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The price of Brent crude declined below $98 a barrel today due to weak demand and strong supplies.   Chances of a reduction in oil production by the Organization of the Petroleum Exporting Countries (OPEC) could not deter the price fall.   Reuters reported that November Brent traded 67 cents…
Norway-based geoscience data firm TGS has secured a further 3D survey in the deepwater Gulf of Mexico, under the Explorer Series data acquisition programme.   The company aims to begin the Panfilo multi-client survey, covering 11,500km² in the Lund and Henderson protraction areas of the central US Gulf, in the…
The price of Brent crude declined below $97 a barrel today due to excess supply and a strong US dollar, which outweighed concerns over growing political tensions in the Middle East.   Reuters reported that Brent declined 25 cents to $96.70 a barrel and US crude was down 10 cents…
TGS has unveiled the initial two ocean bottom seismic surveys to be undertaken in the US Gulf of Mexico (GoM) under its recently signed collaboration agreement with FairfieldNodal.   The projects include the Calypso full azimuthal nodal (FAN) survey and the Nessie FAN survey.   Located in the Eugene Island…
A US District Court judge has rejected BP's attempts to reclaim excessive compensation payments for the 2010 Deepwater Horizon disaster in the Gulf of Mexico.   The British oil and gas company paid hundreds of millions of dollars to the alleged victims of the spill through multiple businesses between August…
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