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Source: www.gulfoilandgas.com 6/8/2012, Location: Europe
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Dolphin Drilling Ltd., a subsidiary of Fred. Olsen Energy ASA, has entered into a three year contract with BP Exploration Operating Company Ltd. for use of the semi-submersible drilling rig Byford Dolphin for operations in the UK North Sea. The new contract will commence in direct continuation with current contract. The estimated contract value is USD 378 million. Option exists for a contract extension of a three year period.
The unit will undertake an early class renewal survey early 2014, including installment of a new BOP. The investment in a new five ram BOP, including commissioning and new control system, is estimated to USD 40 million.
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| Technip Awarded EPCI Contract in Norway |
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Norway >> 5/14/2013 - Technip was awarded by Statoil an engineering, procurement, construction and installation lump-sum contract for the Norne field development, located i...
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| The Light-Sweet/Heavy-Sour Crude Spread |
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Austria >> 5/13/2013 - In Europe, sweet/sour differentials narrowed as demand for medium-sour Urals received a boost from arbitrage with several cargoes seen leaving for bot...
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| Oil Market Highlights - May 13 |
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Austria >> 5/12/2013 - The OPEC Reference Basket dropped for the second-consecutive month in April, declining by
$5.39 or more than 5% to stand at $101.05/b. Year-to-date, ...
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| Assessment of the Global Economy - May 13 |
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Austria >> 5/12/2013 - When the global growth forecast for 2013 was published in July last year at 3.2%, the estimate seemed rather
conservative. However, almost a year lat...
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| Crude Oil Price Movements - May 13 |
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Austria >> 5/12/2013 - OPEC Reference Basket
The OPEC Reference Basket (ORB) dipped by more than 5% for the second month in a
row in April. However, it continue...
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| Commodity Markets - May 13 |
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Austria >> 5/12/2013 - Trends in selected commodity markets
The declining trend in commodities in April has continued, as was confirmed by the
latest World Bank...
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