August 2018 - Rig Lynx

Got a new idea on recycling frac water? Its an emerging $22 Billion dollar industry | OutPut by Rig Lynx

August 31, 2018

In the dry, dusty plains of West Texas, home to Americaâ€™s most prolific oil play, the problem isnâ€™t too little water, itâ€™s too much of it. Just ask Will Hickey, the 31-year-old chief executive officer of Colgate Energy. Standing on a 26-foot high rig platform in Texasâ€™s Reeves County, Hickey watches as contractors maneuver drilling pipe almost 10,000 feet

Happy 23rd Birthday Dual Activity, you are still defining the market today | OutPut by Rig Lynx

August 31, 2018

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As we see all of the recent reports of drilling activities picking up in selected basins, the deepwater contractors are still huddled around the table, at the end of each quarter, with their red pens out making cuts, even 4 years later, they are still not seeing the light at the end of the tunnel. This is mainly

Brazilâ€™s future â€“ $3 billion in new royalties and 30,000 additional jobs by 2025 | OutPut by Rig Lynx

August 31, 2018

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Spending $8 billion to redevelop the mature oil fields inÂ Brazilâ€™s Campos basinÂ rather than incurring that amount in decommissioning costs could unlock 5 billion barrels of oil to the basin reserves, according to a new report from Wood Mackenzie. â€œAs more productive plays have been discovered over the past decade Petrobrasâ€™ investment focus has shifted away from Campos to

Maersk Reacher reactivation coming with a 2 year contract | OutPut by Rig Lynx

August 31, 2018

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Maersk Drilling and Aker BP have agreed to a new two-year contract to reactivate and quickly deploy jackup rigÂ Maersk ReacherÂ in the Norwegian part of the North Sea. Maersk ReacherÂ will be deployed as an accommodation rig, with the option of repurposing the rig for plugging & abandonment for the final phase of the contract. The rig is expected to

Equinor states 20 â€“ 30 wells to be drilled â€œEvery Yearâ€ for decades | OutPut by Rig Lynx

August 30, 2018

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Norwegian state-owned giant Equinor on Tuesday presented its plans for transforming the Norwegian continental shelf (NCS) over the coming decades. The companyâ€™s plans include drilling of up to 3000 wells during the coming decades and extending the lifetime of more than 20 installations. Equinor said it is on track to maintain profitable production from the NCS at current

Wild Well signs 5 year agreement with JDR Cables System for new 7Series subsea intervention system | OutPut by Rig Lynx

August 30, 2018

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JDR Cables Systems, a supplier of subsea power cables and umbilicals owned by TFKable Group, has been awarded a five-year service agreement with Wild Well Control, a Superior Energy Services company. JDR said on Wednesday that the five-year agreement would see the company design, manufacture, and assemble intervention, workover, and control systems (IWOCS) to be deployed in conjunction

Odfjell takes out a $325 million loan to facilitate purchase of the Stena Midmax | OutPut by Rig Lynx

August 30, 2018

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Offshore driller Odfjell Drilling has accepted an offer from bank lenders for aÂ $325 million senior secured term loan facility to finance the acquisition of the former Stena-owned Deepsea Nordkapp drilling rig. It is worth reminding that the UK driller Stena Drilling ordered the Stena Midmax rig from the South Koreaâ€™s Samsung Heavy in 2013. However, the drillerÂ cancelledÂ the order

Norway investing $15 Billion into Brazil from now until 2030 | OutPut by Rig Lynx

August 30, 2018

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(Photo courtesy Equinor) Brazil has become a core area for the Norwegian oil and gas giant Equinor with daily oil production of over 90 000 barrels per day from current fields and with expected investments of more than $15 billion until 2030. Brazil stands out globally as one of the most promising offshore oil and gas basins with a

20 years ago, this domestic U.S. energy changing event was born | OutPut by Rig Lynx

August 28, 2018

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The anniversary of a world-changing event passed the first of August that did not get nearly enough attention in the press. It clearly was a market-changing event, or I would not be writing about it. But I also mean exactly what I say â€“ that it was a world-changing event as well. The geopolitical implications, environmental implications,

After 5 years of Civil War, South Sudan crude flows again | OutPut by Rig Lynx

August 28, 2018

| Archives

South Sudan restarted crude production in a key oil region almost five years after facilities were shuttered by civil war. The resumption of output in the so-called Unity fields marks the start of efforts to rebuild the oil-dependent economy, which has sub-Saharan Africaâ€™s third-biggest reserves. The East African nationâ€™s warring parties signed a peace deal this month to

Month: August 2018

Got a new idea on recycling frac water? Its an emerging $22 Billion dollar industry | OutPut by Rig Lynx

Happy 23rd Birthday Dual Activity, you are still defining the market today | OutPut by Rig Lynx

Brazilâ€™s future â€“ $3 billion in new royalties and 30,000 additional jobs by 2025 | OutPut by Rig Lynx

Maersk Reacher reactivation coming with a 2 year contract | OutPut by Rig Lynx

Equinor states 20 â€“ 30 wells to be drilled â€œEvery Yearâ€ for decades | OutPut by Rig Lynx

Wild Well signs 5 year agreement with JDR Cables System for new 7Series subsea intervention system | OutPut by Rig Lynx

Odfjell takes out a $325 million loan to facilitate purchase of the Stena Midmax | OutPut by Rig Lynx

Norway investing $15 Billion into Brazil from now until 2030 | OutPut by Rig Lynx

20 years ago, this domestic U.S. energy changing event was born | OutPut by Rig Lynx

After 5 years of Civil War, South Sudan crude flows again | OutPut by Rig Lynx

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