August 2021 - Rig Lynx

Hess sells two Danish fields to INEOS for $150 million

August 31, 2021

Chemicals and energy group INEOS said on Monday it has completed its acquisition of Hess Corp’s stake in two Danish oilfields for $150 million. Under the deal announced in March, INEOS Energy will acquire 61.5% of the Hess-operated Syd Arne oilfield, in which INEOS already holds the remaining stake, and a 4.8% stake in the INEOS-operated Solsort field. UK-based

ADNOC awards Pakistani consortium exploration rights for offshore block

August 31, 2021

| Archives

The Abu Dhabi National Oil Company (ADNOC) said on Tuesday it had signed an exploration concession agreement with a consortium of four Pakistani companies, in the major oil producer’s second competitive block bid round. The consortium led by Pakistan Petroleum Limited (PPL) was given the exploration rights for Abu Dhabi’s Offshore Block 5. The group is expected to

Borr awarded two LOIs for more work in West Africa

August 31, 2021

| Archives

Borr issued a fleet status update with its Q2 2021 presentation and here are the highlights: Jackup Natt has been awarded a letter of award from an undisclosed operator for one year of operations offshore West Africa with options. Jackup Frigg has been awarded a letter of intent from an undisclosed West African operator with similar duration and options

Basic Energy cutting 500 Texas jobs

August 30, 2021

| Archives

Oilfield services provider Basic Energy Services is warning employees that nearly 500 jobs could be eliminated in Texas, according to a filing with the state’s workforce commission, as the company works through Chapter 11 restructuring that includes asset sales. The job cuts are focused throughout Texas, with 135 positions eliminated in Howard County in West Texas and 120

Noble reports on rig conditions following Ida

August 30, 2021

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Noble Corporation announced that all personnel onboard the Pacific Sharav, Noble Globetrotter I, and Noble Globetrotter II ultra-deepwater drillships in the US Gulf of Mexico are safe and accounted for following Hurricane Ida. Each rig successfully secured its respective well in progress and took evasive actions to avoid the storm's path. Of the three, the Noble Globetrotter II is the only vessel that

CGX exercised an option on the Maersk Discoverer

August 30, 2021

| Archives

CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp has exercised an option to drill one additional exploration well offshore Guyana. The work is expected to commence in the first half of 2022 in direct continuation of the semi-submersible rig Maersk Discoverer’s contract with Shell Trinidad. With this option called, Maersk Discoverer is

Rig Lynx Weekly Rundown – Transocean lands contract for newbuild Deepwater Atlas

August 30, 2021

| Weekly Rundown

Transocean lands contract for newbuild Deepwater Atlas Transocean Ltd. announced that BOE Exploration & Production LLC (“BOE”) awarded Transocean a $252 million firm contract for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million. Read More Mandatory vaccinations added to employee requirements for Chevron, Hess and more U.S. energy companies are moving to require that employees receive COVID-19 vaccinations as infection rates rise

Rig Lynx Monthly – Top 5 for August

August 29, 2021

| Monthly Rundown

For August we had over 33k article views, here are the top 5! It was Valaris, Saipem and Transocean this month... Thanks for reading with us and we wish you a great September! Stay safe! Valaris fleet status report, multiple new contracts adds over $1 billion to backlog Valaris shared their updated fleet status report and here were the highlights. Valaris fleet status report,

Rig Lynx – Technology Survey

August 29, 2021

| Surveys

This survey is now closed, you can find the results by following this link Survey Results We all love technology, but the industry is always slow to adopt it. We have a few questions to understand what more teams are using in the field. Here we have 8 multiple choice questions, no email required, and all results will be

Month: August 2021

Hess sells two Danish fields to INEOS for $150 million

ADNOC awards Pakistani consortium exploration rights for offshore block

Borr awarded two LOIs for more work in West Africa

Basic Energy cutting 500 Texas jobs

Noble reports on rig conditions following Ida

CGX exercised an option on the Maersk Discoverer

Rig Lynx Weekly Rundown – Transocean lands contract for newbuild Deepwater Atlas

Rig Lynx Monthly – Top 5 for August

Rig Lynx – Technology Survey

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