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Refineries in US throw the throttle back | OutPut by Rig Lynx

July 3, 2018

U.S. refiners have returned from maintenance with a vengeance, processing more than 18 million barrels a day of crude and other oils for the first time in the week ended June 22. What does that mean for the markets? Gasoline stockpiles have increased 2.9 percent in June, the biggest gain for the month since 2009. Thereâ€™s enough supply

The â€œnew guyâ€ in the crowded Permian Basin | OutPut by Rig Lynx

July 3, 2018

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The rig count for the Permian Basin on June 1 was up by 113 rigs to 477 units over last yearâ€™s count of 364, according to Baker Hughes, a GE company. Among those 477 units is Calgary-based AKITA Drillingâ€™s Rig 90. The 3,000-hp ultrahigh-specification rig is under contract with a major U.S. E&P company and is operating in

8 Million barrels in tankers held offshore for as long as two months is rare | OutPut by Rig Lynx

July 2, 2018

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Four BP-chartered supertankers containing a total of 8 million barrels of oil have been held up off Chinaâ€™s east coast over the past two months, in a sign that slower demand from independent refiners may have caught traders off guard, ReutersÂ reportedÂ on Friday, citing shipping data and trading and shipping sources. BP was one of the first Western oil

Alameda and Zapato wells tendering up in Cuba | OutPut by Rig Lynx

July 2, 2018

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Permitting and Drilling Rig Preparatory work is continuing in Cuba in readiness for the planned drilling program inÂ Block 9. From a permitting perspective, intermediate approvals are continuing to be obtained for both theAlameda and Zapato exploration wellsÂ as progress is made towards submissions for the final Approval to Drill permits. Civil works contract scope definition has progressed and the civil

2,800 wells on hold in Utah, Ute Indian Tribe pleased with the decision | OutPut by Rig Lynx

July 2, 2018

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A massive natural gas project that promised as much as $1 billion in state royalties over its lifetime is off the table for now due to a variety of factors, especially plummeting natural gas prices. The Greater Chapita Wells project planned on 43,000 acres in the Uinta Basin was first proposed by EOG Resources in 2009 and underwent

Africa in the right place as interest comes back to oil and gas offshore | OutPut by Rig Lynx

July 1, 2018

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Africa continues to offer abundant opportunities to explore for hydrocarbons in a frontier market. This is demonstrated by the great and the good of the sector that turn up every November for Africaâ€™s leading conference and exhibition â€“Â Africa Oil Week. Many of those were in London earlier this month and I took the opportunity to gain a

Oil prices hits 3 1/2 year high, hereâ€™s the rundown | OutPut by Rig Lynx

July 1, 2018

| Archives

U.S. sanctions likely to cut Iranian crude exports sharply * Supply disruptions, record demand leave little spare capacity * Russia, Saudi and U.S. output all close to 11 mln bpd (Updates market activity, prices, adds commentary; changes byline, dateline; previous LONDON) U.S. oil prices rose to a three-and-a-half year high on Thursday, bolstered by supply concerns due to U.S. sanctions

Crude price rise leads to best company performances since 2011 |OutPut by Rig Lynx

July 1, 2018

| Archives

Oil and gas drilling stocks are having their best quarter since 2011 as crude prices surge Oil and gas stocks are on pace for their best quarter since the final three months of 2011. The SPDR S&P Oil and Gas Exploration and Production fund, better known as the XOP, is up more than 22 percent this quarter. Oil drillers in

Industry skill shortage, but not at the rotary? | OutPut by Rig Lynx

June 30, 2018

| Archives

Our world has become incredibly connected and that is affecting many industries and the way they share information. The Internet of Things (IoT) plays a pivotal role in this as the devices involved gather important data and provide actionable information faster than ever before. Oil and gas is one of the many industries that is turning towards cloud-based

NOV setting up a new shop to build jackups for Aramco | OutPut by Rig Lynx

June 30, 2018

| Archives

Saudi Aramco has signed an agreement with US-based National Oilwell Varco to develop a manufacturing facility for drilling equipment in Ras Al Khair, the companies said in a statement. Aramco will own 30 per cent of the joint ventureâ€™s shares with the US firm holding the remaining 70 per cent interest. The agreement was a step in the direction

Author: Admin

Refineries in US throw the throttle back | OutPut by Rig Lynx

The â€œnew guyâ€ in the crowded Permian Basin | OutPut by Rig Lynx

8 Million barrels in tankers held offshore for as long as two months is rare | OutPut by Rig Lynx

Alameda and Zapato wells tendering up in Cuba | OutPut by Rig Lynx

2,800 wells on hold in Utah, Ute Indian Tribe pleased with the decision | OutPut by Rig Lynx

Africa in the right place as interest comes back to oil and gas offshore | OutPut by Rig Lynx

Oil prices hits 3 1/2 year high, hereâ€™s the rundown | OutPut by Rig Lynx

Crude price rise leads to best company performances since 2011 |OutPut by Rig Lynx

Industry skill shortage, but not at the rotary? | OutPut by Rig Lynx

NOV setting up a new shop to build jackups for Aramco | OutPut by Rig Lynx

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