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Month: February 2021

PTTEP makes largest gas discovery offshore in company history

February 11, 2021
| Archives

Thailand’s largest oil and gas firm, PTT Exploration and Production Pcl on Wednesday said it made its biggest gas find yet in a project offshore of Malaysia. “We are delighted to confirm the largest-ever gas discovery by PTTEP,” chief executive Phongsthorn Thavisin said, adding that the discovery strengthened the company’s investment base in Malaysia. The discovery is based on

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Equinor exits US shale on $900 million sale

February 11, 2021
| Archives

Equinor has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD $900 million. The transaction covers all of Equinor’s operated and non-operated acreage, totaling 242,000 net acres, and associated midstream assets in the Bakken.

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New bid round for Egypt slated for February 2021

February 10, 2021
| Archives

In an effort to ramp up exploration, state-owned Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company have announced the launch of a new oil and gas exploration bid round that will take place before the end of February 2021. According to the Minister of Petroleum and Mineral Resources H.E. Tarek El Molla, the bid round is

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Total moving to TotalEnergies in rebrand

February 10, 2021
| Archives

France’s Total posted better than expected earnings in the fourth quarter as oil prices stabilized and said it would change its name as part of a push to diversify and grow renewable power and electricity production. The French oil and gas major, which like rivals suffered in 2020 as fuel consumption tumbled during the pandemic, said it would

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Noble emerges from Chapter 11

February 9, 2021
| Archives

Noble Holding Corporation plc ("Noble UK") announced today that on February 5, 2021 it successfully completed its financial restructuring and its debtor affiliates have emerged from Chapter 11 with a new parent company organized under the laws of the Cayman Islands named Noble Corporation ("Noble" or "the Company"). As a result of the financial restructuring, Noble will have a

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Seadrill’s AOD files for Chapter 11

February 9, 2021
| Archives

The Board of Seadrill Limited announced that Chapter 11 cases have been filed in the Southern District of Texas in respect of Seadrill's wholly-owned subsidiaries Seadrill GCC Operations Ltd, Asia Offshore Drilling Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited (jointly, the "AOD Companies"). The Chapter 11 cases were

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Maersk and KNOC ink first drillship operation

February 9, 2021
| Archives

Maersk Drilling has secured a contract from Korea National Oil Corporation (KNOC) for the drillship Maersk Viking to drill one exploration well in Block 6-1 offshore the Republic of Korea. The contract is expected to commence in June 2021, in direct continuation of the rig’s previous work scope, with an estimated duration of 45 days. The contract

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February Newsletter

February 9, 2021
| 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 January For January we had over 29k article views, here are the top 5! News from SpaceX, ExxonMobil, Santos, Valaris and Constellation  Stay safe! Read More Market WTI is sitting at $57.92 at the time of writing this, it

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Rig Lynx Monthly Rundown – Top 5 for January

February 8, 2021
| Monthly Rundown

For January we had over 29k article views, here are the top 5! News from SpaceX, ExxonMobil, Santos, Valaris and Constellation  Thanks for reading with us and we wish you a great February! Stay safe! Valaris 8500 and 8501 will be converted by SpaceX Canada gives approval for three offshore drilling projects Santos grabs Noble Tom Prosser for a Q2 spud in Valaris DS4

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International Rig Count up 12 Units in January

February 5, 2021
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for January was 677, up 12 units from the count in December and down 401 units from the 1,078 counted in January 2020. Latin America is up 10 units to 119 from the December count of 109 units and is down 60 units year-over-year. The Asia-Pacific region is down 2 units from

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