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

Author: Admin

4 Big Factors with US Oil and Gas | OutPut by Rig Lynx

May 15, 2018
| Archives

Brought to you from OutPut by Rig Lynx –Here are four big factors influencing the domestic oil and gas industry as the week begins: The rig count continues to escalate steadily.  The DrillingInfo daily rig count sits at 1105 as of May 13, up 25 from two weeks before.  This is not surprising at all – crude oil prices remain strong, making

Read More...

Country Reserves Depleting? | OutPut by Rig Lynx

May 15, 2018
| Archives

Brought to you from OutPut by Rig Lynx –The Australian government has ordered a review of fuel security after experts warned the country only has weeks of petrol, diesel and aviation fuel supplies left in its reserves. The country’s energy minister, Josh Frydenberg, said it was the “prudent and proper thing to do†but should not be interpreted as Australia

Read More...

Rig Count Tick Up for 6th Straight Week | OutPut by Rig Lynx

May 14, 2018
| Weekly Rig Count

  Brought to you from OutPut by Rig Lynx – May 11 (Reuters) – U.S. energy companies added oil rigs for a sixth week in a row as crude prices continue to soar to multi-year highs after new sanctions on Iran are anticipated to take some supply out of the market, further supporting U.S. drilling and pushing production to record highs. Drillers

Read More...

Geologist Slams Permian Growth but Keeps Company Stock? | OutPut by Rig Lynx

May 14, 2018
| Archives

  Brought to you from OutPut by Rig Lynx – Geologist Arthur Berman, who has been skeptical about the shale boom, warned on Thursday that the Permian’s best years are gone and that the most productive U.S. shale play has just seven years of proven oil reserves left. “The best years are behind us,†Bloomberg quoted Berman as saying at the Texas

Read More...

$32 Million to Remove the Word Oil From Company Name? | OutPut by Rig Lynx

May 14, 2018
| Archives

Brought to you from OutPut by Rig Lynx – Norway’s biggest petroleum company, will change its name to Equinor as it seeks to broaden its energy reach beyond oil and gas production. “The world is changing, and so is Statoil,†said Chairman Jon Erik Reinhardsen in a statement. “The biggest transition our modern-day energy systems have ever seen is

Read More...

600,000 BPD Pipeline Plan for the Permian | OutPut by Rig Lynx

May 12, 2018
| Archives

Brought to you from OutPut by Rig Lynx – Energy Transfer Partners plans to build a 600,000-bpd oil pipeline from the Permian to the Houston Ship Channel and Nederland, Texas, as midstream operators race to add takeaway capacity in the fastest-growing U.S. shale play. The planned ETP pipeline could be “easily expandable†to 1 million bpd, company executives said on the conference call

Read More...

Venezuela and Conoco, Troubled Love Story | OutPut by Rig Lynx

May 12, 2018
| Archives

Brought to you from OutPut by Rig Lynx – While the oil market is understandably on edge about the potential supply outages in Iran, there are real outages going on in Venezuela, losses that could grow significantly worse in the near future. ConocoPhillips’ decision to go after some assets owned by PDVSA could spell deeper trouble for the oil company and for

Read More...

Red Dog Drilling Sold To Matrrix Energy | OutPut by Rig Lynx

May 11, 2018
| Archives

* TO ACQUIRE OIL AND GAS DRILLING ASSETS FROM RED DOG DRILLING INC. * PURSUANT TO AGREEMENT, MATRRIX WILL ACQUIRE PURCHASED ASSETS FOR A PURCHASE PRICE OF $5.7 MILLION * MATRRIX ENERGY TECHNOLOGIES- DEAL TO BE PAID WITH ISSUANCE OF 1.6 MILLION COMMON SHARES OF CO AT $0.45 PER COMMON SHARE AND $5 MILLION IN CASH * MATRRIX ENERGY TECHNOLOGIES-

Read More...

Best Time To Drill Is Now! | OutPut by Rig Lynx

May 11, 2018
| Archives

Brought to you from Output by Rig Lynx – Energy intelligence group Westwood feels that now is the best time to explore for oil and gas in the last decade. In an article written as an introduction to its State of Exploration report, Westwood said renewed optimism was the theme for exploration in 2018, driven by higher oil prices and improving

Read More...

Maersk Drilling Sale in 2018? | OutPut by Rig Lynx

May 11, 2018
| Archives

  Brought to you from Output by Rig Lynx –  Danish shipping giant Maersk Group might not sell its drilling division Maersk Drilling in 2018, as previously planned. According to a Reuters report on Wednesday, the Danish company which has so far offloaded Maersk Oil and Maersk Tankers might wait some more with the divestment of its offshore drilling business. There have been talks of a potential

Read More...