Admin, Author at Rig Lynx - Page 204 of 421

Citi cuts 2021 oil price outlook on COVID-19 concerns

November 9, 2020

Citi Research on Monday cut its 2021 oil price forecasts after a larger-than-expected rise in COVID-19 cases but said tighter supply from OPEC and its allies would still lead to a gradual uptick in prices next year. Citi cut its 2021 Brent and West Texas Intermediate crude price outlook by $5 to $54 and $49 respectively. It forecast

Rig Lynx Weekly Rundown – Top 5 from week 45

November 9, 2020

| Weekly Rundown

Welcome back! 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 45, Nov 1 - Nov 7, we had over 7.1k page views and below are the top 5 News from Noble, Pacific and Borr Have a great week ahead! Borr sells jackup Balder (ex GSF

India to be key driver of global oil demand in coming decades

November 9, 2020

| Archives

India’s fuel demand has almost recovered to pre-COVID-19 levels and the nation will experience the fastest growth in energy consumption among all large economies in the coming decades, oil minister Dharmendra Pradhan said on Monday. In October local sales of gasoline, gasoil and cooking gas in India, the world’s third biggest oil consumer and importer, rose from year-ago

International Rig Count Drops 46 More Units in October

November 7, 2020

| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for October was 656, down 46 units from the count in September and down 474 units from the 1,130 counted in October 2019. Latin America is up 3 units to 86 from the September count of 83 units and is down 103 units year-over-year. The Asia-Pacific region is up 1 unit to 170 from the September count of

North America Rig Count: U.S. up 4 and Canada unchanged

November 7, 2020

| Weekly Rig Count

Baker Hughes Rig Count: U.S. +4 to 300 rigs U.S. Rig Count is up 4 from last week to 300 with oil rigs up 5 to 226, gas rigs down 1 to 71, and miscellaneous rigs unchanged at 3. U.S. Rig Count is down 517 rigs from last year's count of 817, with oil rigs down 458, gas rigs

Greenland eyes offshore exploration targets

November 6, 2020

| Archives

Since the last exploration drillings some years back, the Government of Greenland has been working on a new oil strategy that reduces geological uncertainty and allowing first movers a very attractive investment package. Promising areas While there has been silence around exploration of oil and gas in Greenland for some years, the Oil and Gas Department under the Government of Greenland

Shell closing Convent, Louisiana, refinery

November 6, 2020

| Archives

Royal Dutch Shell said on Thursday it was closing its refinery in Convent, Louisiana, the largest such U.S. facility and first on the U.S. Gulf Coast to shut down since the coronavirus pandemic devastated worldwide demand. The shutdown will occur this month after Shell failed to find a buyer. The refinery is the ninth in North America targeted for

JDC lands 18 month contract plus 2 one year extension options for the Hakuryu 14

November 6, 2020

| Archives

Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company in Indonesia together with a local shipping company have entered into a drilling contract with PT Pertamina Hulu Mahakam for the provision of a jack-up drilling rig "HAKURYU-14". The main terms of the drilling contract are as follows: 1. Operating Area: Mahakam Block, offshore Indonesia 2. Period

Apache announces 3rd quarter results and plans for 5th Suriname well

November 5, 2020

| Archives

Apache announces 3rd quarter results and plans for 5th Suriname well and the key takeaways are below: Upstream capital investment significantly below guidance in the third quarter; reduced full-year 2020 capital outlook to $1.0 billion Increased estimated annual run-rate cost savings associated with organizational redesign to $400 million from $300 million Reported third-quarter production of 445,000 barrels of oil equivalent

Author: Admin

Citi cuts 2021 oil price outlook on COVID-19 concerns

Rig Lynx Weekly Rundown – Top 5 from week 45

India to be key driver of global oil demand in coming decades

International Rig Count Drops 46 More Units in October

North America Rig Count: U.S. up 4 and Canada unchanged

Greenland eyes offshore exploration targets

Shell closing Convent, Louisiana, refinery

JDC lands 18 month contract plus 2 one year extension options for the Hakuryu 14

Apache announces 3rd quarter results and plans for 5th Suriname well

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