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Month: August 2019

Popular News – Top 5 from this past week!

August 26, 2019
| Weekly Rundown

We had 7k page views this past week and the top 5 grabbed up 4k of them, below are our top 5 articles for the week of Aug 19 – Aug 25! #1 with 2,612 views Rig fire forces evacuations in Karnes County, Texas #2 with 830 views Seadrill enters into an agreement to provide a drillship for an exploration well

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Rig fire forces evacuations in Karnes County, Texas

August 24, 2019
| Archives

An early-morning oil rig fire in Karnes County is now out after forcing families to evacuate their homes. That fire started at a rig on FM 885 south of Runge around 3:45 a.m. Saturday. Karnes County Sheriff Dwayne Villanueva says it appears static electricity sparked the rig fire. Eleven families living near the rig had to evacuated while fire crews

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Tulsa’s H & P acquire DrillScan

August 22, 2019
| Archives

Helmerich & Payne, Inc. announced today its wholly owned subsidiary, Helmerich & Payne Technologies, LLC (H&P Technologies), has acquired DrillScan, a leading provider of proprietary drilling engineering software, well engineering services and training for the oil and gas industry. DrillScan will operate as part of H&P Technologies, H&P’s dedicated business entity focused on developing advanced technologies and directional drilling automation solutions

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BOEM records U.S. $159 million in bids for recent lease sale

August 22, 2019
| Archives

Interior’s Deputy Assistant Secretary for Land and Minerals Management Andrea Travnicek today announced that region-wide Gulf of Mexico Lease Sale 253 generated $159,386,761 in high bids for 151 tracts covering 835,006 acres in federal waters of the Gulf of Mexico. A total of 27 companies participated in the lease sale, submitting $174,922,200 in all bids. “We are excited

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Rig Lynx Company Update!

August 21, 2019
| Archives

As we get close to 10k downloads we wanted to share an update with everyone that has been following what we do here at Rig Lynx! In the coming weeks we will launch our Job Foundry, this will be an autonomous way to connect people to jobs in the industry. The process will be open ended for both

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Seadrill enters into an agreement to provide a drillship for an exploration well in the Bahamas

August 21, 2019
| Archives

Bahamas Petroleum Company, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas, is pleased to announce that it has entered into a series of agreements as part of a coordinated approach toward drilling its first exploration well in The Bahamas in 2020. Highlights ·     On course to see drilling of an

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Houston’s NOV cutting workforce for the second time this year

August 20, 2019
| Archives

Oilfield equipment and service provider National Oilwell Varco has begun trimming its workforce for the second time this year, two people familiar with the matter said this week, as oil producers cut spending budgets. The Houston, Texas-based company last quarter rolled out a voluntary early retirement program and said it was reorganizing operations to reduce costs as part

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Seadrill CEO “We continue to see increased tendering activityâ€

August 20, 2019
| Archives

Seadrill Q2 earnings below: Highlights• Solid operational performance in the quarter with 96% economic utilization• Revenue up 6% at $321 million with increasing reimbursable revenues• Operating Loss of $73 million• Adjusted EBITDA of $69 million• Reported net loss of $206 million equivalent to net loss per share of $2.03• Total cash of $1.5 billion following completion of the

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COSL grabs two well campaign with Coro Energy

August 19, 2019
| Archives

Coro Energy plc, the Southeast Asian focused upstream oil and gas company, is pleased to provide an operational update in relation to the upcoming drilling campaign in the Duyung Production Sharing Contract (‘PSC’) in the West Natuna basin, offshore Indonesia, in which Coro holds a 15% non-operated interest. Highlights · Well planning complete and approved by Duyung PSC partners and

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