Was a wild ride this past month, WTI went negative for the first time in history due to oversupply and storage capacity and the list goes on. We are still reeling from the COVID 19 pandemic and much of the world is still closed for international business. We look forward to better weeks in the coming months for the industry as well as some much needed peace in other parts of our world.
Top 5 Articles for May
Rig Lynx Monthly Rundown – Top 5 for MayMarket
Been a rough month for active rigs as COVID-19 swept through the industry hitting all areas that were operating forcing clients to early terminate, teams pulling long hitches offshore and some families dealing with COVID-19 back at home on their own with their loved ones away. Much of the world is still on lockdown, but we don’t expect the rig activity to start moving for many months. We were still recovering from 2016 and hadn’t fully reached the peak when in came COVID and an oil price war, basically the perfect storm for the industry.
We see some countries starting to loosen travel restrictions a bit, such as Singapore where you are now allowed to transit through but what we hope to see are rigs getting back to work… as the airlines start to fire back up and people start moving, so will the energy use. This will be the demand increase to get thing moving again, we don’t expect it to be the same as before but it’s hard to tell what the new normal will look like at this moment to be honest. As of writing this WTI is at XX and Brent is at XX, the active Rig Count took a beating this month… we won’t mention how many rigs went to stack or idle status this past month, but we will update everyone when Baker publishes the International Rig Count in the coming days.
Rig Lynx Community
We have had a great month!
We rolled out the new Job Foundry, we sent you all emails about this for the largest part early on. If you are a recruiter wanting to find candidates, get in there, create the jobs and start taking applicants, that’s pretty simple. There are many positives about using the Job Foundry, the largest one is that it is a dynamic process, it works for both the candidate and the recruiter and there are support tools for both users available for you to download today. Best part, it is free, make sure to go download your guides, the links are right here if you need them”
Rig Lynx is now 3,562 members strong, we added 92 new members this past month and hundreds of newsletter subscribers.
We are reaching over 350k people a month!
Most Active User Contest
We are happy to announce that our “Most Active User” contest has been a huge success. Each week we measure the most clicks from our users then we give them $100 bucks!
Our winners have been:
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Week 1- Roland Anthono / Materialsman / France
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Week 2- Anup Sharma / 1st Engineer / India
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Week 3- Suraj Chetia / Chief Mechanic / India
Rules:
1. Only individual memberships are eligible for participation
2. Rig Lynx employees, business partners or company memberships are not eligible for this contest
3. You cannot win twice, limited to one win per user
4. Card codes will be transferred after announcement of the winner on the Friday of each week
Guest Writer Open Invitation
Ready to get your content published?Over the past month we have seen a lot of change in the world and we see that there are starting to be more voices come out that want to share experiences and things that are relevant to situations either it be with family, friends or anything in the industry so we have opened the doors to anyone that wants to be part of the platform, we can reach 350k people with your material. If you want to write something, do it, there has never been a better time. There are more eyes behind the screens of PC’s than there ever has been in the history of the internet so what are you waiting for?
Business Spotlight
ASEAN SHIPCARE, taking the hard work out of preserving your assetsLaying-up ships makes good business sense during tough times. Not only does it allow ship owners and operators to avoid non-profitable journeys and over supply, it also reduces wear and tear, crew costs, fuel consumption and insurance premiums during the idle period.
The ASEAN SHIPCARE brand is owned by MEKUR TEGUH SDN BHD, a private limited company formed in September 2011. They place customer satisfaction as their highest priority and they aim to provide the highest quality layup services, STS (ship-to-ship) Operations, Shipcare and Marine Services.
ASC prepares these guidelines for customers that opt to layup their vessels – whether it be for shorter or longer periods – and to provide a clear overview of the layup methods and services available.
