+1(833) 396-4204 info@riglynx.com
Menu

Author: Admin

Hurricane Delta shutting down the U.S. Gulf, 6th time this year for some

October 7, 2020
| Archives

Energy companies were securing offshore production platforms and evacuating workers on Tuesday, some for the sixth time this year, as a major hurricane took aim at U.S. oil production in the Gulf of Mexico. Hurricane Delta, the 25th named storm of the 2020 Atlantic Hurricane season, was churning in the Caribbean with sustained winds of 140 miles per

Read More...

Odfjell Drilling announces LOI for the Deepsea Aberdeen

October 6, 2020
| Archives

Equinor has today awarded a letter of intent to Odfjell Drilling for the drilling and completion of the Breidablikk project with Deepsea Aberdeen. The letter of intent is subject to finalization of contract. The contract is set to commence during spring 2022 with a scope of fifteen (15) firm wells and an estimated duration of 2.5 years.  In

Read More...

Premier Oil to merge with Chrysaor

October 6, 2020
| Archives

Premier Oil said on Tuesday it has reached an all-share merger deal with oil exploration and production company Chrysaor that will result in a cash payment of $1.23 billion to creditors of the debt-saddled British firm. Premier Oil shareholders are expected to own up to 5.45% of the combined group, the company said, with Chrysaor’s largest shareholder Harbour

Read More...

Exxon to cut 1,600 jobs across Europe

October 6, 2020
| Archives

U.S. oil giant Exxon Mobil said on Monday it plans to reduce its European workforce by up to 1,600 across the company's affiliates by the end of 2021 as part of its global review. Exxon said country-specific cuts will depend on the oil major’s local business footprint and market conditions, after the COVID-19 pandemic hammered demand for its

Read More...

Is Transocean looking at Chapter 11?

October 6, 2020
| Archives

Measures taken by Transocean Ltd. to stave off a bankruptcy filing could be exactly what ends up sending the offshore drilling company into Chapter 11 alongside some of its biggest peers. The world’s largest owner of deep-water oil rigs recently engineered a bond swap to trim some of its $9 billion debt load and ease the crunch

Read More...

Rig Lynx Weekly Rundown – Top 5 from week 40

October 5, 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 40, Sep 27 - Oct 3, we had 8.5k page views and below are the top 5 Have a great week ahead! Oh, we also give away $100 bucks each week for our "Most Active

Read More...

Chevron plans to cut 25% of workforce in Nigeria

October 5, 2020
| Archives

Nigeria’s Chevron unit said it plans to cut 25% of its workforce to become more efficient and reduce operating costs, the latest sign demand for global oil is wobbling under coronavirus and new restrictions to contain it. “The aim is to have a business that is competitive and an appropriately-sized organization,” according to a company statement. “We

Read More...

Kanuni (Ex-Sertao) drillship set for joining the Fatih in the Sakarya field

October 5, 2020
| Archives

Turkey plans to deploy a second drilling ship in the Black Sea early next year following the biggest-ever natural-gas discovery there. The vessel, named Kanuni, will join another ship seeking further oil and gas fields, Energy Minister Fatih Donmez said in an interview with the state news agency Anadolu. In August, Turkey President Recep Tayyip Erdogan announced the discovery of

Read More...

Perisai Pacific 101 sold to Icon offshore for $41.8 million

October 5, 2020
| Archives

On behalf of the Board of Directors of Icon (“Board”), KAF Investment Bank Berhad (“KAF IB”) wishes to announce that Icon’s wholly-owned subsidiary, Icon Fleet, had on 2 October 2020, and entered into the following agreements and deed: memorandum of agreement with PP101 (as seller), OCBC Labuan and a branch of OCBC Singapore (acting as attorney of PP101)

Read More...