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Month: May 2018

Offshore Wind Fueling Oil and Gas Projects? | OutPut by Rig Lynx

May 7, 2018
| Archives

Brought to you from Output by Rig Lynx – Norwegian oil and gas major Aker BP has tabled a proposal to power the NOAKA project on the Norwegian Continental Shelf with electricity from shore combined with offshore wind. The NOAKA (North of Alvheim Krafla Askja) project is located south of Oseberg in the Northern North Sea and is being developed jointly by Aker BP, Statoil,

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Offshore Energy Survival – We Will Need Trillions In Investments | OutPut by Rig Lynx

May 7, 2018
| Archives

Brought to you from Output by Rig Lynx – Offshore energy-related activity is expected to grow and will require trillions of dollars of investments through 2040. This is according to the recently released International Energy Agency’s Offshore Energy Outlook, which forecasts what’s ahead for the offshore energy industry through 2040. The outlook takes into account two scenarios the New Policies Scenario (NPS),

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Uptick In International Offshore Rig Count | OutPut by Rig Lynx

May 7, 2018
| International Rig Count

Brought to you from Output by Rig Lynx –  International offshore rig count was up by 6 rigs sequentially but down by 7 year-over-year, according to April 2018 rig count reports released by Baker Hughes, a GE company, on Monday. Baker Hughes’ international rig count includes land and offshore rigs from Latin America, Europe, Africa, Middle East, and Asia Pacific. The international rig count for April 2018 was

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Test of Will as Crude Tops $70 Mark | OutPut by Rig Lynx

May 7, 2018
| Archives

Brought to you from Output by Rig Lynx – (Bloomberg) — For the oil industry, $70 offers a test of wills. With benchmark U.S. crude prices crossing the $70 a barrel threshold on Monday, the shale drillers who helped upend global markets now face a new challenge: Do they stick with promises of fiscal discipline and avoid new production? Or is

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Rig Count Jumps In Permian, Texas Not So Much.. | OutPut by Rig Lynx

May 5, 2018
| Weekly Rig Count

Brought to you from Output by Rig Lynx – The number rigs actively drilling for oil spiked yet again in the booming Permian Basin, but not in Texas. Instead, the growth came in the relatively smaller portion of the Permian that extends northwestward into neighboring New Mexico, according to weekly data from Baker Hughes, a GE company. __________________________________________________________ Connect with the next generation of

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People Still Struggle Without Electricity | OutPut by Rig Lynx

May 5, 2018
| Archives

Message from OutPut- The world should work together on the needs of the future, this article is to simply put things into perspective for some, for others we should strive to work together and bring every kind of energy into places of the world that are less fortunate..thats means “Every Kind“.. Brought to you from Output by Rig Lynx – The world

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100 new offshore projects to be sanctioned in 2018 | Output by Rig Lynx

May 4, 2018
| Archives

  Brought to you from Output by Rig Lynx –The current “tailwind†in the energy industry is likely to propel 100 new offshore projects to be sanctioned this year, according to Rystad Energy. Rystad’s latest oilfield service report puts the level of investment at £73.5billion at an average cost of around £735million per project. By contrast, just 60 projects were sanctioned in

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US Lifts TransCanada Keystone Oil Pipeline Pressure Restrictions | Output by Rig Lynx

May 4, 2018
| Archives

Brought to you from Output by Rig Lynx – May 3 (Reuters) – Pressure restrictions on TransCanada Corp’s Keystone oil pipeline were lifted on Tuesday in a letter issued by U.S. pipeline safety regulators, a spokesman for the agency told Reuters on Thursday. It was not immediately clear what current flow rates are, said Darius Kirkwood, a spokesman for the U.S.

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Jack-Up Market Improving | OutPut by rig Lynx

May 4, 2018
| Archives

Brought to you from Output by Rig Lynx – Offshore drilling company Noble Corp. is seeing improvement in the offshore rig market, with the jack-up rig market driving the demand uptick. Julie Robertson, the company’s CEO, said that when compared to the fourth quarter of 2017, “customer demand is noticeably greater, especially in the jack-up fleet.†__________________________________________________________ Connect with the next generation of

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Libya to Total- “We will hold onto that..†| OutPut by Rig Lynx

May 4, 2018
| Archives

  Brought to you from Output by Rig Lynx –Libya’s National Oil Corporation (NOC) has been withholding the share of crude oil that is due Total over to an ongoing dispute over the French company’s recent acquisition of a stake in the concession from U.S. Marathon Oil Corporation, Reuters reported on Thursday, citing Libyan industry and oil sources. In early March, Total acquired the

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