+1(833) 396-4204 info@riglynx.com
Menu

Month: November 2021

New contracts and extensions for Noble in recent fleet update

November 5, 2021
| Archives

New Contract Activity Australia Noble Tom Prosser – 9 additional one-well priced options added to Santos contract Norway Noble Lloyd Noble – First of 12 one-well options exercised by Equinor Suriname Noble Gerry de Souza – Contract signed with APA Corporation for 1 firm well + 2 one-well priced options United Kingdom Noble Hans Deul – First of 2 one-well options exercised

Read More...

Borr doubles cash position from Q2 to Q3 in recent update

November 5, 2021
| Archives

Highlights: Activating Ran, Gerd, Groa and Mist for contracts – 17 rigs currently committed The Company had ten rigs available in Q2 – now reduced to six Activating Ran, Gerd, Groa and Mist for contracts – 17 rigs currently committed Cash balance doubled from Q2 to Q3 First milestone reached with regards to extending the 2023 debt maturities and commitments

Read More...

Equinor pulls out of Ireland offshore wind market

November 5, 2021
| Archives

Norwegian energy company Equinor has taken the unusual decision to abandon the budding Irish offshore wind market, ending a partnership with the nation's Electricity Supply Board (ESB) after just two years.  In 2019, Equinor reached a deal with the ESB to turn the Moneypoint coal-fired power station in County Clare into a hub for offshore wind development, with

Read More...

Glencore to sell Chad oilfields to Perenco

November 5, 2021
| Archives

Glencore has reached an agreement to sell its oilfields in Chad to the Anglo-French oil company Perenco, the general manager of Glencore’s local subsidiary said in a letter to employees seen by Reuters on Thursday. A Glencore spokesperson declined to comment. Source: Reuters Join our mailing list here

Read More...

Two months after Hurricane Ida Mars and Ursa come back online

November 5, 2021
| Archives

Shell said it had restarted production at its offshore Mars and Ursa in the Gulf of Mexico and began exporting oil and gas through a transfer facility, which was shut due to damage from Hurricane Ida. The oil major was the hardest-hit producer from Ida, which tore through the Gulf of Mexico in August and removed 28 million

Read More...

Southwestern to buy natural gas producer GEP Haynesville for $1.85 billion

November 4, 2021
| Archives

Southwestern Energy Co agreed to buy Blackstone-backed GeoSouthern’s assets in the Haynesville for about $1.85 billion, betting on rising gas prices and the field’s proximity to the growing U.S. Gulf Coast export hub. Producers have been consolidating in the U.S. shale as oil and natural gas prices recover from last year’s pandemic blow to trade at multi-year highs

Read More...

Pioneer to sell off $3.2 billion in land value to Continental Resources

November 4, 2021
| Archives

U.S. oil and gas producer Continental Resources Inc said on Wednesday it has agreed to buy the Delaware Basin assets of peer Pioneer Natural Resources for $3.25 billion, expanding Continental’s operations into Texas. It is the latest sign that soaring crude prices are emboldening some U.S. energy companies to pursue deals as they seek to ramp up production. Founded

Read More...

Chesapeake just added 900 drilling locations in the Haynesville

November 4, 2021
| Archives

Chesapeake Energy has completed its previously announced acquisition of Vine Energy. The transaction was approved by Vine stockholders at a special meeting held on November 1, 2021. Vine stockholders will receive fixed consideration of 0.2486 of a share of Chesapeake common stock plus $1.20 cash for each share of Vine common stock issued and outstanding immediately prior to the

Read More...

Cairn Energy plans name change to Capricorn Energy

November 4, 2021
| Archives

Cairn plans to change its company name from Cairn Energy to Capricorn Energy, effective from 13 December 2021. The LSE stock ticker will remain as CNE. This follows an agreement at the time of the Cairn India IPO that the name would ultimately be changed.  Given the recent legislative change in India and our participation in the related tax refund process, we

Read More...