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MHWirth receives suspension notice from KFELS

December 14, 2020
| Archives

MHWirth AS (“MHWirth”), a company owned by Akastor ASA, has received a notice from Keppel FELS to suspend works under the drilling equipment package project for the second mid water semisubmersible drilling rig under construction at Keppel FELS. The project relates to the main construction contract between Keppel FELS and Awilco Drilling, which was recently terminated by

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Rig Lynx Weekly Rundown – Top 5 for week 50

December 14, 2020
| Weekly Rundown

If you missed any of the trending articles from last week, we got them all here for you For week 50, Dec 6 - Dec 12, we had over 4k page views and below are the top 5 News from KFELS, Exxon, Petronas and Maersk Have a great week ahead! KFELS issues cancellation notice on second Awilco newbuild Exxon Mobil to cut 700

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Exxon Mobil to cut 700 jobs in Houston

December 13, 2020
| Archives

Exxon Mobil Corp will lay off more than 700 workers in the Houston area, according to a notice it sent to the Texas Workforce Commission posted on Friday. The largest U.S. oil producer had previously said it would cut its global workforce by about 15%, or around 14,000 jobs, including deep cuts in the United States. Exxon and other

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Brazilian prosecutors sue Maersk, seek to freeze $200 million

December 13, 2020
| Archives

Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former executives representing the firm for alleged corruption involving shipping contracts with state-run oil firm Petrobras, they said on Friday. The lawsuit requests that a judge freeze almost 1 billion reais ($198 million) in assets in order to make sure funds are available to

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International Rig Count Picks Up 13 Units in November

December 11, 2020
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for November was 669, up 13 units from the count in October and down 427 units from the 1,096 counted in November 2019. Latin America is up 15 units to 101 from the October count of 86 units and is down 95 units year-over-year. The Asia-Pacific region is down 6 units to 164 from the

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Oil, Market, Politics, DoorDash IPO, Jets Suck and Where is the intern? OVERTIME Ep 2

December 11, 2020
| OVERTIME

Greg and Ryan talk oil prices, market sentiment, job loss, Facebook Antitrust, Amazon versus Wal-Mart Christmas Bonus, DoorDash and AirBNB IPO's, Chinese spies in Cali, Mayor Pete, Westbrook and Harden, Jets suck and the newest Olympic game that is lined up for the 2024 Paris games. 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

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Petronas makes its first discovery offshore Suriname

December 11, 2020
| Archives

PETRONAS through its subsidiary, PETRONAS Suriname E&P B.V. (PSEPBV) today announced that it made its first discovery of hydrocarbon in Suriname with the successful drilling of the Sloanea-1 exploration well located in Block 52.  PSEPBV is the operator of Block 52 and holds 50 per cent participating interest, together with ExxonMobil Exploration and Production Suriname B.V. who holds

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Maersk names new CFO

December 10, 2020
| Archives

Today, The Drilling Company of 1972 A/S (“Maersk Drilling”) announces that the Board of Directors has appointed Christine Morris as the new Chief Financial Officer (“CFO”) and member of the Executive Management with effect from 5 January 2021. The appointment follows the decision by Jesper Ridder Olsen, announced on 31 July 2020 (link), to pursue another opportunity

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