OG-News

Petrobras suspends charter payments for ‘Arendal Spirit’

Rate this article By _Offshore_Energy_Today_ Brazilian oil company Petrobras has suspended charter payments for the Arendal Spirit flotel, owned by Teekay Offshore Partners. This was revealed by Teekay on Thursday in its financial report. Teekay said the Arendal Spirit experienced an operational incident relating to its dynamic-positioning system in November 2016. As a result of…

Ocean Rig gets drillship termination from ConocoPhillips

Rate this article By Offshore Energy Today.. Offshore driller Ocean Rig has received a contract termination for one of its drilling rigs and reached an agreement in a dispute over contract termination for another drilling rig. In its 4Q 2016 report on Wednesday, Ocean Rig said it has reached an agreement with ConocoPhillips to terminate…