+1(833) 396-4204 info@riglynx.com
Menu

Month: January 2019

2019 Interested Contest

January 15, 2019
| Archives

Rules: 1. Download the app 2. Create a profile 3. Post on your Rig Lynx newsfeed what your are interested in for 2019! 4. Use hashtag #interested #2019 #contest in your post Prizes: 1st Place: $100.00 / 2nd place $50.00 / 3rd Place $25.00 Remember- Your entries or posts don’t count here, you have to leave them on your Rig Lynx newsfeed to be

Read More...

$12.53 per gallon.. meet the highest place in the world for fuel cost

January 15, 2019
| Archives

(Bloomberg) Police clashed with protesters in the Zimbabwean capital as the main labor-union confederation began a three-day national strike after the government more than doubled fuel prices to the highest in the world. The stay-away comes as a foreign-exchange shortage has sparked scarcities of everything from fuel to bread, caused doctors to stay away from work and companies to cut

Read More...

22 Rescued from Listing Cable Layer after Collision with Tanker

January 15, 2019
| Archives

Twenty-two crew members have been evacuated from Vanuatu-flagged MV Star Centurion following a collision between the cable layer and a Hong Kong-flagged tanker MT Antea on Sunday, January 13. (World Maritime News) The collision took place 35 nautical miles east of Changi, Singapore at 0620 a.m., local time, resulting in the capsizing of Star Centurion. The tanker, which has

Read More...

Permian Shale Oil Boom Holds Good News and Bad News for OPEC

January 15, 2019
| Archives

(Bloomberg) The year has barely begun but it’s already shaping up nicely for OPEC, with crude rebounding sharply after the worst fourth-quarter performance since 2014. A new production cuts deal with Russia and thawing U.S.-China trade relations have given the market a boost. But for the Organization of Petroleum Exporting Countries, good news often comes hand-in-hand with bad

Read More...

“Should be signed soon†states Bassoe on Petrobras two rig deal with Transocean

January 14, 2019
| Archives

(Bassoe Analytics) Contracting activity held steady into 2019, but higher volume and longer average duration are still lacking. Recent notable fixtures are Chevron’s 5-year contract to Transocean for their dual-20k newbuild drillship and one-year extensions for Ensco and Noble in Nigeria and Guyana.  Petrobras’ two-rig Mero tender should also be signed soon with Transocean (Ocean Rig Mykonos

Read More...

ADES extends Admarine II

January 14, 2019
| Archives

Oil & gas driller services provider ADES said Monday it took up the option to extend its existing contract for Admarine II for one year. The one year contract extension of Admarine II, which is currently contracted and operating in the Gulf of Suez, would come into effect after expiring during January 2019, the company said. ‘Egypt remains an

Read More...

Canyon pushes Ensco to raise bid, stating “flawed sales processâ€

January 14, 2019
| Archives

    (Reuters) – Hedge fund Canyon Capital Advisors has warned it would vote against the $2.38 billion sale of offshore driller Rowan Companies Plc to rival Ensco Plc, casting doubt on a combination that had signaled optimism about the future of offshore exploration. U.S. crude oil prices CLc1 have plunged by more than 30 percent since the deal was

Read More...

BP eyes 6 more wells in Azerbaijan

January 12, 2019
| Archives

(Bloomberg) BP Plc and its partners just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start. The British oil major intends to drill six new exploration wells in the country by 2020, according to Gary Jones, BP’s regional president for Azerbaijan, Georgia and Turkey. If his expectations are

Read More...

Seadrill CFO stepping down

January 12, 2019
| Archives

Seadrill Limited (“Seadrill†or the “Companyâ€) announced on January 10th that its Chief Financial Officer, Mark Morris, will step down from his position following the completion of the Company’s financial restructuring. He will remain in post until the end of June 2019 to enable the Company to find a suitable replacement. Commenting CEO, Anton Dibowitz, said, “Mark has

Read More...

OutPut’s Weekly Top 5

January 11, 2019
| Weekly Rundown

Listen to it here! Welcome to OutPut’s weekly top 5 For this week we have in the top two spots our drilling contractors Ensco and Borr, both with their first fleet update statuses for 2019, both packed with goodies. In the follow up #3 spot we have Nabors CEO handing over his 4-million-dollar award for $1500, not sure seems a bit late

Read More...