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Month: November 2020

7th Annual Ghana Oil and Gas Awards

November 5, 2020
| Archives

Rig Lynx will be in attendance at the 7th Annual Ghana Oil and Gas Awards this weekend in Accra at the beautiful Kempinski Hotel. For more information on the event please visit their website Please contact Humu Bawa Ghamsah if you are planning on attending, she can share with you some of the work we are doing for the

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Pacific announces NYSE trading suspension and notice of delisting

November 4, 2020
| Archives

Pacific Drilling S.A. (NYSE: PACD) announced today that it has received notice from the New York Stock Exchange (“NYSE”), that as a result of the filing of its voluntary petition for reorganization (the “Plan of Reorganization”) under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division,

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Shell buys into 50% interest in Transkei & Algoa blocks offshore South Africa

November 4, 2020
| Archives

Impact Oil & Gas announced that its wholly owned subsidiary, Impact Africa has entered into an agreement with BG International, a wholly owned subsidiary, of Royal Dutch Shell for the farm-out of a 50% working interest and operatorship in the Transkei & Algoa exploration right, offshore South Africa (Exploration Right reference 12/3/252). Under the terms of the farm-out

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Total looking to sell stakes in Angola

November 4, 2020
| Archives

Total is seeking to sell stakes in a number of Angolan oilfields, in what is seen as an early sign of an expected wave of divestments by big energy companies from the West African country, industry sources said. Total could raise around $300 million from the sale of its 20% stake in Angola’s offshore Block 14, which includes

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BP selling London St. James HQ for $324 million +

November 4, 2020
| Archives

British oil major BP is close to selling its central London headquarters for about 250 million pounds [around $324.4 million] as the coronavirus pandemic has forced the company to cut costs, the Financial Times reported on Tuesday. The office, located at St James’ Square, which houses about 500 employees is under offer to Lifestyle International Holdings, a Hong

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Rig Lynx Monthly Rundown – Top 5 for October

November 4, 2020
| Monthly Rundown

For October we had over 38k article views, here we will cover the top 5! News from Transocean, Seadrill, Valaris, Turkey and Angola Nationalization We know that it's not that easy at the moment but we wish all of you well wherever you are, thanks for reading with us and we wish you a great start to November! Stay safe! Is

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Transocean reports on Q3 highlights

November 3, 2020
| Archives

Transocean Ltd. today reported a net income attributable to controlling interest of $359 million, $0.51 per diluted share, for the three months ended September 30, 2020. Total contract drilling revenues were $773 million (total adjusted contract drilling revenues of $830 million), compared with $930 million in the second quarter of 2020 (total adjusted contract drilling revenues of $983 million); Revenue efficiency was 96.6%, compared with 97.2% in the prior quarter; Operating

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Noble bags 5 well gig with IOG

November 3, 2020
| Archives

Independent Oil and Gas plc ("IOG" or "the Company"), (AIM: IOG.L), the UK gas company targeting high returns via an infrastructure-led hub strategy, as operator of its joint venture with CalEnergy Resources (UK) Ltd, is pleased to announce that it has awarded the rig contract for its Core Project Phase 1 to a subsidiary of Noble Corporation

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Petrofac completes sale of Mexico assets and notes $80.2 million dispute with Perenco, legal proceedings pending

November 3, 2020
| Archives

Further to its statement on 19 September 2019, Petrofac Limited (“Petrofac”) announces that the Group has completed the sale of its remaining 51% interest in its upstream IES operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco Energies International Limited (“Perenco”). Perenco now owns 100% of the operations in Mexico. This transaction largely completes the Group’s

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Lufkin buys Schlumberger’s North American rod lift business

November 2, 2020
| Archives

Lufkin Industries said on Monday it had acquired oilfield services giant Schlumberger's North American unit that helps boost production from wells using so-called rod lift gear. The company did not provide a deal value. Schlumberger had put the rod lift business on sale, even before the industry was hit by an unprecedented decline in demand and prices due to

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