Petrobras Terminates drillship contract with Vantage Drilling, arbitration will follow

Petrobras Terminates drillship contract with Vantage Drilling, arbitration will follow   Petrobras has terminated its drillship contract with Vantage Drilling, alleging that the NYSE-listed contractor has “breached its obligations” under the contract. Vantage says it has filed for arbitration, stating the termination is a “wrongful attempt” to cancel the contract reports Holly berkett  Vantage Deepwater…

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Heerema Fabrication Group Win North Sea Culzean Contract, To Create Secure 250 Jobs

Heerema Fabrication Group Win North Sea Culzean Contract, To Create Secure 250 Jobs Heerema Fabrication Group (HFG) announced late Wednesday that it has been awarded an engineering, procurement and construction contract, by Maersk Oil North Sea UK Limited, for the Culzean development in the North Sea. As part of the contract, HFG will work on…

GeoPark Ltd Discover New Oil Field in Colombia

Press Release: GeoPark Ltd Discover New Oil Field in Colombia SANTIAGO, Chile, Sept. 2, 2015 /PRNewswire/ — GeoPark Limited (“GeoPark”) GPRK, +3.17% the Latin American oil and gas explorer, operator and consolidator with operations in Chile, Colombia, Brazil, Argentina and Peru[1], today announces a new oil field discovery following the drilling of exploration well Jacana…

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Canadian Husky Energy Reports Major Gas Leak Offshore Canada

Canadian Husky Energy Reports Major Gas Leak Offshore Canada Canadian energy company Husky Energy has reported a major gas release from subsea equipment in the Southern Drill Center of its White Rose Field. The field is located in the Jeanne d’Arc Basin, approximately 350 kilometers southeast of St. John’s, Newfoundland and Labrador, Canada. According to…