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Chesapeake Energy worth $5.13 billion on bankruptcy exit

January 12, 2021
| Archives

Chesapeake Energy Corp’s value has soared since its June bankruptcy filing, the U.S. judge overseeing the natural gas producer’s trial indicated, and is worth $5.13 billion, far above the shale gas pioneer’s estimate. Creditors have offered sharply different estimates of the firm’s enterprise value during its trial in U.S. bankruptcy court in Houston. Judge David Jones’s figure was

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Saving America’s Energy Future Act

January 11, 2021
| Archives

Texas Congressman August Pfluger has introduced his first piece of legislation, called Saving America's Energy Future Act. The bill which would prohibit the Biden administration from declaring a moratorium on issuing new oil and gas permits for drilling on federal lands was introduced in an effort to protect the oil and gas industry. Congressman Pfluger expressed his concern in

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$4.3 Billion Gas Project for Senegal 2023 with Support from BP and Kosmos

January 11, 2021
| Archives

The Grand Tortue Ahmeyim gas field development, straddling the offshore waters of Mauritania and Senegal, is expected to produce its first gas in 2023 following delays related to the coronavirus pandemic, according to Senegal’s Oil Minister Sophie Gladima. The two countries and international oil companies BP Plc and Kosmos Energy Ltd. are collaborating on the $4.8 billion project

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Borr Fleet Status Update holds Contract, Extension and LOA

January 11, 2021
| Archives

Borr Drilling Limited is pleased to announce in its fleet status report today that it has entered into a new contract, an extension and received an LOA, adding USD 35.1 million over approximately 480 days to the total backlog, with good prospects for additional backlog on these units. The previously announced LOI for the Norve, which is currently warm

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Opec, Hydrogen Fuel, Ryan Detained in Beijing, Amazon in the Air and WandaVision OVERTIME EP 6

January 9, 2021
| OVERTIME

Greg and Ryan talk Oil Price, Opec+, SKorea Diesel Trains, Hydrogen Fuel, Why Ryan was Detained in Beijing, Amazon in the Air and WandaVision OVERTIME EP 6 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 our next episode! Rig

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Everyone does one way or the other!

January 8, 2021
| Memes

Yes, we all support the industry in one way or the other, you just don't know it most of the time! But with saying that, do not be wasteful, use the resources properly Join our mailing list here

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International Rig Count Drops 4 Units in December

January 8, 2021
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for December was 665, down 4 units from the count in November and down 439 units from the 1,104 counted in December 2019. Latin America is up 8 units to 109 from the November count of 101 units and is down 82 units year-over-year. The Asia-Pacific region remained unchanged at 164 for the November count

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Odfjell Tankers launches bond initiative tied to carbon cutting goals

January 8, 2021
| Archives

Norway’s Odfjell, the parent company of the chemical tanker and terminal operator, is launching a debt financing using an innovative new bond instrument linked to the company’s ability to achieve its sustainability goals reducing the carbon intensity of its tanker operations. The innovative bond structure introduced to the capital markets in 2020 is designed to appeal to

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