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Transocean receives early termination notice on the Discoverer Clear Leader

Wednesday, 20 Sep 2017 04:15pm EDT

Sept 20 (Reuters) - Transocean Ltd :Transocean Ltd. receives early termination notice on the Discoverer Clear Leader.Transocean - ‍Subsidiary of Chevron elected to exercise option to terminate drilling contract for ultra-deepwater drillship Discoverer Clear Leader.Transocean - ‍In accordance with contract terms, Transocean will be compensated through lumpsum payment of about $148 million in contract termination fees​.Transocean Ltd - ‍Payment is expected to be received in Q4 of 2017​.

Repsol awards Archer a four-year contract in Norway

Wednesday, 9 Aug 2017 10:00am EDT

Aug 9 (Reuters) - ARCHER LTD :SAYS REPSOL NORGE AWARDS ARCHER A FOUR-YEAR CONTRACT FOR THE PROVISION OF P&A RIG OPERATIONS ON THE NORWEGIAN CONTINENTAL SHELF.SAYS THE CONTRACT SCOPE INCLUDES PERMANENT PLUGGING AND ABANDONMENT OF THE WELLS ON THE GYDA PLATFORM OPERATED BY REPSOL NORGE .SAYS THREE ADDITIONAL TWO-YEAR EXTENSION OPTIONS ARE AVAILABLE IN ADDITION TO THE FIRM CONTRACT TERM .THE CONTRACT SCOPE INCLUDES DRILLING AND MAINTENANCE SERVICES, ENGINEERING AND DOWNHOLE TOOL RENTAL SERVICES.SAYS ARCHER'S PROVIDES DRILLING OPERATIONS AND MAINTENANCE SERVICES ON FORTY-TWO PLATFORMS IN THE NORTH SEA, TWO IN BRAZIL AND ONE TENDER-ASSIST BARGE RIG IN GREECE .

Sempra Energy unit and Valero sign contracts for liquid fuels projects in Mexico

Thursday, 3 Aug 2017 06:34pm EDT

Aug 3 (Reuters) - Sempra Energy :Sempra Energy's ienova unit, Valero sign contracts for liquid fuels projects in Mexico.Sempra Energy- Mexican unit signed long-term contracts with a unit of Valero Energy Corp. for storage capacity of liquid fuels marine terminal​.Sempra Energy- ‍three liquid fuels projects represent an estimated capital investment of U.S. $275 million​.

Shs Holdings enters joint venture agreement with Yokomori and Marubeni-Itochu

Tuesday, 25 Jul 2017 05:30am EDT

July 25 (Reuters) - Shs Holdings Ltd :Enter Into Joint Venture Agreement With Yokomori And Marubeni-itochu.Hetat Holdings Pte Ltd has signed a three-party joint venture agreement with Yokomori Mfg. Co., Ltd and Marubeni-Itochu Steel​.Joint venture company yokomori singapore pte ltd will have an initial share capital of s$3.7 million.‍Joint venture agreement to produce and sell steel staircases in singapore​.

ExxonMobil acquires interest in acreage Offshore Suriname

Thursday, 13 Jul 2017 01:00pm EDT

July 13 (Reuters) - Exxon Mobil Corp ::ExxonMobil acquires interest in acreage offshore suriname.‍Preparations underway to begin exploration activities​.Agreement expands ExxonMobil operated acreage in Guyana-Suriname Basin.Following contract signing, co-venturers are preparing to begin exploration activities, including acquisition and analysis of seismic data.ExxonMobil says unit, Production Suriname B.V., signed a production sharing contract for block 59 with Staatsolie Maatschappij Suriname N.V..ExxonMobil is operator in Acreage Offshore Suriname.‍Exxonmobil and consortium partners Hess and Statoil each hold a third of interest in block​.

SBM Offshore awarded contracts for the ExxonMobil Liza project in Guyana

Thursday, 22 Jun 2017 01:31am EDT

June 22 (Reuters) - SBM Offshore NV : :SBM Offshore awarded turnkey and lease and operate contracts for the ExxonMobil Liza FPSO.SBM offshore NV - ExxonMobil has formally confirmed award of contracts for next phase of Liza project in Guyana.SBM Offshore NV - under contracts, SBM Offshore will construct, install, lease and operate a floating production, storage and offloading vessel.Floating production, storage and offloading vessel is designed to produce up to 120,000 barrels of oil per day.

Statoil swaps stakes with BP in four blocks off Australia

Thursday, 8 Jun 2017 04:48pm EDT

June 8 (Reuters) - Statoil Asa : :Says has signed a swap agreement with BP <<>> and has been granted regulatory approval to take over two exploration permits and extend its work program in the Great Australian Bight.Says has transferred its 30% equity interest in offshore exploration permits EPP37 and EPP38 to BP and exited the licences.Says BP has transferred its 70% equity interest in offshore exploration permit EPP39 and EPP40 to Statoil and exited the licences.Says Statoil consequently holds 100% equity interest in the two exploration permits.Says the regulator has granted Statoil a suspension and extension of the work commitments in EPP39 and EPP40.Says the approved extension includes drilling of one exploration well in EPP39 before Oct. 30, 2019.

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