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

Archives

Vertex Energy to acquire Shell’s Mobile, Alabama refinery

May 27, 2021
| Archives

Royal Dutch Shell is selling its Mobile, Alabama refinery to Vertex Energy for $75 million, the company said on Wednesday. Vertex is a Texas-based specialty refiner of alternative feedstocks. Shell is shrinking its refining and chemicals portfolio as part of a broader shift by oil majors to reduce hydrocarbon emissions and shift to lower-carbon fuels. Shares of Vertex surged more

Read More...

Biden defends Conocos Arctic drilling plan originally approved by Trump

May 27, 2021
| Archives

The Justice Department is defending the Trump administration’s approval of a massive ConocoPhillips Alaska Inc. project in federal court, over the objections of environmentalists who say the government didn’t adequately consider the venture’s effect on polar bears and the climate. In a filing with the U.S. District Court for the District of Alaska, the Biden administration said Wednesday

Read More...

TNG on IEA net zero report – Entire report emphasizes ongoing role of oil and gas globally

May 24, 2021
| Archives

Last Tuesday, the International Energy Agency (IEA) released a report detailing its “net-zero pathway”. The report covered hundreds of different steps the world could begin to take today to reach net-zero emissions by 2050. Most notably, the report outlined an extreme scenario for global oil and gas producers, which included no new investment in fossil-fuel supply projects. As anti-fossil fuel

Read More...

U.S. District Court orders Dakota Access pipeline to remain open

May 22, 2021
| Archives

A U.S. federal court judge denied on Friday a request by Native American tribes to shut the Dakota Access oil pipeline after a key environmental permit was scrapped last year. The 570,000 barrel per day (bpd) pipeline out of North Dakota that travels under a Missouri River reservoir is likely to stay running at least until an environmental

Read More...

Schlumberger partners with AWS for DELFI cognitive E&P environment

May 22, 2021
| Archives

Schlumberger announced a collaboration with Amazon Web Services (AWS) to deploy domain centric digital solutions, enabled by the DELFI* cognitive E&P environment, on the cloud with AWS. This collaboration will bring AWS customers to the DELFI Petrotechnical Suite, which provides access to AI-enhanced applications from Schlumberger and high-performance computing from AWS’s secure, extensive, and reliable global infrastructure. “Our

Read More...

KBR Awarded Contract to Support Nigeria’s First FLNG Facility

May 20, 2021
| Archives

KBR, Inc. has announced it will be supporting the development of Nigeria's first ever Floating Liquefied Natural Gas (FLNG) facility, enabling economic growth and sustainability of the country's future energy supplies. The award, by UTM Offshore Limited, builds on over 40 years of KBR's continuous LNG experience and depth of FLNG capabilities. Acting as Owner's Engineers, KBR will be responsible

Read More...

Maersk Drilling sees signs of recovery on order rebound

May 20, 2021
| Archives

Offshore drilling rig contractor Maersk Drilling said on Thursday it saw some signs of market recovery as it reported that orders in the first quarter were at the highest level in more than three years. The company, which had already on Wednesday lifted its 2021 earnings guidance, said it added $730 million in new contracts in the first

Read More...