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Month: October 2018

Shell grants Awilco 3 more options for the WilPhoenix | OutPut by Rig Lynx

October 7, 2018
| Archives

“Shell grants Awilco 3 more options for the WilPhoenix†Click To Tweet The original contract was signed back in May (Awilco Bags 18 Well Contract With Shell) for a decommissioning program of 18 firm wells plus options totaling a further eight wells. This was later extended for one well. The London-listed driller on Thursday evening said that the new amendment

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International rig count down by 4 in September | OutPut by Rig Lynx

October 7, 2018
| International Rig Count

    “International rig count down by 4 in September†Click To Tweet   The international rig count for September was 1,004, down 4 from the 1,008 counted in August 2018, and up 73 from the 931 counted a year ago, according to Baker Hughes data. The international offshore rig count for September was 204, down 8 units from the 212 counted in August, and up

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OutPut’s Weekly Top 5!

October 7, 2018
| Weekly Rundown

“OutPut’s Week Top 5!†Click To Tweet This week we saw Transocean kicking the wood out of the shed with a 790 day extension for the PB10K, Borr is back in our weekly wrap up with the activation of 4 jackups without contracts, the Rowan Norway gets a contract, Trinidad and Precision come to the table on a buyout

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Record Low on Canada Crude | OutPut by Rig Lynx

October 6, 2018
| Archives

“Record Low on Canada Crude†Click To Tweet Canadian crude plunged to a record low relative to U.S. crude, hurt by reduced capacity at American refineries and a jump in production from new oil-sands megaprojects that has overwhelmed the nation’s pipeline system. Maintenance work at U.S. refineries over the next six months will lead to stretches when those facilities are

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U.S. rig count down by 2 this week | OutPut by Rig Lynx

October 6, 2018
| Weekly Rig Count

    “U.S. rig count down by 2 this week†Click To Tweet   The US drilling rig count is down 2 units to 1,052 rigs working for the week ended Oct. 5, according to Baker Hughes data. The count is up 116 units from the 936 rigs working this time a year ago. Rigs drilling on land fell 3 units to 1,026

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Trinidad accepts $1 Billion offer from Precision, turns away Ensign | OutPut by Rig Lynx

October 6, 2018
| Archives

    “Trinidad accepts $1 Billion offer from Precision, turns away Ensign†Click To Tweet   Canada’s largest contract drilling firm is transferring to solidify its place with a $540-million all-share merger provide for the nation’s third-largest driller. However the true attraction for Precision Drilling Ltd. is Trinidad Drilling Ltd.’s “super-spec†American rig fleet because the Canadian drilling trade stays in a deep

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Pressure is on for big oil to spend | OutPut by Rig Lynx

October 5, 2018
| Archives

“Pressure is on for big oil to spend†Click To Tweet Executives at the world’s biggest oil and gas companies are under growing pressure to loosen the purse strings to replenish reserves, halt output declines and take advantage of a crude price rally after years of austerity.With oil at a four-year high of $85 a barrel, exploration departments are

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Canada brings indigenous tribes back to the table for pipeline talks | OutPut by Rig Lynx

October 5, 2018
| Archives

    “Canada brings indigenous tribes back to the table for pipeline talks†Click To Tweet   Canada’s resources minister said Wednesday Ottawa was relaunching consultations with indigenous groups on the Trans Mountain pipeline to the Pacific after a court ruled the tribes get a say in the multi-billion dollar project. “We believe that we can and must move forward with engaging in

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New field technology does not replace fundamental learning says Honeywell

October 5, 2018
| Archives

“New field technology does not replace fundamental learning says Honeywell†Click To Tweet Technology is not making oil and gas qualifications less important, according to Jason Urso, vice president and general manager at Honeywell. Rigzone questioned the Honeywell representative on the matter during an interview at a recent conference in Madrid. This followed a presentation by Urso that included a

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US shale adaptation, not an easy game for refineries |OutPut by Rig Lynx

October 4, 2018
| Archives

“US shale adaptation, not an easy game for refineries†Click To Tweet U.S. shale production is at record highs and the momentum is still not over. A lot has been said about the energy self-sufficiency implications of this trend, but there’s something that has not garnered a lot of attention: U.S. shale is light crude, great for making gasoline

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