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Canada’s Tourmaline Oil buys out two rivals for $586 million +

November 5, 2020
| Archives

Canadian oil and gas producer Tourmaline Oil Corp said on Wednesday it has acquired Jupiter Resources Ltd in an all-stock deal valued at approximately C$626 million ($476.63 million), inclusive of debt. Tourmaline also said it bought Modern Resources Inc for C$144 million in a cash and stock deal on Nov. 2 and hopes the two deals will lift

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Noble Fleet Status Update Highlights

November 5, 2020
| Archives

Noble Drilling issued their fleet status update, below are the highlights: United Kingdom Noble Hans Deul – Contract award for an estimated 440 days with Independent Oil and Gas from March 2021 to May 2022 Guyana Noble Tom Madden – 6.5-year extension with Esso from Mid-February 2024 to Mid-August 2030 Qatar Noble Mick O’Brien – Contract extended to Mid-August 2021 Saudi Arabia Noble

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Maersk awarded three well gig for the Resilient

November 5, 2020
| Archives

Maersk Drilling has secured a contract from Petrogas E&P Netherlands B.V. for the harsh environment jack-up rig Maersk Resilient to drill three wells at the B13 and A12 fields in the Dutch sector of the North Sea. The contract is expected to commence in November 2020 and has an estimated duration of 110 days. The firm contract

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7th Annual Ghana Oil and Gas Awards

November 5, 2020
| Archives

Rig Lynx will be in attendance at the 7th Annual Ghana Oil and Gas Awards this weekend in Accra at the beautiful Kempinski Hotel. For more information on the event please visit their website Please contact Humu Bawa Ghamsah if you are planning on attending, she can share with you some of the work we are doing for the

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Pacific announces NYSE trading suspension and notice of delisting

November 4, 2020
| Archives

Pacific Drilling S.A. (NYSE: PACD) announced today that it has received notice from the New York Stock Exchange (“NYSE”), that as a result of the filing of its voluntary petition for reorganization (the “Plan of Reorganization”) under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division,

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Shell buys into 50% interest in Transkei & Algoa blocks offshore South Africa

November 4, 2020
| Archives

Impact Oil & Gas announced that its wholly owned subsidiary, Impact Africa has entered into an agreement with BG International, a wholly owned subsidiary, of Royal Dutch Shell for the farm-out of a 50% working interest and operatorship in the Transkei & Algoa exploration right, offshore South Africa (Exploration Right reference 12/3/252). Under the terms of the farm-out

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Total looking to sell stakes in Angola

November 4, 2020
| Archives

Total is seeking to sell stakes in a number of Angolan oilfields, in what is seen as an early sign of an expected wave of divestments by big energy companies from the West African country, industry sources said. Total could raise around $300 million from the sale of its 20% stake in Angola’s offshore Block 14, which includes

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BP selling London St. James HQ for $324 million +

November 4, 2020
| Archives

British oil major BP is close to selling its central London headquarters for about 250 million pounds [around $324.4 million] as the coronavirus pandemic has forced the company to cut costs, the Financial Times reported on Tuesday. The office, located at St James’ Square, which houses about 500 employees is under offer to Lifestyle International Holdings, a Hong

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Rig Lynx Monthly Rundown – Top 5 for October

November 4, 2020
| Monthly Rundown

For October we had over 38k article views, here we will cover the top 5! News from Transocean, Seadrill, Valaris, Turkey and Angola Nationalization We know that it's not that easy at the moment but we wish all of you well wherever you are, thanks for reading with us and we wish you a great start to November! Stay safe! Is

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Transocean reports on Q3 highlights

November 3, 2020
| Archives

Transocean Ltd. today reported a net income attributable to controlling interest of $359 million, $0.51 per diluted share, for the three months ended September 30, 2020. Total contract drilling revenues were $773 million (total adjusted contract drilling revenues of $830 million), compared with $930 million in the second quarter of 2020 (total adjusted contract drilling revenues of $983 million); Revenue efficiency was 96.6%, compared with 97.2% in the prior quarter; Operating

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