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)

INPEX STEPS IN WESTERN BARENTS SEA

September 18, 2017

   Tokyo based Inpex announced today that through its subsidiary Inpex Norge AS, it has entered into an agreement to acquire a 40% participating...

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InAPRIL SUCCESSFULLY TESTS NODE-BASED SEISMIC SYSTEM VENATOR

September 18, 2017

The Norwegian seismic equipment supplier inApril AS announces that it on 17-23 August successfully carried out a full-scale sea trial of its fully integrated...

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EIA INTERNATIONAL ENERGY OUTLOOK 2017

September 18, 2017

In the International Energy Outlook 2017 Reference case, total world energy consumption rises from 575 quadrillion British thermal units (Btu) in 2015...

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WRECKAGE OF THE USS INDIANAPOLIS FOUND IN THE PHILIPPINE SEA

September 17, 2017

   At 12:14 a.m. on July 30, 1945, the USS Indianapolis was torpedoed by a Japanese submarine in the Philippine Sea and sank in 12 minutes. Of...

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HARMONY: VISION FOR THE FUTURE OF ELECTRICITY

September 16, 2017

To meet the growing demand for reliable, affordable and clean electricity, the world needs all low-carbon energy sources to work together as part of a...

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SEARCHER SEISMIC ENTERS ARGENTINA

September 15, 2017

Searcher Seismic has announced entry into Argentina with four new multi-client projects. Commencing in phases, the first phase comprises of an Offshore...

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WOOD GROUP WINS CONTRACT FOR LINGSHUI DEVELOPMENT

September 15, 2017

Wood Group has been awarded a new contract by China National Offshore Oil Corporation (CNOOC) to support their Lingshui 17-2 gas development in the Qiongdongnan...

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AZERBAIJAN: STATOIL SIGNS FOR 25 MORE YEARS IN ACG FIELD

September 15, 2017

The Azerbaijan Government and the State Oil Company of the Republic of Azerbaijan (SOCAR) together with BP, Statoil, Chevron, INPEX, ExxonMobil, TPAO,...

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DONG AND NaiKUN TO DEVELOP HAIDA ENERGY FIELD IN CANADA

September 15, 2017

DONG Energy and NaiKun Wind Energy Group have signed a Letter of Intent (LOI) which gives DONG Energy the exclusive rights to negotiate a joint development...

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ARMADA KRAKEN OFFLOADS FIRST CARGO

September 14, 2017

Bumi Armada Berhad, Malaysia-based international offshore energy facilities and services provider announced that its Armada Kraken FPSO, operating on the...

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SCHLUMBERGER INTRODUCES DrillPlan SOLUTION

September 14, 2017

Schlumberger introduced DrillPlan digital well construction planning, the first step in the DELFI cognitive E&P environment. The DrillPlan solution...

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DNV GL OPENS CHIL TEST BENCH FOR GREEN ENERGY SYSTEMS

September 14, 2017

   DNV GL, the world’s largest resource of independent energy experts and renewables certification body, has opened the first control hardware...

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