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Sonatrach and ENI ink MOU for North Africa

December 10, 2020
| Archives

Algeria’s Sonatrach and Italian oil major Eni on Thursday signed a memorandum of understanding to boost their exploration and production partnership in the key Berkine basin, the North African country’s state-owned firm said. Algeria, an OPEC member and a major gas supplier to Europe, last year approved a new energy law aimed at improving its investment climate after

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KFELS issues cancellation notice on second Awilco newbuild

December 9, 2020
| Archives

Awilco Drilling PLC (the Company) announces that its wholly owned subsidiary Awilco Rig 2 Pte. Ltd. (AR2) has today received a notice from Keppel FELS purporting to terminate the Vessel Construction Contract of the semi-submersible drilling rig Nordic Spring (“Notice”). Keppel FELS has also served AR2 with a notice of arbitration. This follows a letter from AR2 to

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Maersk lands additional work for the Integrator

December 9, 2020
| Archives

Maersk Drilling has been awarded a one-well contract from OMV (Norge) AS for the low-emission jack-up rig Maersk Integrator. In direct continuation of its previously announced work scope, the rig will drill one exploration well in the Ommadawn prospect in PL 970 offshore Norway. The contract is expected to commence in mid-2021, with an estimated duration of

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Oxy bags onshore exploration concession from ADNOC

December 9, 2020
| Archives

United Arab Emirates’ Abu Dhabi National Oil Co (ADNOC) said on Wednesday it had awarded an onshore exploration concession to Occidental Petroleum Corp. Occidental will hold a 100% stake during the exploration phase, investing up to 514 million dirhams ($140 million), including a participation fee, for oil and gas, it said in a statement. Occidental will have the right

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Whitecap Resources picks up TORC Oil and Gas for $430 million

December 9, 2020
| Archives

Canadian oil producer Whitecap Resources Inc said on Tuesday it has agreed to buy rival TORC Oil & Gas Ltd in an all-stock deal valued at about C$552 million ($430.81 million). The collapse in fuel demand due to coronavirus-related lockdowns has hammered energy companies in Canada, the fourth-largest global oil producer, triggering a wave of consolidation and cost-cuts

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Pandemic related oilfield job loss in service sector tops 91k in the United States

December 9, 2020
| Archives

The U.S. oilfield services sector lost 91,680 jobs due to pandemic-related oil demand destruction, according to a monthly a report compiled and published by trade group Petroleum Equipment & Services Association (PESA) on Tuesday. Demand for drilling services sank after oil prices collapsed earlier this year, pushing several oilfield services firms to file for bankruptcy, incur heavy losses

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Rig Lynx Weekly Rundown – Top 5 from week 49

December 9, 2020
| Weekly Rundown

Welcome to our first weekly rundown for December... 2020 is almost over! If you missed any of the trending articles from last week, we got them all here for you For week 49, Nov 29 - Dec 6, we had over 7k page views and below are the top 5 News from Seadrill, CNOOC, Borr, Exxon, Total and Schlumberger Have a great week

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Digital Field Ticketing Solutions with Cleargistix

December 4, 2020
| Talk The Tech

Welcome to Talk The Tech, a live series each week from Rig Lynx where we highlight new technology being used in industries around the world. Episode 1 – Steven Toups President of Cleargistix shows us how their product destroys paper Watch this episode for a Live Demo! About Cleargistix Located in Mandeville, Louisiana, Cleargistix is a software company and they

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Chevron Announces $14 Billion Capital and Exploratory Budget for 2021

December 4, 2020
| Archives

Chevron Corporation today announced a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance to $14 to $16 billion annually through 2025. This capital outlook will continue to prioritize investments that are expected to grow long-term value and deliver higher returns and lower carbon, including over $300 million in 2021 for

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