Admin, Author at Rig Lynx - Page 208 of 421

59 floaters are prime candidates for scrapping says Rystad

October 27, 2020

The new downturn that the Covid-19 pandemic has brought upon the oil and gas industry has put many sectors in financial distress. Restructuring in the already-stretched offshore drilling market will accelerate, a Rystad Energy analysis shows, and the global floater fleet, whose utilization has been suffering since the previous downturn, can expect a new round of scrapping

India may see up to $206 billion in oil and gas investments over the next 10 years

October 27, 2020

| Archives

The country's oil and natural gas sector is likely to see investment to the tune of $206 billion during the next eight to ten years. With Prime Minister Narendra Modi addressing the top global executives at the India Energy Forum by CERA Week on Monday, it is expected he would further entice companies to promote a core self-reliant India.

Rig Lynx Weekly Rundown – Top 5 from week 43

October 26, 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 43, Oct 18 - Oct 24, we had over 9k page views and below are the top 5 News from Maersk, Pacific, Northern and Transocean Have a great week ahead! Angola publishes local content law

Petrobras and Seadrill start drilling in block C-M-411 at a water depth of 2,953 meters

October 25, 2020

| Archives

News in exploratory activity in the Campos Basin. Petrobras started drilling the first well in block C-M-411 this week. The operation is being carried out with the West Tellus drillship, in a water depth of 2,953 meters. The pioneer well was named after the technical name 1-BRSA-1377-RJS. As a reminder, block CM-411 was purchased by Petrobras during the

Diamond’s Ocean Courage goes to work for Petrobras

October 25, 2020

| Archives

Petrobras and Diamond signed a charter contract for the semi-submersible Ocean Courage. Equipped with MPD, the rig will operate exclusively in production sharing partnership projects, running campaigns in the Dois Irmãos, Entorno de Sapinhoá and Três Marias areas, located in the Campos and Santos basins. Source: Brazil Energy Insights The Ocean Courage is a 6th generation dynamically positioned semi built

Archer announces two-year contract extension for drilling services in the UK North Sea

October 25, 2020

| Archives

Archer has secured a two-year contract extension with a major North Sea operator for the provision of platform drilling operations and maintenance services on seven UK North Sea installations. The extension will commence November 1, 2020 in direct continuation of the current contract. Over the next two years Archer will continue to deliver drilling operations, maintenance and intervention

Cenovus Energy to buy Husky Energy valued at C$23.6 billion

October 25, 2020

| Archives

Cenovus Energy Inc will buy Husky Energy Inc in an all-stock transaction valued at C$23.6 billion, the companies said in a statement on Sunday. Husky shareholders will receive 0.7845 of a Cenovus share plus 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share, according to the statement. Source: Reuters

Office Meeting – Death Wish

October 25, 2020

| For Fun

Charles was late for the meeting but the OIM and Senior Toolpusher had to talk about his behavior Enjoy the video!

Transocean announces Asgard layoffs in GOM

October 24, 2020

| Archives

Transocean has announced that it will layoff up to 100 people on the Deepwater Asgard as reported to the Texas Workforce Commission as the rig contract comes to a close. The Deepwater Asgard is a 6th generation deepwater drillship that was built in 2014 and under contract with Beacon Offshore according to the fleet status report published on

North America Rig Count: U.S. up 5 and Canada up 3

October 23, 2020

| Weekly Rig Count

Baker Hughes Rig Count: U.S. +5 to 287 rigs U.S. Rig Count is up 5 from last week to 287 with oil rigs up 6 to 211, gas rigs down 1 to 73, and miscellaneous rigs unchanged at 3. U.S. Rig Count is down 543 rigs from last year's count of 830, with oil rigs down 485, gas rigs

Author: Admin

59 floaters are prime candidates for scrapping says Rystad

India may see up to $206 billion in oil and gas investments over the next 10 years

Rig Lynx Weekly Rundown – Top 5 from week 43

Petrobras and Seadrill start drilling in block C-M-411 at a water depth of 2,953 meters

Diamond’s Ocean Courage goes to work for Petrobras

Archer announces two-year contract extension for drilling services in the UK North Sea

Cenovus Energy to buy Husky Energy valued at C$23.6 billion

Office Meeting – Death Wish

Transocean announces Asgard layoffs in GOM

North America Rig Count: U.S. up 5 and Canada up 3

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