August 2019 - Rig Lynx

Bassoe: August Floater Report

August 31, 2019

Other than the five two-year contracts Petrobras awarded recently (three of which were previously reported), fixtures have been mostly short-term (but slightly more abundant). Dayrate increases in the US Gulf and West Africa have been modest and restricted by the lack of long-term work available globally for the rest of 2019. There does seem to be relatively

North America Rig Count: U.S. drops 12 more and Canada adds on 11

August 30, 2019

| Weekly Rig Count

Baker Hughes Rig Count: U.S. -12 to 904 rigs U.S. Rig Count is down 12 rigs from last week to 904, with oil rigs down 12 to 742, gas rigs unchanged at 162, and miscellaneous rigs unchanged at 0. U.S. Rig Count is down 144 rigs from last yearâ€™s count of 1,048, with oil rigs down 120, gas rigs

Q2 presentation, Borr states active worldwide jackup count to surpass 400

August 30, 2019

| Archives

Borr Drilling published their Q2 earnings on August 29th, results can be found here â€œBorr Drilling Q2 Earningsâ€œ Also in their recent Q2 presentation, slide 14 showed an increase of 40 + additional contracted jackups will be added to the market in the near future. Source: Borr Drilling Photo: Borr Drilling Check out our other current stories! Croatia awards licenses for oil

Croatia awards licenses for oil and gas exploration

August 29, 2019

| Archives

The Croatian government said on Thursday it had awarded licenses for gas and oil exploration and exploitation on six blocks in its flat north-eastern region to two local and two foreign companies. The licenses were given to Croatiaâ€™s biggest energy group INA, owned jointly by Hungaryâ€™s MOL and the Croatian government, Canadaâ€™s Vermilion Energy, Hungary-based Aspect Croatia which

6500 evacuated after explosion in Venezuela gas plant

August 27, 2019

| Archives

Venezuelan President Nicolas Maduro says an investigation will begin immediately regarding an explosion at a natural gas-filling plant located in Miranda State on SaturdayÂ evening that forced some 6,500 residents of Ocumare del Tuy to temporarily leave their homes.Â Oil MinisterÂ and PDVSA President Manuel QuevedoÂ tweeted that President Maduro is starting an investigation into the case, and has a â€œcontingency

Valaris adds an additional $84 million worth of new contracts to the backlog

August 27, 2019

| Archives

Valaris plc announced today new contracts and contract extensions, with associated revenue backlog ofÂ $84 millionÂ , awarded subsequent to filing the Companyâ€™s most recent fleet status report onÂ July 25, 2019Â . VALARIS 8505 (ENSCO 8505) contract with Eni offshoreÂ MexicoÂ extended by three wells, with an estimated duration of 225 days fromÂ February 2020Â toÂ September 2020VALARIS JU-290 (Rowan Viking) awarded a contract to provide

BP exits Prudhoe Bay with $5.6 billion from Hilcorp

August 27, 2019

| Archives

Hilcorp Alaska (Hilcorp) announced today it will acquire all of BPâ€™s ownership in upstream and midstream interests inÂ AlaskaÂ forÂ $5.6 billionÂ including the Milne Point and Point Thomson fields andÂ Prudhoe BayÂ oilfield where BPXA is the operator. This transaction marks Hilcorpâ€™s fourth major acquisition inÂ AlaskaÂ since 2012 and will position the company as one of the largest oil and gas producers in

Stena grabs work for the Forth with Springfield in Ghana

August 26, 2019

| Archives

The Stena Forth vessel has been booked by Springfield Exploration and Production for the wells on West Cape Three Points (WCTP) Block 2, starting with the Oak prospect. Stena Forth will get down to work for Springfield once it finishes its contract with Tullow Oil in Guyana, whereÂ oil was struck at Jethro-1, the first discovery on the Orinduik

Class action lawsuit filed against Valaris PLC

August 26, 2019

| Archives

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Valaris was plagued by a weak ultra-deepwater segment, massive cash usage, and significant negative cash flow; (2) the foregoing was reasonably likely to have a material negative impact on Valarisâ€™s second quarter 2019 results; (3) the merger

Tungsten Explorer to drill exploration well for Total in offshore Lebanon

August 26, 2019

| Archives

It was mentioned below in an article posted by Lebanon Gas News that oil major Total will be drilling offshore Lebanon in the near future, they also mentioned the vessel to perform the work as the 6th generation Tungsten Explorer although there has been no formal contract announcement. Can read more here Check out our other current stories! Popular News

Month: August 2019

Bassoe: August Floater Report

North America Rig Count: U.S. drops 12 more and Canada adds on 11

Q2 presentation, Borr states active worldwide jackup count to surpass 400

Croatia awards licenses for oil and gas exploration

6500 evacuated after explosion in Venezuela gas plant

Valaris adds an additional $84 million worth of new contracts to the backlog

BP exits Prudhoe Bay with $5.6 billion from Hilcorp

Stena grabs work for the Forth with Springfield in Ghana

Class action lawsuit filed against Valaris PLC

Tungsten Explorer to drill exploration well for Total in offshore Lebanon

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