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)

PETROBRAS: GAS DISCOVERY IN PERU

November 03, 2012

Pretrobras hit gas in the Madre  de Dios Basin, Peru. The 3 wells Urubamba, Picha and Traini drilled om the lease 58 encountered gas. Total recoverable...

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MURPHY FINDS OIL IN THE GULF OF MEXICO

November 03, 2012

Murphy oil from El Dorado, Arkansas, encountered oil at its exploratory well DC 134-1 in Dalmatian South. The field is located in the deep waters of the...

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NOVATEK ON TRACK AT THE YURKHAROVSKOE

November 02, 2012

Novatek, the second-largest natural gas producer in Russia announced the launch of the fourth stage of Phase Two development at the Company’s Yurkharovskoye...

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SHELL ENDS ARCTIC DRILLING CAMPAIGN OFF ALSAKA

November 02, 2012

Royal Dutch Shell announced that it concluded exploratory drilling, its mandatory cutoff date before winter. It completed preliminary drilling at one well...

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PAD DRILLING IN THE EAGLE FORD

November 01, 2012

The US oil and gas company Forest Oil introduces multi well pad drilling with one of its rigs in the Eagle Ford. Forest Oil plans to drill a four well...

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STATOIL: GOOD BYE GLITNE

November 01, 2012

Norwegian oil and gas major Statoil announced it will close the Glitne field in the North Sea after its lifetime has been extended several times and said...

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FALKLANDS: NEW FRONTIER FOR NOBLE ENERGY

October 30, 2012

Houston based Noble Energy acquired a 30% interest in the Falkland Northern area licenses in August 2012.  The license position consists of 40,000...

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FIVE YEAR CONTRACT FOR THE NEW BUILD BOLLSTA DOLPHIN

October 30, 2012

Dolphin Drilling Ltd., a subsidiary of Fred. Olsen Energy ASA, has entered into a contract with an undisclosed client, for the provision of the new build...

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CHINA & TAIWAN TO EXPLORE THE DEEPWATERS OF THE TAIWAN STRAIT

October 29, 2012

COOC the state controlled energy company and CPC, the Taiwanese state refiner are preparing to jointly explore the deep waters of the Taiwan Strait. A...

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HENRI G. DELAUZE FOUNDER OF THE COMEX

October 28, 2012

Henri Germain Delauze was born in the South of France in 1929. He was awarded a degree in engineering from the Ecole Superieure des Arts et Metiers in...

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ASIAN NATURAL GAS DEMAND SET TO SOAR

October 28, 2012

China and Japan are today the biggest natural gas consumers among the Asian countries. According to the US Fraser Institute the demand is going to soar....

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TNK-BP AND SCHLUMBERGER TO DEVELOP HARD TO FIND OIL

October 28, 2012

TNK-??, Russia’s 3rd largest oil company and Schlumberger, world’s leading oilfield services company. have signed a contract to jointly implement...

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