July 2018 - Page 7 of 10

Precision lands an additional rig on a 5 year run in Kuwait | OutPut by Rig Lynx

July 10, 2018

Precision Drilling Corporation is pleased to announce the award of one new build ST-3000 drilling rig in Kuwait under a five year take-or-pay contract with an optional one year extension. Precision has five active rigs in Kuwait on long term contract and expects the sixth rig to commence operations in the third quarter of 2019. All six

The one thing that could drive oil price to $250 | OutPut by Rig Lynx

July 9, 2018

| Archives

Crude oil prices could jump as high as US$250 a barrel if Iran goes through with its threat to close the Strait of Hormuz in response to U.S. pressure on oil buyers to cut their Iranian purchases to zero, RTÂ reports, quoting analysts. The most bullish among these analysts was Artem Avinov from online broker TeleTrade, who saw prices

Increase in seismic demand can mean only one thing | OutPut by Rig Lynx

July 9, 2018

| Archives

Norwegian seismic specialist TGS has said there is an increase in demand for marine seismic data, and the company expects to report a significant rise in its second-quarter revenue. Based on preliminary info from its operating units, the provider of multi-client geoscience data to oil and gas exploration and production companies on Monday said it expected net revenues

Emerging foreign markets allowing oil majors to close the gap | OutPut by Rig Lynx

July 9, 2018

| Archives

Several oil majors, including Royal Dutch Shell and BP, are boosting their share of natural gas output. AÂ Bloomberg reportÂ said these two oil companies, by increasing gas production, are trimming the lead between them and ExxonMobil, the worldâ€™s largest publicly traded oil company. ExxonMobil has a current market cap of $348 bn, while Shell has market cap of

Shale Gas â€œveritable revolutionâ€ is an understatement | OutPut by Rig Lynx

July 8, 2018

| Archives

The shale gas revolution is turning ten years old andÂ is apparently only justÂ getting started. A new report by the business information providerÂ IHS MarkitÂ traces the remarkable rise of the shale gas in the United States over the past decade and projects that natural gas production will grow by another 60% over the next 20 years. â€œTo say that the â€˜Shale

BHP auctioning off shale assets, $10 billion worth, BP in the lead | OutPut by Rig Lynx

July 8, 2018

| Archives

BP Plc is in the lead to acquire the U.S. onshore shale oil and gas assets of BHP Billiton Ltd after submitting an offer worth well in excess of $10 billion, people familiar with the matter said on Friday. The move represents a big bet by BP on U.S. oil and gas production at a time when energy

Citgo trying to dodge a $2 billion bullet from Conoco | OutPut by Rig Lynx

July 8, 2018

| Archives

ConocoPhillips has won a court ruling allowing it to depose Citgo, the U.S. unit of troubled Venezuelan state oil company PDVSA, ReutersÂ reports. The move is part of Conocoâ€™s offensive against PDVSA in a bid to enforce a court ruling that awarded it US$2 billion in compensation for the forced nationalization of company assets in Venezuela. So far, as

How fast can you loose $5 billion? OutPut by Rig Lynx

July 7, 2018

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John Fredriksenâ€™s stake in Seadrill Ltd., once worth more than $5 billion, was virtually wiped out in the oil-market crash. Now, the Norwegian-born shipping tycoon is placing a new wager on offshore drilling after overcoming a bondholder rebellion and pushing through the most complicated restructuring ever for the industry. After more than two years of negotiations with banks, new

US Rig count rises by 5 this week | OutPut by Rig Lynx

July 7, 2018

| Weekly Rig Count

Rig counts in the U.S. rose by five last week,Â the Houston energy services company Baker Hughes reported. In the U.S. 1,052 rigs are working, a figure that is 100 rigs higher than a year ago. The five added rigs were all in oil drilling. That count stands at 863. Texas lost four rigs while Alaska and Utah lost two.

Energy independence, is it worth it? | OutPut by Rig Lynx

July 7, 2018

| Archives

In January 1977, the awful day arrived: U.S. petroleum importsÂ rose aboveÂ the magical 50% mark. Yet somehow the world failed to end. Now, with U.S. net imports comprising only 20% of our usage (including natural gas liquids), the supposed energy dominance of the United States finds us still turning to Saudi Arabia rather like Dickenâ€™s Oliver Twist asking, â€œPlease,

Month: July 2018

Precision lands an additional rig on a 5 year run in Kuwait | OutPut by Rig Lynx

The one thing that could drive oil price to $250 | OutPut by Rig Lynx

Increase in seismic demand can mean only one thing | OutPut by Rig Lynx

Emerging foreign markets allowing oil majors to close the gap | OutPut by Rig Lynx

Shale Gas â€œveritable revolutionâ€ is an understatement | OutPut by Rig Lynx

BHP auctioning off shale assets, $10 billion worth, BP in the lead | OutPut by Rig Lynx

Citgo trying to dodge a $2 billion bullet from Conoco | OutPut by Rig Lynx

How fast can you loose $5 billion? OutPut by Rig Lynx

US Rig count rises by 5 this week | OutPut by Rig Lynx

Energy independence, is it worth it? | OutPut by Rig Lynx

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