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Author: Admin

Cairn Energy threatens to enforce arbitration award against Indian assets overseas

January 25, 2021
| Archives

Cairn Energy has begun to take steps to identify Indian assets overseas against which it can enforce the $1.2 billion award it won last month in a treaty arbitration case against the South Asian nation, according to a letter seen by Reuters. Cairn was awarded damages of over $1.2 billion plus interest and costs in a long drawn-out

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SpaceX Plans to Drill for Natural Gas Next to Texas Launchpad

January 25, 2021
| Archives

Elon Musk recently moved to Texas, where he launches some of his rockets and is building a battery factory. Now, for good measure, he plans to drill for natural gas in the state. The billionaire’s SpaceX intends to drill wells close to the company’s Boca Chica launchpad, it was revealed during a Friday hearing before the Railroad Commission

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Rig Lynx Weekly Rundown – Valaris 8500 and 8501 will be converted by SpaceX

January 25, 2021
| Weekly Rundown

Valaris 8500 and 8501 will be converted by SpaceX Elon Musk’s SpaceX bought two deepwater rigs last year and is converting them into floating launchpads, to support the enormous Starship rockets that the company is developing. Valaris 8500 and 8501 will be converted by SpaceX Canada gives approval for three offshore drilling projects Canada’s Minister of Environment and Climate Change, Jonathan Wilkinson, announced

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South Sudan, Licensing 2021, Bp and Sonangol, Maersk, Total and Apache in Suriname WEST AFRICA WEEKLY EP 3

January 25, 2021
| West Africa Weekly

Greg and Arvy talk Oil Prices, South Sudan, Licensing Rounds 2021, Bp and Sonangol Angola, Maersk, Total and Apache in Suriname SUBSCRIBE TO THE PODCAST: https://www.spreaker.com/show/west-africa-weekly LISTEN ON: ITUNES: https://podcasts.apple.com/us/podcast/west-africa-weekly/id1547856250 SPOTIFY: https://open.spotify.com/show/6PLPUWNRFumBHcJzUIQSps YouTube: https://www.youtube.com/c/RigLynx ADD US ON: LINKEDIN: https://www.linkedin.com/company/rig-lynx ADD US ON: INSTAGRAM: https://www.instagram.com/riglynx/ Tune in each Thursday at 8:00 am CST on Facebook, LinkedIn, YouTube and Periscope for our next episode! Rig Lynx LLC nor Arvy Nahar

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KXL Pipeline, Biden Suspends Permitting, SpaceX, Electric Frac, Mets GM did not Last 37 Days OVERTIME EP 8

January 25, 2021
| OVERTIME

Greg and Ryan talk KXL Pipeline, Biden Suspends Federal Permitting, SpaceX Converts Old Rigs, Electric Frac, US Rejoin WHO, Saints and Drew Brees, New Mets GM Didn’t Last 37 Days SUBSCRIBE TO THE PODCAST: https://www.spreaker.com/show/overtime_16 LISTEN ON: ITUNES: https://podcasts.apple.com/us/podcast/overtime/id1543586841 SPOTIFY: https://open.spotify.com/show/011NdEFDU9kjroD2C6WJZR?si=p6H58eTDR-6FwiH7uB5KaA YouTube: https://www.youtube.com/c/RigLynx ADD US ON: LINKEDIN: https://www.linkedin.com/company/rig-lynx ADD US ON: INSTAGRAM: https://www.instagram.com/riglynx/ Tune in each Thursday at 10:00 am CST on Facebook, LinkedIn, YouTube and Periscope for

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Recon Africa Kavango Basin seismic update

January 22, 2021
| Archives

Reconnaissance Energy Africa Ltd. (ReconAfrica) announced that it has commenced the permitting process for the acquisition of 450 kilometers of 2D seismic data in the deep Kavango Basin in the Kalahari Desert of North East Namibia. To execute the program, the company has contracted Polaris Natural Resources Inc. As a result of a competitive bidding process, ReconAfrica has

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Subsea 7 awarded contract offshore Angola

January 22, 2021
| Archives

Subsea 7 today announced the award of a substantial(1) contract by Cabinda Gulf Oil Company Limited (CABGOC). The contract is for the Sanha Lean Gas Connection (SLGC) project comprising the construction and installation of the Lean Gas Platform (LGP) system in Block-0 offshore Angola, at a water depth of approximately 70 meters. Project management and engineering will be performed

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Schlumberger sees oil demand back to pre-covid levels by 2023

January 22, 2021
| Archives

Spending by the global oil industry outside the U.S. is poised to rebound later this year, according to its largest hired hands, the latest sign of growing confidence in the outlook for crude prices. Schlumberger, the largest oil services company, posted better-than-expected earnings Friday and forecast an increase in overseas spending by customers in the next quarter. Earlier

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North America Rig Count: U.S. adds 5 and Canada adds 11

January 22, 2021
| Weekly Rig Count

Baker Hughes Rig Count: U.S. +5 to 378 rigs U.S. Rig Count is up 5 from last week to 378 with oil rigs up 2 to 289, gas rigs up 3 to 88, and miscellaneous rigs unchanged at 1. U.S. Rig Count is down 416 rigs from last year's count of 794, with oil rigs down 387, gas rigs

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Biden administration suspends federal oil and gas permitting

January 21, 2021
| Archives

The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo. The move appears to be a first step in delivering on newly sworn-in President Joe Biden’s campaign promise to ban all new federal

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