favor of bipartisan legislation to provide states with more flexibility to utilize the orphan well plugging funds provided to states under the Infrastructure, Investment, and Jobs Act. View the full article
Texas’s top oil and gas regulator voted Tuesday to more clearly define who’ll be at the top of the list to keep receiving electricity during severe winter weather, closing an earlier draft loophole that critics said would’ve let any operator pay just $150 to opt-out of expensive upgrades. View the full article
Following recent reports that the Biden Administration’s federal moratorium on new liquified natural gas (LNG) export plants is prohibiting Ukraine from purchasing American LNG, Railroad Commissioner Wayne Christian slammed the administration’s policy and called on the president to rescind the ban. View the full article
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About this blog
I started this blog to express what I sense about the highs and lows of the oil realm, while cautiously analysing historical data, taking into account the geo-political development at the time of recording them.
I got into this field, having been a passive observer of fluctuations of crude oil prices and their global consequences for years.
Then, when on the day of Great Oil Crash in April, 2020, I made a decision to make my own blog, with the motto, ‘analysing data that really matters’.
Having come from an academic background in mathematics and physics, I analyse data using my own tools, created with JavaScript and Python, taking my decision on board while making decisions.
