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Month: November 2020

International Rig Count Drops 46 More Units in October

November 7, 2020
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for October was 656, down 46 units from the count in September and down 474 units from the 1,130 counted in October 2019. Latin America is up 3 units to 86 from the September count of 83 units and is down 103 units year-over-year. The Asia-Pacific region is up 1 unit to 170 from the September count of

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Greenland eyes offshore exploration targets

November 6, 2020
| Archives

Since the last exploration drillings some years back, the Government of Greenland has been working on a new oil strategy that reduces geological uncertainty and allowing first movers a very attractive investment package. Promising areas While there has been silence around exploration of oil and gas in Greenland for some years, the Oil and Gas Department under the Government of Greenland

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Shell closing Convent, Louisiana, refinery

November 6, 2020
| Archives

Royal Dutch Shell said on Thursday it was closing its refinery in Convent, Louisiana, the largest such U.S. facility and first on the U.S. Gulf Coast to shut down since the coronavirus pandemic devastated worldwide demand. The shutdown will occur this month after Shell failed to find a buyer. The refinery is the ninth in North America targeted for

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JDC lands 18 month contract plus 2 one year extension options for the Hakuryu 14

November 6, 2020
| Archives

Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company in Indonesia together with a local shipping company have entered into a drilling contract with PT Pertamina Hulu Mahakam for the provision of a jack-up drilling rig "HAKURYU-14". The main terms of the drilling contract are as follows: 1. Operating Area: Mahakam Block, offshore Indonesia 2. Period

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November Newsletter

November 6, 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 October 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

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Apache announces 3rd quarter results and plans for 5th Suriname well

November 5, 2020
| Archives

Apache announces 3rd quarter results and plans for 5th Suriname well and the key takeaways are below: Upstream capital investment significantly below guidance in the third quarter; reduced full-year 2020 capital outlook to $1.0 billion Increased estimated annual run-rate cost savings associated with organizational redesign to $400 million from $300 million Reported third-quarter production of 445,000 barrels of oil equivalent

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Canada’s Tourmaline Oil buys out two rivals for $586 million +

November 5, 2020
| Archives

Canadian oil and gas producer Tourmaline Oil Corp said on Wednesday it has acquired Jupiter Resources Ltd in an all-stock deal valued at approximately C$626 million ($476.63 million), inclusive of debt. Tourmaline also said it bought Modern Resources Inc for C$144 million in a cash and stock deal on Nov. 2 and hopes the two deals will lift

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Noble Fleet Status Update Highlights

November 5, 2020
| Archives

Noble Drilling issued their fleet status update, below are the highlights: United Kingdom Noble Hans Deul – Contract award for an estimated 440 days with Independent Oil and Gas from March 2021 to May 2022 Guyana Noble Tom Madden – 6.5-year extension with Esso from Mid-February 2024 to Mid-August 2030 Qatar Noble Mick O’Brien – Contract extended to Mid-August 2021 Saudi Arabia Noble

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Maersk awarded three well gig for the Resilient

November 5, 2020
| Archives

Maersk Drilling has secured a contract from Petrogas E&P Netherlands B.V. for the harsh environment jack-up rig Maersk Resilient to drill three wells at the B13 and A12 fields in the Dutch sector of the North Sea. The contract is expected to commence in November 2020 and has an estimated duration of 110 days. The firm contract

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