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Stena grabs one well gig with CNOOC off Newfoundland

October 20, 2020
| Archives

Stena Drilling are pleased to announce that a contract has been signed with CNOOC International Petroleum North America ULC, utilising Mobile Offshore Drilling Unit (MODU) Stena Forth. The drilling program shall be a one (1) well campaign lasting approximately 90 days offshore Newfoundland and Labrador in the Flemish Pass. Stena Forth shall mobilize to Canada with an estimated commencement between April and June 2021. The region is classified as harsh

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Northern’s Energy Enticer commences drilling operations

October 19, 2020
| Archives

Northern Offshore is pleased to announce the commencement of drilling operations with Qatargas for the GustoMSC CJ50 jack-up unit, “Energy Enticer”. The Energy Enticer had a safe and successful mobilization to Qatar Petroleum’s North Field in early September 2020 despite recent global industry challenges. The Energy Enticer is the first of three drilling units to commence long-term

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Halliburton posts $17 million third quarter loss

October 19, 2020
| Archives

Halliburton Company announced today a net loss of $17 million, or $0.02 per diluted share, for the third quarter of 2020. This compares to a net loss for the second quarter of 2020 of $1.7 billion, or $1.91 per diluted share. Adjusted net income for the third quarter of 2020, excluding severance and other charges, was $100

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SLB suffers biggest post-earnings selloff in 13 years

October 19, 2020
| Archives

Shares of Schlumberger Ltd. tumbled Friday, enough for the oil services company’s third-quarter results to be the most disappointing for investors in 13 years. Before the open, the company SLB, -8.83% reported a net loss that narrowed to $82 million, or 6 cents a share, from a loss of $11.38 billion, or $8.22 a share, in the year-ago period. Excluding nonrecurring

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Rig Lynx Weekly Rundown – Top 5 from week 42

October 19, 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 42, Oct 11 - Oct 17, we had over 8k page views and below are the top 5 News from Transocean. KCA and Seadrill Have a great week ahead! Reliance exercises 180-day option on the

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GOM Lease Sale boasts 78million acres up for grabs

October 16, 2020
| Archives

In keeping with the Trump Administration’s goal of strengthening America’s energy independence, the Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank and Gulf of Mexico Regional Director Mike Celata today announced that BOEM will offer approximately 78 million acres for a region-wide lease sale scheduled for November 18, 2020. The sale will include all available

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Philippines lifts 6 year moratorium on oil and gas exploration

October 16, 2020
| Archives

The Philippines energy secretary said on Friday the government’s decision to lift a six-year-old moratorium on oil and gas exploration in the South China Sea was a unilateral move, as China said it hoped the nations could work together on projects. Alfonso Cusi also told a media briefing the move will not affect a memorandum of understanding between

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