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)

SENEGAL: CAIRN HITS HYDROCABONS IN SANGOMAR DEEP

July 12, 2017

Cairn announces the results of the FAN South-1 well in the South Fan prospect offshore Senegal. The well encountered hydrocarbon bearing reservoir (Lower...

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NEW CONTRACTS FOR ENSCO DS-4, DS-10 AND DS-7

July 12, 2017

Ensco has been awarded three drillship contracts offshore West Africa, representing an aggregate three years of contracted term and more than six additional...

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DNO SPUDS THIRD PESHKABIR WELL IN KURDISTAN

July 12, 2017

DNO ASA, the Norwegian oil and gas operator, today announced resumption of appraisal drilling at the Peshkabir discovery on the Tawke license in the Kurdistan...

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TOTAL HIRES FRIGG JACKUP TO DRILL OFFSHORE NIGERIA

July 11, 2017

Newly formed BORR Drilling, in conjunction with the Nigerian partner company Valiant Energy Services Wesrt Africa has received a letter of commitment from...

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ERIN ENERGY TO SPUD OYO-9 OFFSHORE NIGERIA

July 11, 2017

Erin Energy Corporation provided an update today on its drilling operations that are expected to double production for the Company and also updated its...

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WOOD GROUP BAGS GREATER WESTERN FLANK 2 CONTRACT

July 11, 2017

Wood Group has secured a $6million contract with Woodside to support the execution of phase two of their Greater Western Flank (GWF-2) project, located...

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STATOIL DRILLING CAMPAIGN IN THE FLEMISH PASS BASIN DISAPPOINTS

July 11, 2017

Statoil, along with its partner, Husky Energy, has finalized a two-well exploration drilling program in the Flemish Pass Basin offshore Newfoundland. Both...

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NORWAY AND UK LIFT SUPER PUMA HELICOPTER BAN

July 10, 2017

On 29 April 2016, 13 people died when a CHC operated Super Puma helicopter, en route from Gullfaks B to Flesland, near Bergen, went down. A technical fault...

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VIETNAM DRILLING IN SOUTH CHINA SEA DISPUTED WATERS

July 10, 2017

BBC News and several news agencies including Reuters reported that Vietnam is carrying out drilling operations in the Block 136-03 of the South China Sea....

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SACGASCO TO DRILL DEMPSEY WELL IN THE SACRAMENTO BASIN

July 10, 2017

Sacramento Basin-focused natural gas developer and producer, Sacgasco Limited, an Australian-based energy company focused on conventional gas exploration...

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RIO GRANDE LNG TO SUPPORT BAHIA GRANDE RESTORATION PROJECT

July 10, 2017

The Brownsville Navigation District (“BND”) Board of Commissioners announced today a provisional commitment by Rio Grande LNG towards the restoration,...

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NEW METHANE CRATERS IN YAMAL PENINSULA

July 09, 2017

The Siberian Times reported that Russian scientists have located two fresh methane craters formed on Yamal peninsula this year, with the latest exploding...

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