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Total meets with Libya’s NOC on rehab operations for Mabruk Oilfield

December 4, 2020
| Archives

Executives of Libya’s National Oil Corp (NOC) and French firm Total met in on Dec 1 to discuss current preparations to rehabilitate the Mabruk Oil Field which was damaged during a 2015 attack. The rehabilitation is to be fast-tracked and both owners are supporting the operator to reinstate the field and resume production. Also discussed was long-term,

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Uganda gives approval for $3.5 billion pipeline co-owned by Total and CNOOC

December 4, 2020
| Archives

Uganda has granted environmental approval for a $3.5 billion pipeline to export crude oil from western fields to the Indian Ocean coast in Tanzania, despite pressure from lobby groups. The planned pipeline, from fields co-owned by France’s Total and China’s CNOOC, would cross sensitive ecological systems including wildlife-rich areas, rivers and swampland that are catchments for Lake Victoria. International

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Denmark to end exploration in the North Sea by 2050

December 4, 2020
| Archives

Denmark’s government on Thursday agreed with a majority in parliament to put an end to all oil and gas exploration and extraction in the North Sea by 2050 as well as cancel its latest licensing round. The future of Denmark’s oil and gas operations in the North Sea has been a political issue after the Nordic country agreed

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Did Jake Paul really knock out Nate Robinson?

December 3, 2020
| OVERTIME

Greg and Ryan talk oil prices, market sentiment, KXL pipeline and we share our thoughts on the Tyson Jones fight, Sarah Fuller kicking out for Vandy and that crazy F1 crash! Oh right, and did Jake Paul really knock out Nate Robinson?? 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:

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Petrobras speculates on Guyana entry

December 3, 2020
| Archives

Brazil’s Petrobras could expand its operations into neighboring Guyana, if the regulatory environment does not improve in Brazil, CEO Roberto Castello Branco said on Thursday, the first official admission of interest in the hot frontier oil play. Petroleo Brasileiro SA, as the company is formally known, has exploration interests off Brazil’s northern coast. There is speculation among geologists

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OPEC+ says 500k barrel a day increase in January

December 3, 2020
| Archives

OPEC+ agreed to ease its oil-output cuts next year more gradually than previously planned, giving a fragile market more time to absorb the extra supply. A gradual tapering falls short of what had been widely expected before this week: a full three-month delay to the scheduled January output increase. Yet the compromise deal also avoids a breakdown

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Newfoundland commits funds to support West White Rose project

December 3, 2020
| Archives

Husky Energy will receive $41.5 million in federal money to maintain jobs and move toward restarting its West White Rose offshore oil project in Newfoundland and Labrador, although officials admit a restart is not certain. Newfoundland and Labrador Premier Andrew Furey made the funding announcement Thursday at Husky's offices in downtown St. John's. Furey said the investment ensures

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Rig Lynx is 3 Years Old

December 2, 2020
| Archives

In August of 2017 I picked up the mobile phone, opened up LinkedIn and started scrolling through the newsfeed. We were still in the middle of one the worst downturns we had been through in my 26 years, of course this was pre-covid, little did we know. As I scrolled through the newsfeed, I saw multiple job posts

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