August 2020 - Page 3 of 10

Hurricane Laura poses biggest threat to U.S. oil in 15 years

August 25, 2020

The U.S. energy industry began preparing for a major hurricane strike by Tuesday, cutting crude production at a rate approaching the level of 2005’s Hurricane Katrina and halting oil refining at plants along the Texas/Louisiana coast. The storm will rapidly gain strength and become a major hurricane with sustained, 115 mile per hour (185 kph) winds when it

Seadrill says debt talks may leave owners with nothing

August 25, 2020

| Archives

Offshore drilling rig contractor Seadrill’s ongoing attempt to restructure its massive debt could leave current shareholders with minimal or no ownership at all, the Oslo-listed company said on Tuesday. Demand for exploration and drilling has fallen further during the COVID-19 pandemic as oil firms seek to preserve cash, idling more rigs and leading to additional overcapacity among companies

Are you burning through cash with your online promotions?

August 25, 2020

| Discussions

Are you burning through cash right now with your online promotions? What about trying to read the analytics, does it seem confusing because you haven't spent a whole lot of time digging through the dirt to find the diamond? Come see us, we can find that diamond for you!

Barron Petroleum makes massive find in Permian

August 24, 2020

| Archives

Thanks to a partnership with a geoscientist in the Permian Basin, a family-owned oil company is celebrating its largest discovery yet: a 13,000-acre field in Val Verde County holding an estimated 417 billion cubic feet, or 74.2 million barrels, in oil and gas reserves. Barron Petroleum, based in Graham, announced the discovery on Monday after working with scientist

Rig Lynx Weekly Rundown – Top 5 from week 34

August 24, 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 34, Aug 16 - Aug 22, we had 4k page views, and below are the top 5 Have a great week ahead! Diamond puts the Onyx to work for Beach, 6 firm wells Total Angola

North America Rig Count: U.S. up 10 and Canada up 2

August 21, 2020

| Weekly Rig Count

Baker Hughes Rig Count: U.S. +10 to 254 rigs U.S. Rig Count is up 10 from last week at 254 with oil rigs up 11 to 183, gas rigs down 1 to 69, and miscellaneous rigs unchanged at 2. U.S. Rig Count is down 662 rigs from last year's count of 916, with oil rigs down 571, gas rigs

Brazil prosecutors accuse two people in alleged Petrobras-Maersk corruption scheme

August 21, 2020

| Archives

Brazilian prosecutors pressed charges on Friday against two people for their alleged role in a scheme to obtain confidential market information from Petrobras to benefit Danish Maersk, the world’s largest shipping company. The case is a development of an investigation involving suppliers like Maersk that started in 2014 as part of the sprawling Car Wash scandal, which has

Turkey President announces 320 billion cubic meter gas find – largest in black sea

August 21, 2020

| Archives

President Recep Tayyip Erdogan said Turkey has found 320 billion cubic meters of natural gas in the biggest ever discovery in the Black Sea, and hopes to begin production by 2023. The lira and benchmark share index both gave up gains, though, possibly reflecting disappointment among investors over the size of the deposit. ”We have conducted this operation completely

Running from a problem…?

August 20, 2020

| Memes

No use in running from it, hit it straight in the face, conquer it

Petrobras fast tracks employee remote access provided by Microsoft

August 20, 2020

| Archives

Big Oil is tapping Big Tech to keep drilling off the shores of Brazil even as the global pandemic traps workers at home. Confronted with the need to keep employees working remotely, Petroleo Brasileiro SA fast-tracked a move to a Microsoft Corp. cloud platform it had already been testing before lockdowns, Fernando Lemos, Microsoft’s chief technology officer in

Month: August 2020

Hurricane Laura poses biggest threat to U.S. oil in 15 years

Seadrill says debt talks may leave owners with nothing

Are you burning through cash with your online promotions?

Barron Petroleum makes massive find in Permian

Rig Lynx Weekly Rundown – Top 5 from week 34

North America Rig Count: U.S. up 10 and Canada up 2

Brazil prosecutors accuse two people in alleged Petrobras-Maersk corruption scheme

Turkey President announces 320 billion cubic meter gas find – largest in black sea

Running from a problem…?

Petrobras fast tracks employee remote access provided by Microsoft

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