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)

CHC AIRBUS H175 HELICOPTER COMPLETES FIRST FLIGHT IN ABERDEEN

September 11, 2017

CHC Helicopter celebrated the inaugural flight of CHC’s new Airbus H175 super-medium aircraft to the Ocean Patriot. “I am delighted to see the H175...

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KURDISTAN: DNO JOINS EXXONMOBIL ON BAESHIQA LICENSE

September 11, 2017

DNO ASA, the Norwegian oil and gas operator, announced an agreement with ExxonMobil to join the Baeshiqa license in the Kurdistan region of Iraq. DNO will...

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VOYAGER SPACECRAFTS KEEP REACHING THE STARS

September 10, 2017

In the late summer of 1977, NASA launched the twin Voyager spacecraft. These remote ambassadors still beam messages back to Earth 40 years later, with...

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DEEPEST FISH EVER RECORDED AT 8,178 m IN MARIANA TRENCH

September 09, 2017

A snailfish was filmed in the Mariana Trench at depths of 8,178 m, exceeding the past record of 8,152 m by 26 m. The depth was determined by conductivity,...

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DNV GL ENERGY TRANSITION OUTLOOK

September 09, 2017

DNV GL’s Energy Transition Outlook (ETO), a forecast that spans the global energy mix to 2050, predicts that global demand for energy will flatten in...

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CENOVUS SELLS GREATER PELICAN LAKE ASSETS

September 08, 2017

Cenovus Energy has entered into a definitive agreement to sell its Pelican Lake heavy oil operations, as well as other miscellaneous assets in northern...

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HEEREMA RETIRES SEMI-SUBMERSIBLE HERMOD

September 08, 2017

Heerema Marine Contractor’s semi-submersible crane vessel Hermod, an icon of the offshore industry, will retire at the end of this year after an impressive...

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KHANKENDI VESSEL LAUNCHED IN BAKU

September 08, 2017

The Shah Deniz consortium announced the launch of the Khankendi - a new flagship vessel for the Caspian. The state-of-the-art subsea construction vessel...

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STATOIL ACQUIRES INTERESTS IN TRANSKEI-ALGOA

September 08, 2017

Statoil has completed a transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35% interest in Exploration...

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GEOPARK DISCOVERS CURUCUCU OILFIELD IN COLOMBIA

September 07, 2017

GeoPark, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Chile,...

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PETROFAC WINS $700 MILLION CONTRACT ON SAKHALIN ISLAND

September 07, 2017

Petrofac has been awarded a contract worth more than US$700 million by Sakhalin Energy Investment Company (Sakhalin Energy) for its onshore processing...

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