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)

LNG TANKER PACIFIC BREEZE NAMED IN JAPAN

September 14, 2017

INPEX Corporation announced that a naming ceremony was held for the LNG tanker that will supply liquefied natural gas (LNG) from the INPEX-operated Ichthys...

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SCHLUMBERGER UNVEILS DELFI COGNITIVE

September 13, 2017

Schlumberger unveiled the new DELFI cognitive E&P environment at the SIS Global Forum. This environment enables collaboration across exploration and...

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BYRON HIRES ENSCO 68 FOR SOUTH MARSH ISLAND PROGRAM

September 13, 2017

Byron Energy has executed a drilling contract with Ensco, under which the Ensco 68 jack-up rig will be provided for Byron’s South Marsh Island Block...

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VAN HOOL HYDROGEN-POWERED EXQUI.CITY TRAM BUSES

September 13, 2017

Van Hool, the independent Belgian bus, coach and industrial vehicle manufacturer has won a contract in Pau, France, to supply 8 Exqui.Cities, known as...

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BP AND BRIDAS FORM PAN AMERICAN ENERGY

September 13, 2017

BP has agreed with Bridas Corporation to form a new integrated energy company by combining their interests in the oil and gas producer Pan American Energy...

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5 KILLED AT ASL MARINE SHIPYARD IN BATAM

September 12, 2017

Five people have died and one has been injured following a fire that occurred at an ASL Marine shipyard in Batam, Indonesia. According to local reports...

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SHELF DRILLING SECURES NEW CONTRACTS

September 12, 2017

Shelf Drilling has secured a two-year contract for each of the Shelf Drilling Tenacious and the Shelf Drilling Mentor with Dubai Petroleum. Each contract...

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DONG ENERGY TO BUILD WORLD’S BIGGEST OFFSHORE WIND FARM

September 12, 2017

DONG Energy has been awarded a contract to build its Hornsea Project Two offshore wind farm, at the lowest-ever price for offshore wind in the UK. At GBP...

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GOM: LLOG TO BEGIN EXECUTION OF BUCKSKIN PROJECT

September 12, 2017

LLOG Exploration Company and all of its working interest partners have taken several key steps to begin execution of the previously-approved Buckskin Project....

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NUSCALE LAUNCHES UK SMR ACTION PLAN

September 11, 2017

Leading U.S. nuclear technology developer NuScale Power has launched a bold action plan for the near-term deployment of innovative small modular reactors...

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BAKER HUGHES WINS PETROBEL SUBSEA CONTRACT FOR SUPER GIANT ZOHR

September 11, 2017

In a signing ceremony hosted by H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt, Baker Hughes, a GE company announced a...

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LAST TURBINE INSTALLED AT DUDGEON WIND FARM

September 11, 2017

This week saw the last of the 67 wind turbines being installed on the Dudgeon field and all of them are now producing electricity. During October, the...

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