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Seadrill Partners files for bankruptcy

December 1, 2020
| Archives

Seadrill Partners LLC (the “Company”) has been in negotiations with an ad hoc group of lenders under the Company’s Term Loan B credit facility (the “TLB”) regarding a consensual reorganization of the Company’s balance sheet.  In consultation with—and with the support of—the ad hoc group, the Company has filed voluntary petitions under chapter 11 of the Bankruptcy

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Pioneer Natural Resources CEO sees oil demand recovery in 2022

December 1, 2020
| Archives

Global oil demand will likely recover to its pre-pandemic levels of 100 million barrels per day (bpd) by 2022 or early 2023, Pioneer Natural Resources Chief Executive Scott Sheffield said on Tuesday. Demand next year is likely to be around 97 million bpd, Sheffield said, speaking at the Reuters Future of Oil & Gas 2020 virtual conference. He

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Rig Lynx Announces Digital Marketing and Software Development Partnership with IAWCI

December 1, 2020
| Press Releases

Houston, Texas, December 1, 2021: IAWCI (International Association of Well Control Instructors) announced today a partnership with Rig Lynx, a specialized social network and provider of specialized marketing solutions for the oil and gas industry. IAWCITM efforts are focused on improving the Oil and Gas Industry safety and environmental track record through improved Well Control training.  Working

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Borr Drilling Prelim Results for Third Quarter of 2020

November 30, 2020
| Archives

Borr Drilling Limited unaudited results for the three and nine months ended September 30, 2020. Highlights in the Third Quarter of 2020 Total operating revenues of $59.2 million, net loss of $61.9 million and Adjusted EBITDA  of $(10.1) million for the third quarter of 2020.  The combined Adjusted EBITDA of the four separate Mexican JVs that the Company has ownership in

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Canadian indigenous deal with KXL oil pipeline took years

November 30, 2020
| Archives

TC Energy Corp’s sale of a C$1 billion ($769 million) stake in Keystone XL (KXL) to a Canadian indigenous group is the result of over three years of pressure from a tiny Saskatchewan First Nation that demanded part ownership of the long-delayed oil pipeline, rather than short-term payments for allowing it to be built through its lands. Natural

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US sanctions Chinas CNOOC

November 30, 2020
| Archives

China’s third-biggest oil company faces a U.S. blacklist, which could spur major outflows from its Hong Kong-listed unit, after years of involvement in offshore drilling in disputed South China Sea waters. China National Offshore Oil Corp., the nation’s main deepwater explorer, is among four companies to be added to a list of firms owned or controlled by the

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Rig Lynx Weekly Rundown – Top 5 From Week 48

November 30, 2020
| Weekly Rundown

Welcome back! Hope everyone in the U.S. enjoyed their Thanksgiving holidays  If you missed any of the trending articles from last week, we got them all here for you to start your week off with For week 48, Nov 22 - Nov 28, we had over 5k page views and below are the top 5 News from Valaris, Seadrill, Vantage, Maersk, and

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2020 Live Career Fair Stats

November 28, 2020
| Archives

5 recruiting companies from around the world came on our stream and shared with us the people they were looking for, which regions they were working in and what projects they were currently staffing for. 7 sponsor companies in fields such as marine engineering, virtual reality, marketing, blockchain and social media came on and chatted with us about

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Archer bags long term contract from Aker BP for offshore Norway

November 28, 2020
| Archives

Archer has secured a five-year contract from Aker BP with an additional three-year extension option for the provision of platform drilling operations and maintenance services on the Ula and Valhall installations in the Norwegian sector of the North Sea. The contract will commence January 1, 2021 in direct continuation of the current contract. Archer will deliver platform drilling, maintenance

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