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

Month: March 2020

Helix provides operational and financial update

March 31, 2020
| Archives

Helix Energy Solutions Group, Inc. announced that, in light of the current, significant macroeconomic uncertainty resulting from the recent decline in oil prices and the ongoing COVID-19 crisis, it is withdrawing its previously issued financial and operational performance guidance for 2020. Owen Kratz, President and Chief Executive Officer of Helix, stated, “We are withdrawing our previously issued guidance for

Read More...

Oil ends March with biggest monthly and quarterly losses ever

March 31, 2020
| Archives

Crude oil benchmarks ended a volatile quarter with their biggest losses in history, as both U.S. and Brent futures were hammered throughout March on the global economic freeze due to the coronavirus pandemic and the eruption of a price war between Russia and Saudi Arabia. Both benchmarks lost roughly two-thirds of their value in the quarter, with March’s

Read More...

PV Drilling CEO issues letter to all employees

March 31, 2020
| Archives

  During the first 3 months of 2020, the Covid-19 pandemic broke out and quickly spread throughout the world with over 240,000 infected cases and 10,000 deaths, resulting in a sharp global recession. The whole world is struggling to deal with direct consequences in all aspects of business operation when value chains have been badly affected by disruptions

Read More...

Lebanese oil and gas sector feeling the strain

March 31, 2020
| Archives

Major oil and gas companies such as BP, Chevron, Eni, Exxon and Total have announced major cuts and other austerity measures this week, and the outlook for high-cost producers is grim. But what impact could the coronavirus outbreak potentially have on the nascent sector in Lebanon over the coming months? The first deadline looming ahead is the closing date

Read More...

Aker Solutions grab brownfield contract in Brunei

March 31, 2020
| Archives

  Scope of work covers maintenance and upgrades to maintain production levels for more than 200 offshore assets. The name of the new entity is PTAS Aker Solutions Sdn Bhd. The joint venture will ensure continuity of delivery to BSP and has a strong local execution capability, combined with the full value of Aker Solutions’ international expertise. The work

Read More...

Popular News – Top 5 from this past week

March 30, 2020
| Weekly Rundown

This past week we had 16.6k page views and the top 5 grabbed up 9.9k of them, below are our top 5 articles for the week of March 22 – March 28! Everyone stay safe and healthy out there! #1 with 4,643 views Nabors Responds to Market Conditions #2 with 1,961 views Valaris receives two contract terminations and provides operational updates #3 with

Read More...

Schlumberger CEO: “It’s not an easy rideâ€

March 27, 2020
| Archives

Schlumberger , the world’s largest oilfield services company said it would cut spending by 30% this year from last year’s levels as the oil market has been roiled by the coronavirus outbreak and Saudi-Russia price war. The company expects a rapid reduction in active drilling and hydraulic fracturing activity, estimating the number of rigs in operation could fall

Read More...