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BSEE reports on GOM evacuation progress

August 25, 2020
| Archives

Bureau of Safety and Environmental Enforcement (BSEE) Hurricane Response Team continues to monitor Tropical Storm Marco in the Gulf of Mexico and Tropical Storm Laura as it makes its way into the Gulf of Mexico. The Hurricane Response Team is monitoring offshore oil and gas operators in the Gulf as they evacuate platforms and rigs in response

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Guyana re-launches search for company to market government’s crude

August 25, 2020
| Archives

Guyana has re-launched a search for a company to market the government’s share of the crude produced at the offshore Liza project, operated by Exxon Mobil Corp , according to a notice published in the South American country’s newspapers. President Irfaan Ali’s government scrapped a previous, similar process initiated by Ali’s predecessor shortly after taking office in August.

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NYSE to delist Valaris stock following Chapter 11 Filing

August 25, 2020
| Archives

Valaris plc announced today that on August 19, 2020 it was notified by the New York Stock Exchange (“NYSE”) of its determination to indefinitely suspend trading of the Company’s common stock and to commence proceedings to delist the Company’s common stock from the NYSE. This suspension and delisting by the NYSE is in accordance with Section 802.01D

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Hurricane Laura poses biggest threat to U.S. oil in 15 years

August 25, 2020
| Archives

The U.S. energy industry began preparing for a major hurricane strike by Tuesday, cutting crude production at a rate approaching the level of 2005’s Hurricane Katrina and halting oil refining at plants along the Texas/Louisiana coast. The storm will rapidly gain strength and become a major hurricane with sustained, 115 mile per hour (185 kph) winds when it

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Seadrill says debt talks may leave owners with nothing

August 25, 2020
| Archives

Offshore drilling rig contractor Seadrill’s ongoing attempt to restructure its massive debt could leave current shareholders with minimal or no ownership at all, the Oslo-listed company said on Tuesday. Demand for exploration and drilling has fallen further during the COVID-19 pandemic as oil firms seek to preserve cash, idling more rigs and leading to additional overcapacity among companies

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Barron Petroleum makes massive find in Permian

August 24, 2020
| Archives

Thanks to a partnership with a geoscientist in the Permian Basin, a family-owned oil company is celebrating its largest discovery yet: a 13,000-acre field in Val Verde County holding an estimated 417 billion cubic feet, or 74.2 million barrels, in oil and gas reserves. Barron Petroleum, based in Graham, announced the discovery on Monday after working with scientist

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Rig Lynx Weekly Rundown – Top 5 from week 34

August 24, 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 34, Aug 16 - Aug 22, we had 4k page views, and below are the top 5 Have a great week ahead! Diamond puts the Onyx to work for Beach, 6 firm wells Total Angola

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