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)

WESTERNGECO BAGS 4D SEISMIC CONTRACT IN THE GJOA LICENSE

June 06, 2017

Engie E&P Norge has awarded WesternGeco two contracts for acquisition and processing of towed 4D seismic data in the production license 153, the Gjoa...

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TechnipFMC WINS CORAL SOUTH FLNG PROJECT

June 05, 2017

TechnipFMC, together with JGC Corporation and Samsung Heavy Industries, all partners in the TJS Consortium where TechnipFMC is leader, has been awarded...

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TGS WEST LINDSEY 3D SEISMIC SURVEY

June 05, 2017

TGS announces its second Permian seismic project in 2017: the West Lindsey 3D multi-client seismic survey is located to the southwest of the previously...

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OCTANEX SPUDS FIRST WELL IN OPHIR FIELD OFFSHORE MALAYSIA

June 05, 2017

Octanex has spudded the Ophir A1 development well using the UMW Naga 2 jackup mobile drilling unit. Ophir A1 is the first of three planned production wells...

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ABB TECHNOLOGY FOR TENGEH PHOTOVOLTAIC TEST BED IN SINGAPORE

June 05, 2017

Pioneering technology leader ABB is providing critical components on a landmark one megawatt Tengeh floating solar photovoltaic test-bed in Singapore....

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THE LEGEND OF COAL OIL JOHNNY

June 04, 2017

John W. Steele was born in Shakleyville, Pennsylvania in 1843. He was raised on a farm in the serene Allegheny Mountains. The poor farm boy spent his days...

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THREE MILE ISLAND NUCLEAR POWER PLANT TO CLOSE IN 2019

June 03, 2017

Exelon Corporation said it will prematurely retire its Three Mile Island Generating Station (TMI) on or about September 30, 2019, absent needed policy...

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PORT OF ROTTERDAM TO CREATE MAASVLAKTE 2 FOR WIND FARMS AT SEA

June 03, 2017

The Port of Rotterdam is creating space for an offshore centre for wind energy at sea, decommissioning (the dismantling of oil and gas platforms) and the...

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BP TRINIDAD & TOBAGO MAKES GAS DISCOVERIES

June 02, 2017

BP Trinidad & Tobago (bpTT) today announced that it has made two significant gas discoveries with the Savannah and Macadamia exploration wells, offshore...

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LAUNCH OF CORAL SOUTH LNG PROJECT IN MOZAMBIQUE

June 02, 2017

ENI and the authorities of Mozambique participated today to the launch of the Coral South LNG project implementation phase. Coral South is the first project...

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WARTSILA INTRODUCES ENIRAM SKYLIGHT 2.0

June 02, 2017

Eniram, a Wartsila company, has introduced a major update to its performance monitoring system targeted at commercial shipping operators. The Eniram SkyLight...

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NOBLE ENERGY SELLS MARCELLUS MIDSTREAM TO QUANTUM ENERGY

June 02, 2017

Noble Energy announced that it has signed a definitive agreement to divest the holding company which owns a 50 percent interest in CONE Gathering and 21.7...

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