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)

ANADARKO: NEW GAS DISCOVERY OFF MOZAMBIQUE

May 17, 2012

Anadarko announced the discovery of a new, major natural gas accumulation within the Offshore Area 1 of the Rovuma Basin. The Golfinho exploration well...

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ROMANIA TO BECOME ENERGY-INDEPENDENT

May 17, 2012

Romania could become energy-independent in the next few years. Gas was found in the Romanian waters of the Black Sea in the Neptun block  of about...

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WEST AQUARIUS IN NEWFOUNDLAND, CANADA

May 17, 2012

Norwegian Statoil has reached an agreement to use Seadrill’s West Aquarius deepwater drilling rig for Statoil’s 2012-2013 exploration activities...

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ANADARKO: 3700 NEW WELLS OVER 10 YEARS IN UTAH

May 14, 2012

On May 8, 2012, U.S. Secretary of the Interior Ken Salazar signed the official Record of Decision, clearing the way for Anadarko’s Greater Natural...

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PROSERV SECURES WEATHERFORD SUBSEA BUSINESS

May 13, 2012

Proserv Group Inc., a leading global energy production technology services company headquartered in Aberdeen, Scotland, has acquired the subsea controls...

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SCORPION: FIRST THREE-LEGGED JACKUP

May 13, 2012

R.G. Le Tourneau  renowned inventor and innovator, was the first to develop a rack and pinion self-elevating unit, investing not less than $3 million...

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FALKLANDS: STEBBING PROSPECT WELL SPUD

May 12, 2012

FALKLANDS: STEBBING PROSPECT WELL SPUD - The UK Oil and Gas explorer focused on the Falkland Islands announces that drilling of the well 61-25-1 started...

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TOTAL: THREE-YEAR CONTRACT FOR OCEAN RIG OLYMPIA

May 11, 2012

Cyprus based Ocean Rig UDW has received a Letter of Award for its ultra deepwater drillship Ocean Rig Olympia from the French Total. The company said the...

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StimMAP LIVE: SCHLUMBERGER’s FRACTURE MONITORING

May 11, 2012

StimMAP LIVE microseismic fracture monitoring in real time provides fracture monitoring within 30 seconds of microseismic activity. Based on proprietary...

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BOND HELICOPTER DITCHES OFF ABERDEEN

May 11, 2012

Aberdeen Coastguard confirmed that a helicopter, Bond EC225 Super Puma,  has been forced to perform a controlled descent and ditch into the North...

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APACHE SECURES DEEPSEA METRO 1

May 10, 2012

Houston based Apache and partners, Pan Continental, Origin Energy, and Tullow Oil, announce that the Kenya L8 licence operator Apache Kenya has secured...

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A BLACK LION FOR DIAMOND OFFSHORE

May 10, 2012

The Houston based offshore drilling contractor announced that a subsidiary, Diamond Offshore Drilling Limited, has entered into a turnkey contract with...

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