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)

SUBSEA 7 ORDERS NEW REEL-LAY VESSEL

September 07, 2017

Subsea 7 S.A. announced that it has signed a letter of intent with Royal IHC in the Netherlands for the construction of a new reel-lay vessel and associated...

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GAZPROM NEFT SHIPS 10-MILLIONTH TONNE OF OIL FROM NOVY PORT

September 07, 2017

The total volume of oil shipped under Gazprom Neft’s logistics scheme in the Russian Arctic has now reached 10 million tonnes, with the latest 100,000-tonne...

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HURRICANE IRMA MAKES LANDFALL IN THE CARIBBEAN

September 06, 2017

Monster Hurricane Irma packing fierce 185 winds, made landfall in the northeast Caribbean early Wednesday, slamming into Barbuda and Antigua as it headed...

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STONE ENERGY ANNOUNCES RAMPART DEEP SUCCESS

September 06, 2017

Stone Energy Corporation announced drilling results from the deep water Rampart Deep well at Mississippi Canyon Block 116. Stone generated the prospect...

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SEMCO TO UPGRADE WEST ELARA JACKUP

September 06, 2017

Semco Maritime has been chosen to prepare the West Elara jack-up rig for a new assignment for ConocoPhillips. The company has won the contract to upgrade...

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PETROFAC TO BUILD KIYIKOY GAS TERMINAL IN TURKEY

September 06, 2017

Petrofac has been awarded an Engineering, Procurement and Construction (EPC) contract, valued at approximately 340 million euros, with South Stream Transport...

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PERLAN II GLIDER SOARS INTO HISTORY

September 06, 2017

Airbus Perlan II, the world’s first initiative to send an engineless aircraft to the edge of space, made history in the Patagonia region of Argentina...

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NORWEST SPUDS XANADU-1 WELL IN WESTERN AUSTRALIA

September 05, 2017

Norwest Energy NL, the Operator of Permit TP/15, advised that the Xanadu-1 conventional oil exploration well commenced drilling operations at 15:00 hours...

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PetroSA and ROSGEO TO DEVELOP OIL AND GAS BLOCKS IN SOUTH AFRICA

September 05, 2017

PetroSA, the Oil and Gas Corporation of South Africa, and Rosgeo, geological exploration company of the Russian Federation, have signed an agreement that...

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TAHKOLUOTO: FINLAND’S FIRST OFFSHORE WIND FARM

September 05, 2017

Suomen Hyotytuuli Oy celebrated the world’s first offshore wind farm’s for icy conditions, Tahkoluoto offshore wind farm’s take-over on Thursday...

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ODEWAYNE 2D SURVEY COMPLETED IN SOMALILAND

September 05, 2017

Sterling Energy, the AIM listed oil and gas exploration and production company based in London, announced that the Government sponsored 2D seismic program...

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KRISENERGY HIRES PV DRILLING JACKUP

September 04, 2017

Petrovietnam Drilling and Well Service Corporation (PV Drilling) announced that PV Drilling has entered into a contract on 21st August, 2017 for provision...

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