January 2021 - Page 11 of 11

Pacific emerges from bankruptcy

January 4, 2021

Pacific Drilling S.A. announced that the Company and each of its debtor affiliates have emerged from the Chapter 11 process, signaling the successful completion of the Company’s balance-sheet restructuring and the implementation of the Modified First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the “Plan”) confirmed

Oil exports from Venezuela are the lowest they have been in over 70 years

January 4, 2021

| Archives

Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA, financially squeezing socialist President Nicolas Maduro. The administration of U.S. President Donald Trump also put curbs on PDVSA’s main trading partners, the owners of tankers still transporting Venezuelan oil and

Egypt signs $1 billion worth of new agreements for offshore oil and gas exploration

January 4, 2021

| Archives

Egypt said it signed new agreements involving investment of about $1 billion to search for oil and natural gas in parts of the Mediterranean and Red Sea. The deals are with six international and local companies including Exxon Mobil Corp. and Chevron Corp., the state-run Middle East News Agency reported Friday, citing a statement from Oil Minister Tarek

Valaris DS4 and DS8 dock in Hunterston Pier just before New Years

January 4, 2021

| Archives

According to local news and website Largs & Millport the DS4 and DS8 have successfully docked at Hunterston Pier in Scotland. Both ships are in the lay up or warm stack mode, although the Hunterston Pier has been as of recent conversations about being a large decommissioning point in the UK. Valaris’s last Fleet Status Report does not reflect

Rig Lynx Weekly Rundown – ExxonMobil and Seadrill ready the Saturn for operations in Campos and Santos Basin

January 3, 2021

| Weekly Rundown

ExxonMobil and Seadrill ready the Saturn for operations in Campos and Santos Basin ExxonMobil will start a new exploration campaign on the Brazilian coast. The company received the endorsement from Ibama (Brazilian Environmental Institute) to drill wells in blocks BM-C-753, BM-C-789, BM-S-536, BM-S-647 and Titã, located in the Campos basins and Santos. The license granted by the environmental agency will

Oil Prices, Market News, Barstool Fund, Excessive Force and JJ Watt was Pissed

January 1, 2021

| OVERTIME

Greg and Ryan Talk Oil Price, Market News, Japan on Zero Gas Cars, WalMart Sore Loser, JJ Watt was Pissed, Barstool Fund, Excessive Force, Fast Food in Pompeii and WW84 SUBSCRIBE TO THE PODCAST: https://www.spreaker.com/show/overtime_16 LISTEN ON: ITUNES: https://podcasts.apple.com/us/podcast/overtime/id1543586841 SPOTIFY: https://open.spotify.com/show/011NdEFDU9kjroD2C6WJZR?si=p6H58eTDR-6FwiH7uB5KaA YouTube: https://www.youtube.com/c/RigLynx ADD US ON: LINKEDIN: https://www.linkedin.com/company/rig-lynx ADD US ON: INSTAGRAM: https://www.instagram.com/riglynx/ Tune in each Thursday at 10:00 am CST for our next episode! Rig Lynx LLC nor

China on the Verge of Reversing Ship Recycling Ban

January 1, 2021

| Archives

Ever since China banned the recycling of foreign ships on its shores at the end of 2018, there has been an increasing call in the shipping community to allow the work to resume. Now, it is understood that Beijing is close to reversing its two-year-old decision. The move will give ship owners better green ship recycling alternatives concerning

Exxon signals $20 billion 4th quarter write down

January 1, 2021

| Archives

Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth quarter results, but the gains would be overshadowed by an up to $20 billion asset writedown. The largest U.S. oil producer has posted losses in the first three quarters of 2020 on an ill-timed spending increase that

Despite Tariffs, U.S. Trade Deficit in Goods Reaches All-Time High

January 1, 2021

| Archives

Despite tariff measures and the disruption of the COVID-19 pandemic, the U.S. trade deficit in goods rose to a record $84.8 billion for the month of November, up 5.5 percent over the same period last year. Goods imports were up by nearly six percent in November compared with a year earlier, and exports fell by more than

Do not do it!!!!

January 1, 2021

| Memes

When it comes to the amount of money people set on fire each year, literally, this one takes the cake!! Join our mailing list here

Month: January 2021

Pacific emerges from bankruptcy

Oil exports from Venezuela are the lowest they have been in over 70 years

Egypt signs $1 billion worth of new agreements for offshore oil and gas exploration

Valaris DS4 and DS8 dock in Hunterston Pier just before New Years

Rig Lynx Weekly Rundown – ExxonMobil and Seadrill ready the Saturn for operations in Campos and Santos Basin

Oil Prices, Market News, Barstool Fund, Excessive Force and JJ Watt was Pissed

China on the Verge of Reversing Ship Recycling Ban

Exxon signals $20 billion 4th quarter write down

Despite Tariffs, U.S. Trade Deficit in Goods Reaches All-Time High

Do not do it!!!!

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