Tanker Rates Skyrocket To Fill Colonial Pipeline Shortages
By Elizabeth Low (Bloomberg) Oil tanker charter rates skyrocketed in the U.S. with refiners scrambling for ships to store fuel that has nowhere to go due to a cyberattack on...
Seadrill has announced a new contract for their LT-Super 116E jack-up rig West Freedom with Cardon IV Venezuela, an ENI SpA and REPSOL joint venture.
The rig will be working offshore Venezuela for a firm period of at least 30 months plus an option for a 6 month extension. In their emailed statement this morning, Seadrill notes the value of the initial contract to be upwards of $222 million inclusive of an estimated $8.5 million of mobilization.
The West Freedom is currently operating in Qatar and will likely be available to commence its charter in late September 2013.
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