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

Author: Admin

History Should be the First Checkbox | OutPut by Rig Lynx

June 12, 2018
| Archives

Some years ago, an academic colleague referred to an older economist as ‘a historian,’ which was clearly intended as an insult, given the fetishism among American academic economists for higher-level mathematics.  I can’t count the number of time economists have said to me that they simply cannot read the American Economic Review anymore because the math is impenetrable to

Read More...

Well Flipping, What’s That Cost? | OutPut by Rig Lynx

June 12, 2018
| Archives

  Last year the fracking company Halcón Resources announced a new strategy that was sold as the path to profits for the previously troubled shale oil and gas firm. The company had sold its stake in the Bakken oil fields in order to double down on the Permian shale in Texas. At the time, Reuters touted the deal as a “stunning turnaround†for CEO Floyd Wilson,

Read More...

US Withdrawal from Iran Deal, India and Iran Trade Will Take a Hit | OutPut by Rig Lynx

June 11, 2018
| Archives

President Donald Trump withdrew from the landmark Iran nuclear deal in May following months of speculation. Formally titled the “Joint Comprehensive Plan of Action†(JCOPA), the multilateral accord was aimed at limiting Tehran’s disputed nuclear program in exchange for relief from international sanctions targeting Iran’s lucrative oil trade with countries like India. Shortly after the agreement was

Read More...

Total LNG Stepping Up Their Game | OutPut by Rig Lynx

June 11, 2018
| Archives

Shareholders of Clean Energy, the California-based liquefied natural gas (LNG) supplier for transport, approved on Friday the recent deal with France’s Total under which the latter will buy up to 50.8 million shares of Clean Energy for $83.4 million. Clean Energy shareholders approved, by over 97 percent of the shares present at the company’s annual shareholders meeting, the purchase by Total

Read More...

European Pact Grabs Another 3 Billion Cubic Meters of Gas and 250 Mill BBLs of Oil | OutPut by Rig Lynx

June 11, 2018
| Archives

  Algeria’s Sonatrach on Monday signed a 25-year extension for exploration and development with France’s Total and Spain’s Repsol for the Tin Foye Tabankort gas field in block 238, the state energy firm said and was confirmed by the French oil major. “These investments will allow to maintain the production of the field, which is currently over 80,000 barrels of oil equivalent per day for 6 years,†Total

Read More...

“The transition to a more sustainable energy system is too slow†| OutPut by Rig Lynx

June 9, 2018
| Archives

  Peak oil demand could come around 2030 at 111 million bpd in the current market as road transport electrification and efficiency gains in all sectors offsets increasing petrochemical and aviation growth, Norway’s Equinor said in its Energy Perspectives report on Thursday. That assumption is one of Equinor’s scenarios for energy transition, Reform, which suggests that oil demand will grow robustly

Read More...

Will High Oil Price Destroy Growth? | OutPut by Rig Lynx

June 9, 2018
| Archives

  The recent jump in oil prices to $80 per barrel raised a lot of questions about whether or not the heady demand growth projections for this year would hold up. In fact, signs of strain quickly popped up in disparate parts of the world. But as governments move to protect their citizens from high fuel prices (and

Read More...

Borr Hammers Out Another Contract | OutPut by Rig Lynx

June 9, 2018
| Archives

  In a presentation last week, the company said it had secured a 6-month drilling contract for the Norve rig in West Africa. The contract is expected to start in August at a dayrate of $80,000, placing the full contract value at around $14.7 million. The offshore driller, one of the world’s largest jack-up rig owners, did not say

Read More...