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Operations teams “Human Factor†training | OutPut by Rig Lynx

July 24, 2018
| Archives

The International Well Control Forum (IWCF) has set up a new training initiative to help prevent oil and gas incidents. Specialists in human factors and strategic leadership developed the online training course with IWCF, an independent organization that establishes international training standards for well control. Research findings for the Well Operations Crew Resource Management awareness course showed that better understanding of

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First fracking permit issued in the UK | OutPut by Rig Lynx

July 24, 2018
| Archives

Shale gas developer Cuadrilla on Tuesday became the first operator in Britain to receive final consent from the government to frack an onshore horizontal exploration well, paving the way for commercial production. The government said it had granted approval for so-called hydraulic fracturing to take place at Cuadrilla’s Preston New Road site in northwest England. “I have carefully considered

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Ocean Rig Skyros keeps a healthy dayrate of 573k with Total Angola until 2021 | OutPut by Rig Lynx

July 23, 2018
| Archives

Ocean Rig has just provided an update on recent contracts. We haven’t seen much movement on the floater side in drillers’ fleet status reports so far (see Ensco (ESV) fleet status report, Rowan (RDC) fleet status report and Noble Corp. (NE) fleet status report), so an update from a floater pure-play is very interesting. Here’s what Ocean Rig had to say: Ocean Rig Poseidon got

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Shell secures exploration contracts in Mauritania | OutPut by Rig Lynx

July 23, 2018
| Archives

Shell Exploration and Production Mauritania signed two production sharing contracts with the government of Mauritania for the exploration and potential future production of hydrocarbons in the offshore blocks C-10 and C-19. “This move represents Shell’s entry into the West African Atlantic Margin exploration basin, which has significant potential,†said Andy Brown, Shell’s upstream director. “We look forward to

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Exxon claims 4 Billion BOE reserve size offshore Guyana | OutPut by Rig Lynx

July 23, 2018
| Archives

ExxonMobil Corp. has increased its estimate of the discovered recoverable resources for the Stabroek block offshore Guyana to more than 4 billion boe. The new estimate, up from 3.2 billion boe, supports a third phase of development and the consideration of two additional phases, the company said. The increase follows testing at the Liza-5 appraisal well, a discovery

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Northern Mexico pipeline lending a helping hand to the Permian | OutPut by Rig Lynx

July 23, 2018
| Archives

A new pipeline in northern Mexico should provide some relief for oil producers in the Permian Basin who are struggling with limited takeaway capacity for associated natural gas, according to BMI Research. “The startup of the El Encino-Topolobampo pipeline is a very welcome addition to Mexico’s natural gas network,†said Mara Roberts Duque, senior oil and gas analyst

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Concho Resources completes buy out of RSP Permian Inc. | OutPut by Rig Lynx

July 20, 2018
| Archives

Concho Resources Inc. has completed its acquisition of RSP Permian Inc., creating the largest unconventional shale producer in the Permian Basin. “We are excited to complete this transaction and welcome the RSP team to Concho,†Tim Leach, chairman and chief executive officer of Concho, said in a company statement. “By combining two great companies focused on the highest quality

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Another judge throws out climate change lawsuit | OutPut by Rig Lynx

July 20, 2018
| Archives

The City of New York sought the oil and gas quintet be held liable for the emissions that result from their worldwide production, marketing, and sale of fossil fuels, and the negative effects to the City. However, in its ruling dismissing the lawsuit, Judge John F. Keenan has said while the climate change is a fact of life, the serious

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