Search results for: Force Majeure

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A list of search results

  • 18 March 2014

    Hyperdynamics Corporation announced today that it has communicated to the Government of Guinea and Tullow its response to Tullow’s assertion without advance notification or discussion of force majeure and suspension of plans to start drilling of an exploratory well offshore Guinea. “Hyperdynamics believes Tullow’s unilateral actions are unwarranted and untimely, and that a force majeure […]

  • 21 July 2014
    Business & Finance, Project & Tenders

    Karoon has received notification from the Peruvian oil and gas regulator, Perupetro S.A. that the Company’s application to place the Tumbes Basin exploration Block Z-38 into force majeure has been received and approved. Karoon’s application for force majeure was requested on the basis of Karoon being unable to secure a suitable drilling unit within the required timeframe on […]

  • 3 March 2015

    Forum Energy, a UK-based oil and gas exploration and production company, has declared a force majeure on Service Contract SC72, offshore the Philippines. The company has said that Philippine Department of Energy (“DOE”) has granted a force majeure on activities in the area because it is situated within the territorial disputed area of the West Philippine Sea. […]

  • 2 February 2011
    Business & Finance

      ATWOOD OCEANICS, INC., a Houston-based international drilling contractor , announced that, on January 29, 2011, due to the civil unrest that has occurred in Egypt, its’ customer, RWE Dea Nile GmbH gave notice to Alpha Offshore Services Company, a wholly-owned subsidiary of Atwood Oceanics, Inc., of a force majeure event affecting the operations of […]

  • 30 May 2012
    Business & Finance

    BP has lifted Force Majeure in respect of its Libyan Exploration and Production Sharing Agreement (EPSA) with the National Oil Corporation (NOC) effective 15th May 2012. Force Majeure has been in place since 21st February 2011. Discussions between NOC and BP have agreed how the impact of Force Majeure will be mitigated in BP’s existing […]

  • 31 July 2017
    Exploration & Production

    Golden Close Maritime Corp, the owner of the Deepsea Metro I drillship, managed by Odfjel Drilling, has received a force majeure notice on the drillship contract. To remind, the rig owner in May said it had secured a contract in South East Asia for the DeepSea Metro I drillship with an undisclosed party for two […]

  • 23 April 2015
    Project & Tenders

    Sterling Energy has received notice from Société Nationale des Hydrocarbures (SNH) that the First Renewal Period of the Ntem Concession, offshore Cameroon, has expired on April 22, 2015 and that the Ntem Concession has lapsed. However, according to Sterling, the First Renewal Period has not expired. Namely, after drilling the Bamboo-1 well, an assessment of remaining prospectivity of […]

  • 2 June 2010
    Business & Finance

    Cobalt International Energy, Inc. (“Cobalt”) today announced that it had invoked the force majeure provision under the drilling contract with Diamond Offshore Company for the Ocean Monarch drilling rig. This rig was moored and ready to begin drilling operations at the location of our North Platte #1 exploratory well on Garden Banks 959. The reason […]

  • 22 July 2019
    Business & Finance

    Libya’s National Oil Corporation declares force majeure on crude oil loadings at Zawiya port.

  • 18 March 2014
    Business & Finance

    Hyperdynamics Corporation announced today that it has communicated to the Government of Guinea and Tullow its response to Tullow’s assertion without advance notification or discussion of force majeure and suspension of plans to commence drilling of an exploratory well offshore Guinea. Hyperdynamics believes Tullow’s unilateral actions are unwarranted and untimely, and that a force majeure […]

  • 7 April 2015
    Business & Finance

    Brazil’s oil major Petrobras has suspended bunker operations at the port of Santos, declaring a force majeure due to a fire at Ultracargo’s fuel tank storage that broke out on Thursday, April 2nd. The port authority decided to suspend bunker operations as the fire was not extinguished, which led Petrobras to declare a force majeure […]

  • 30 January 2015

    Total-operated Yemen LNG export facility in Balhaf reportedly lifted force majeure on liquefied natural gas exports following recent unrest and government collapse. The facility stopped operations on Sunday, January 18 and evacuated foreign experts from the facility, Reuters informed. The last vessel to leave the LNG facility was the GDF Suez Point Fortin, and the […]

  • 31 August 2017
    Exploration & Production

    Following a force majeure event from late July, Golden Close Maritime Corp, the owner of the Deepsea Metro I drillship, has received a drilling contract termination from an unnamed client in South East Asia.  The drillship is managed by Odfjel Drilling. The contract for a two-firm well campaign with options for one further well and three sidetracks had […]

  • 5 December 2016
    Exploration & Production

    Following a force majeure declared in October 2016, oil company Tullow Oil has terminated a drilling contract it had with Seadrill Partners for an offshore drilling rig in Ghana. Seadrill Partners, the offshore driller, said Friday it had received a notice of termination from Tullow Oil Ghana for the West Leo drilling contract on December 1, […]

  • 3 May 2013

    Otto Energy Limited  has announced that it has been notified by BHP Billiton Petroleum (Philippines) Corporation (BHPB) (ASX: BHP), the Operator of Service Contract 55 (SC55) licence in the Republic of the Philippines, that it has lodged a formal notice of force majeure with the Philippine Department of Energy.  The declaration of force majeure comes amid delays in receiving the […]

  • 29 August 2013

    Otto Energy Limited has announced it  has been notified that the Palawan Council for Sustainable Development (“PCSD”) has approved the issuance of the Strategic Environmental Plan Clearance (“SEP Clearance”) in relation to drilling of the Cinco-1 exploration well in Service Contract 55 (“SC55”). Formal written endorsement is being finalised between the PCSD,the Operator, BHP Billiton Petroleum (Philippines) Corporation (BHPB) (ASX: BHP) […]

  • 7 September 2016

    Shell Petroleum Development Company, a Nigerian unit of Hague-based LNG giant Shell lifted a force majeure on gas supplies to the Nigeria LNG export facility located on Bonny Island. SPDC declared force majeure on gas supply to NLNG on 8 August, following a leak on the Eastern Gas Gathering System (EGGS-1) pipeline through which it […]

  • 12 March 2014
    Business & Finance

    Tullow has declared a Force Majeure on its operations in Guinea after the U.S. authorities opened investigations into the activities of one of its partners in a concession off the African country’s coast. Hyperdynamics, the partner in question,  said that Tullow stated in its notice, dated March 11, that the decisions by the U.S. Department […]

  • 12 February 2015

    According to Total’s CEO Patrick Pouyanne, exports from the Yemen LNG facility are running as normal.

  • 6 February 2020

    China National Offshore Oil Corporation (CNOOC) has reportedly declared a force majeure on LNG contracts due to disruptions caused by the coronavirus outbreak. 

  • 12 February 2015

    According to Total’s CEO Patrick Pouyanne, exports from the Yemen LNG facility are running as normal.

  • 22 February 2011
    Business & Finance, Project & Tenders

      Atwood Oceanics., a Houston-based international drilling contractor ,  announce that on February 21, 2011, our customer, RWE Dea Nile GmbH (“RWE”) formally withdrew its notice of a force majeure event, previously given on January 29, 2011 to Alpha Offshore Services Company (“Alpha”), a wholly-owned subsidiary of Atwood Oceanics, Inc. The force majeure event intermittently […]