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Month: March 2019

Colorado SB19-181 passes and directly threatens jobs, state revenue and education funding

March 8, 2019
| Archives

API: The Colorado State Senate Transportation & Energy Committee passed SB19-181 on a party-line vote. The bill would at the very least hinder, if not prohibit energy development in Colorado, directly threatening hundreds of thousands of jobs, billions of dollars of state revenue, and hundreds of millions in education funding. Further, the Democratic Senate and House leadership

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$617 Million Dispute in Congo Oil Deal

March 7, 2019
| Archives

Bloomberg: An international court ordered the Democratic Republic of Congo to pay DIG Oil Ltd. of South Africa $617 million for failing to honor two oil contracts, weeks before outgoing President Joseph Kabila finally approved one of the deals. The previously undisclosed ruling is the latest twist in an 11-year dispute over concessions in the central African nation,

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1 new LOI and 4 more brewing for Borr Drilling

March 6, 2019
| Archives

Borr Drilling just released its fleet update status here and it reveals a new LOI for the 2014 F&G JU-2000E the Prospector 5. Looks like the duration is for 120 days, the client and location is undisclosed at this time but they also had this to share about a few other rigs: Grid and Gersemi: • Advanced Negotiations:

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Exxon and Chevron just announced big plans for the Permian

March 6, 2019
| Archives

CNBC: Exxon Mobil and Chevron on Tuesday said they both plan to surge oil and natural gas output from America’s top shale field in the coming years, a strategy that the energy giants say will yield significant returns. As early as 2024, Exxon believes it can increase output from the Permian Basin to 1 million barrels per day

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Review: Benefits of Social Media for Business

March 5, 2019
| Archives

As Rig Lynx is a small and growing community, we would like to share some of the tools and tips that we used along the way to get us to where we are now, thanks to Ryan and his team over at Hootsuite for leading the way! You can read the full article below, but we will quickly jot the bullet

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Shelf bags an extension for the Resourceful

March 5, 2019
| Archives

Shelf Drilling made public their 4th quarter results with multiple contracts and updates, most of which we have reported prior but will list below but also with an extension on the Resourceful, story below: Acquisition of two newbuild premium jack-up rigs (CJ46) for a purchase price of USD 87 million per rig and Bareboat charters of, and the

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Pacific Drilling picks up 2 extensions and 1 new contract

March 5, 2019
| Archives

Pacific Drilling issued their fleet status update today, it holds a good outlook for some of their fill in work as well as some continued success with current clients Eni in Nigeria and Chevron in the GOM. To add to the mix, Total is picking up the Santa Ana which is currently in Las Palmas undergoing acceptance testing. We

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Weekly Rig Count, U.S. -9 and Canada -1

March 1, 2019
| Weekly Rig Count

Baker Hughes, a GE company has posted Weekly Rig Count reports. Baker Hughes Rig Count: U.S. -9 to 1,038 rigs U.S. Rig Count is down 9 rigs from last week to 1,038 rigs, with oil rigs down 10 to 843 and gas rigs up 1 to 195. U.S. Rig Count is up 57 rigs from last year’s count of 981,

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Northern bags a contract for the West Bollsta

March 1, 2019
| Archives

Northern Drilling Ltd (the “Company†or “Northern Drillingâ€) is pleased to announce its harsh environment rig West Bollsta has secured a contract for a ten-well program with Lundin Norway AS (“Lundin Norwayâ€). The drilling program includes the development of the Luno II field and the Rolvsnes discovery in the Norwegian North Sea with contract commencement expected in

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Northern Drilling Market Outlook

March 1, 2019
| Archives

After a year of continual increase in oil price, dayrates and optimism, the last months of 2018 resulted a significant decline in oil price which did not alter the underlying fundamentals of the industry. The outlook for offshore drilling remains relatively unchanged and will continue on its recovery. There has been a rise in enquiries from E&P

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