NXT Secures SFD Survey in Argentina
NXT Energy announced the awarding of a US $1.65 million contract with a new client to conduct an SFD® survey in southern Argentina. The survey is intended to allow the client to focus and fast-track their exploration resources on the most prospective areas within a new exploration block.
The client is a large privately owned Argentina business which has diversified interests in construction and energy exploration and production. NXT has commenced project planning, and is scheduled to mobilize and commence flight operations in the fourth quarter of 2011.
"This new project is further validation of the SFD® technology as an early stage exploration tool to focus client efforts in new and remote frontiers," said George Liszicasz, NXT's President and CEO. "Adding this client from an untapped Latin American market further demonstrates our growth strategy to expand SFD® adoption throughout the region."
NXT also notes that at the recent Latin America Next Generation Oil & Gas ("NGO&G") summit in Cancun, Mexico, NXT was awarded the "Summit Thought and Leadership Excellence" award by the attendees for its innovative SFD® survey system.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- USA Oil and Gas Job Figures Jump
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension