News

  • Transocean retires four floaters, lands new semi-sub deals

    In the last three months since its previous fleet status report, offshore driller Transocean has landed new contracts and extensions but has also seen day-rates cut for several of its drillships while four floaters have been retired.   According to the driller’s fleet status report,…

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  • Trump: Europe to Become ‘Massive’ Buyer of US LNG

    Europe will build more terminals to import US liquefied natural gas, the head of the European Commission told President Trump during a meeting aimed at averting a transatlantic trade war.   “They want very much to do that, and we have plenty of it,” Mr…

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  • Keppel nears delivery of Yombo FPSO

    Keppel Shipyard will soon deliver a converted FPSO to Perenco affiliate Dixstone Holdings for deployment on the Yombo Field offshore Republic of Congo.   The FPSO was named La Noumbi during a ceremony at the yard witnessed by Jean-Marc Thysthere Tchicaya, Minister of Hydrocarbons for…

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  • DEA to drill Barents Sea well using Island Innovator rig

    Norwegian operator DEA Norge has received consent from the Norwegian offshore safety body, the Petroleum Safety Authority (PSA), to drill an exploration well in the Barents Sea using the Island Innovator rig.   The well, named 7321/4-1, is located in production licence 721 in the…

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  • Risks of cargo attachments in Curacao

    Message from Standard Club: Club correspondent Cariconsult International Limited have reported that creditors of the Venezuelan state oil company, PDVSA, are seeking attachments in the former Netherlands Antilles of cargoes belonging or consigned to PDVSA on vessels arriving in Curacao waters.   Accordingly this could…

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  • Russian Oil Preparing for Biggest Tax Overhaul in 20 Years

    Russia, one of the world’s top three crude producers, is preparing the most radical shakeup of its oil-tax system since 1999.   The changes, which will allow the nation’s producers to export crude and oil products duty-free while raising their costs at the wellhead, is…

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  • South Sudan Terminates Petroleum Licence Talks With Total

    South Sudan has called off talks with French oil major Total about developing two oil blocks, the petroleum ministry said on the 25th July, paving the way for other investors keen on exploring the vast area thought to be rich in hydrocarbons.   Total, alongside…

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  • Lukoil drills more wells at Yury Korchagin in the Caspian Sea

    Lukoil has completed drilling of the first production well from the wellhead platform at the second-stage Yury Korchagin field development in the Russian sector of the Caspian Sea.   Stage 2 extends production into the eastern part of the field.   The single-bore well with…

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