CHEVRON TERMINATES CONTRACT FOR THE DISCOVERER CLEAR LEADER

Transocean announced that a subsidiary of Chevron elected to exercise its contractual option to terminate the drilling contract for the ultra-deepwater drillship Discoverer Clear Leader, effective November 2017, prior to its expiration in October 2018. In accordance with the contract terms, Transocean will be compensated through a lumpsum payment of approximately $148 million in contract termination fees, which is the present value of the operating dayrate less the operating costs per day. The payment is expected to be received in the fourth quarter of 2017. Transocean Clear Leader was delivered in 2008 at Daewoo shipyard at Okpo in South Korea. (Source: Transocean - Image: Tiffany Carvalho)

GE APL SOLUTION SELECTED BY NIGERIA LNG

September 21, 2017

Baker Hughes, a GE company has signed an agreement for the provision of Asset Performance Management (APM) software and services for LNG trains and related...

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MUBADALA EXTENDS ATWOOD ORCA CONTRACT

September 21, 2017

Atwood Oceanics announced that one of its subsidiaries has agreed to a four-month extension on the jackup rig Atwood Orca with Mubadala Petroleum for drilling...

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WESTINGHOUSE SAFETY SYSTEMS FOR ZAPORIZHIA NPP IN UKRAINE

September 21, 2017

Westinghouse Electric Company announced that it has signed a contract with Ukraine’s State Enterprise National Nuclear Energy Generation Company Energoatom...

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STATOIL TO PARTICIPATE IN THE TECHSTARS ENERGY ACCELERATOR

September 20, 2017

Techstars will reach out through its global network to identify, recruit, and select the world’s ten most promising energy innovators and entrepreneurs...

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HARVEY AND FPSO’s MAINTENANCE HIT PETROBRAS PRODUCTION

September 20, 2017

In August, total oil and natural gas output reported by Petrobras was 2.72 million barrels of oil equivalent per day (boed), of which 2.61 million boed...

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SIEMENS D8 PLATFORMS FOR TWO FRENCH PROJECTS

September 20, 2017

Siemens Gamesa Renewable Energy, through its fully owned subsidiary Adwen France SAS, plans to deliver its 8 MW offshore wind turbine, the D8, in two projects...

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OMV PETROM STARTS DRILLING CAMPAIGN IN THE ISTRIA BLOCK

September 20, 2017

Romania’s OMV Petrom, the largest oil and gas producer in South Eastern Europe, announces the start of a new drilling campaign in the shallow waters...

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TOTAL PARTNERS WITH EREN RE TO EXPAND ITS RENEWABLES BUSINESS

September 19, 2017

Total has signed an agreement with EREN RE to accelerate its growth in the production of power from renewable sources. Total will acquire an indirect interest...

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ROSNEFT TO DEVELOP IRAQI KURDISTAN EXPORT PIPELINE PROJECT

September 19, 2017

Rosneft has completed its due diligence on infrastructure of the export oil pipeline in Iraqi Kurdistan (KROP) and will shortly finalise the legally binding...

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WARTSILA INTRODUCES ECO-FRIENDLY HYTug SERIES

September 19, 2017

The technology group Wartsila is introducing a new portfolio of tug designs, to be known as the Wartsila HYTug series, with the emphasis on environmental...

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BRISTOW AWARDED CONTRACT FOR TWO SIKORSKY S-92

September 19, 2017

Together, Statoil and Eni have awarded Bristow the contract for one SAR helicopter, and one transport helicopter, which can be converted to a SAR helicopter...

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SDX STARTS DEVELOPMENT DRILLING IN SEBOU, MOROCCO

September 18, 2017

London based SDX Energy, the North Africa focused oil and gas company, announced the spud of its KSR-14 development well on the Sebou permit in Morocco....

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