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Month: July 2020

Cheap work is not always the best work

July 4, 2020
| Memes

Just a reminder that when you think you are being charged to much for a service, do yourself a favor and look around the market at other service providers before you ask your service provider to lower their prices, you may find that you are getting a good deal. Next thing that will happen is that they will

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Update – Most Active User Contest Week 27

July 3, 2020
| Archives

Here is a quick update for our "Top 10" users for this weeks contest! India is currently in the lead! Prem Upadhyay / HSE Advisor / India Roberto Costa / Mechanic / Brazil Carolyn Ho / Ops Manager / Singapore Sean Johnson / Mechanical Technician / United Kingdom Shayban Boda / Student / India Lee Cooper / Account Manager / United States John Paul O'Donnell / Chief Mechanic / United Kingdom Ashley

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COSL signs rig letter of intent for COSLInnovator

July 3, 2020
| Archives

COSL Drilling Europe is now rewarded for investing in keeping the COSLInnovator in operational condition (ready to drill). Early next year the rig will again commence operation in the North Sea drilling 2-3 wells for a un-named rig operator.   This is a very pleasant and well-deserved summer greeting to our organization and all employees for the effort

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Transocean lands 17 month contract with LLOG with estimated value of $250 million

July 3, 2020
| Archives

Contract with Transocean in agreement for drilling and completion services on the Shenandoah project Further as stated in Section 5.2.8 of the Partnership Periodic Report for 2019, as published on March 29, 2020 (Reference No: 027949-01-2020) (hereinafter: "Periodic Report") Shenandoah Oil Below: "The Operator" and "The Project", respectively updated that on June 30, 2020, an agreement was signed for drilling

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South African refinery explosion kills two, injures seven

July 3, 2020
| Archives

Two people were killed on Thursday in an explosion at Astron Energy’s 100,000 barrel per day refinery in Cape Town, the company said as it promised a full investigation. The Western Cape’s emergency medical services said one man and one woman died at the scene, while seven people sustained minor injuries and were taken to hospital. “This is a

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Borr Drilling Limited Regains Compliance with NYSE

July 3, 2020
| Archives

Borr Drilling Limited, refers to its announcement on May 12, 2020 regarding the written notice received from the New York Stock Exchange (the "NYSE") that the Company was not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE (the “Continued Listing Standard”) because the average closing

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July Newsletter

July 3, 2020
| Monthly Newsletter

Welcome back to another monthly newsletter from your friends here at Rig Lynx where our only mission is to connect people…simple. Top 5 Articles for June Rig Lynx Monthly Rundown - Top 5 for June Market WTI is sitting at 39.95 this morning, OPEC just announced a cut that hasn’t been seen since 1991 during the Gulf War days, will

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Houston based McDermott completes restructuring

July 2, 2020
| Archives

McDermott International Ltd. ("McDermott" or the "Company") announced that the Company has successfully completed its restructuring process. The comprehensive balance sheet restructuring equitizes nearly all of McDermott's $4.6 billion of funded debt. The Company emerges with $2.4 billion in letter of credit capacity and $544 million of funded debt. McDermott has completed the sale of Lummus Technology to a joint partnership between Haldia Petrochemicals

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Eni: New gas discovery in the Mediterranean Sea offshore Egypt

July 2, 2020
| Archives

Eni have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush. The discovery further extends to the west the gas potential of the Abu Madi formation reservoirs discovered and produced from the so-called "Great Nooros Area". Eni (as the Operator of

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