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Month: July 2020

BOPX to integrate Tienovix’s patented AR technology

July 27, 2020
| Business Spotlight

Tienovix Oilfield Technologies, LLC (“Tienovix”) and BOPX LLC (“BOPX”) are pleased to announce the two companies have signed an agreement to integrate Tienovix’ proprietary and patented Augmented Reality (“AR”) technology, Pro-G Systems (“Pro-G”) into the oil & gas sector. Through this arrangement, the two companies hope to enhance the human-machine interface by integrating cutting-edge Artificial Intelligence (“AI”)

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NRG Energy Inc. to Acquire Direct Energy for $3.6 billion

July 27, 2020
| Archives

NRG Energy Inc. announced it has entered into a definitive agreement with Centrica PLC under which NRG will acquire Direct Energy, a North American subsidiary of Centrica PLC for $3.625 billion in an all-cash transaction. The transaction builds on NRG’s status as a growing, customer-driven integrated energy provider, adding more than three million retail customers across 50 states and Canada. The transaction

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Cypriot gas, what the Noble buyout means

July 27, 2020
| Archives

After taking over Noble Energy this week, Chevron will likely take its time in deciding what to do with the Aphrodite gas-field Chevron agreed this week to acquire Noble Energy, mostly because of its shale oil and gas assets in the US, at a bargain price of close to $5billion – about 40 per cent of the value

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Exxon falls out of the world’s #1 spot as India’s Reliance steps in

July 27, 2020
| Archives

Reliance Industries Ltd. toppled Exxon Mobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays. Reliance, which is controlled by Asia’s richest man and manages the world’s biggest oil refinery complex, rose 4.3% in Mumbai on Friday, taking its market value

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Rig Lynx Weekly Rundown – Top 5 from week 30

July 26, 2020
| Weekly Rundown

Welcome back! If you missed any of the trending articles from last week we got them all here for you to start your week off with For week 30, July 19 - July 25, we had 7k page views, and below are the top 5 Have a great week ahead! Relentless prepares for upcoming contract with Chevron GOM BJ Services files for Chapter

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Schlumberger cuts deeper – 21,000 jobs axed

July 26, 2020
| Archives

Oilfield services giant Schlumberger NV on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly loss on thousands of job cuts and a pipeline outage in Ecuador. The large loss capped second-quarter reports from U.S. oilfield services providers that laid bare the damage wreaked by the coronavirus crisis. Producers

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Update – Most Active User Contest Week 30

July 24, 2020
| Archives

Here is a quick update for our "Top 10" users for this weeks contest! United States is currently in the lead! Marvin Peebles / Contract Manager / United States Adil Channa / Petroleum Engineer / Pakistan Elena Charles / Chief Engineer / United States Anthony Deer / Consultant / United States Snkt Patel / 1st Engineer / India Appanna Palepu / Business Development Manager / India Shafiq Fautar / 1st Engineer / Kuwait Gowtham

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Schlumberger reports a net loss of $3.43 billion for 2nd Q

July 24, 2020
| Archives

Oilfield services giant Schlumberger NV on Friday reported its second-straight quarterly loss after recording a $3.7 billion charge, including costs related to over 21,000 jobs cuts, amid this year’s oil price crash. The company rounded off second-quarter earnings reports from major U.S. oilfield services providers that laid bare the damage wreaked by the coronavirus crisis, particularly in North

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