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Transocean Floater Transocean Barents Enters Contract
Transocean Ltd. (NYSE: RIG) announced today that the Transocean Barents, a harsh-environment, ultra-deepwater floater, has been awarded a 15-month contract with Suncor Energy at a dayrate of $260,000. The estimated contract backlog, excluding mobilization, is $119 million.
New LNG Carrier Delivered to MISC Berhad
MISC Berhad (MISC) held the naming and delivery ceremony of its new LNG carrier, Seri Camellia. The 150,200 cu. m. Liquefied Natural Gas (LNG) carrier is the first in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI) by MISC.
US Rig Count Recovery Hinges on $50 Oil Post-OPEC Meeting
U.S. oil drilling has seen its best quarter since crude prices tumbled two years ago mainly due to small operators returning to the well pad, but analysts say the continued recovery in the rig count depends on whether OPEC's output reduction plan can bring the market back to $50 a barrel.
Oil Workers Reject Petrobras Offer, Strike Possible
Brazil's largest oil workers' federation said Thursday its members voted overwhelmingly to reject a contract offer from Petroleo Brasileiro SA, or Petrobras, and were preparing for a possible strike. Leaders of the FUP union plan to continue talks with Petrobras starting at 2 p.m.
Total: Brazil Libra NW Prospect Holds 3-4 Bln Barrels of Oil
French oil company Total SA said the northwest section of the supergiant Libra offshore oil prospect in Brazil holds 3 to 4 billion barrels of oil, according to a investor presentation on its Web site. The wells, drilled in the region around the Libra pioneer well…
Scientists Uncover Explanation Hidden Ocean Swell Interactions
Better simulations of internal tides may benefit sonar communications, protect offshore structures, and more. In certain parts of the ocean, towering, slow-motion rollercoasters called internal tides trundle along for miles, rising and falling…
Keppel FELS Delivers Accommodation Unit to Floatel
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Floatel Triumph, a fifth high-specification accommodation semisubmersible (semi), to Floatel International Ltd (Floatel). The semi, which is built to Keppel's proprietary SSAUTM5000NG design…
FPSO MaMPU 1 Sails for Anjung Kecil Feild
A sail away ceremony was held for MISC Berhad’s Marginal Marine Production Unit (MaMPU 1), a fit-for-purpose FPSO for the development of marginal fields. The celebration was held today in MMHE East Yard, Pasir Gudang. The first deployment of MaMPU 1 will be at Anjung Kecil oil field…
Pemex set to announce debt management deal
Mexican national oil company Pemex is about to execute a debt management deal in international markets to improve the firm's finances, Pemex Chief Financial Officer Juan Pablo Newman said on Wednesday. Newman said the transaction is comprised of three parts…
Statoil Brazil Looking at Brazil Subsalt Opportunities
The President of Statoil in Brazil said on Wednesday that the Norwegian oil producer is looking at opportunities in Brazil's offshore oil region known as the Subsalt Polygon. Brazil's government is seeking to end a requirement that state-run…
GM Deep Sea Mooring Secures Det Norske Oljeselskap Contract
Global Maritime Deep Sea Mooring, a provider of offshore mooring services in Norway, has signed a contract with Norwegian operator Det norske oljeselskap to support Prosafe’s semi-submersible Safe Zephyrus accommodation rig in the Ivar Aasen North Sea field.
Ultra Large Tug Alp Striker Delivered
From Japan's Niigata Shipbuilding & Repair, Inc. (NSR), fully owned by Mitsui Engineering & Shipbuilding Co., Ltd., comes the first in four of a series of ultra large, ultra powerful tugs. The first in line is dubbed Alp Striker, delivered…
First FLNG Production Facility Completes Testing
The first natural gas floating liquefaction unit (FLNG) has completed performance testing at the Wison Offshore & Marine yard in Nantong, China, marking the first time LNG has been produced onboard a floating facility. The performance test was carried out in the presence of classification societies…
Petrobras: Regulatory Issues Preventing Sale of LNG Terminal
Regulatory issues are preventing Petrobras from progressing with plans to sell its LNG (liquefied natural gas) regasification terminal located in the state of Ceara, Chief Executive Officer Pedro Parente of the state-run oil company said on Monday.
IOC Eyes GSPC's Stake in Mundra LNG terminal
Indian Oil Corp. Ltd (IOC) wants to buy debt-laden Gujarat State Petroleum Corp.’s (GSPC) entire stake in the in the under-construction Rs 4,500 crore ($672 million) GSPC-Adani liquefied natural gas (LNG) terminal in Mundra, Gujarat, reports Livemint.
Multiclient Wide-Azimuth Deepwater Seismic Survey in Campeche Basin
Schlumberger has announced that PETRONAS, through its wholly-owned subsidiary, PETRONAS (E&P) OVERSEAS VENTURES SDN. BHD., signed an agreement to license a significant part of the WesternGeco Campeche wide-azimuth (WAZ) deepwater multiclient seismic survey in the southern Gulf of Mexico.
Indian Oil Giant May Scrap LNG Vessel Tender
GAIL India, largest state-owned natural gas processing and distribution company in India, will likely scrap the tender for hiring LNG ships after failing to negotiate acceptable terms with bidders in what would hurt India's ambition to build…
Shell loads first LNG vessel at Gate Terminal
Shell’s started operations of the new LNG fuel infrastructure at Gas Access to Europe (Gate) terminal in the Netherlands. The new LNG fuel infrastructure included the construction of a new berth. This new berth has now started operations. The loading of Shell’s chartered LNG vessel…
Ghana Climbing Oil Producer Ranks
Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000 barrels per day (bpd), pan-African bank Ecobank said on Wednesday. The West African country produces around 103…
La Nina Forecast Downgraded: Kemp
Sea surface temperatures in the central Pacific have been significantly below the seasonal average for the last 10 weeks, consistent with the formation of mild La Nina conditions. But U.S. government forecasters have cut the probability of La Nina occurring this winter to 36%…
Ocean Endeavor Repair Completed
Harris Pye Engineering Group completed repair works during the two-stage multi-million dollar Diamond Offshore demobilization project for its semi-sub rig Ocean Endeavor from the Black Sea, which completed its contract in January 2016. The initial phase of the repair work…