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Stena Carron arrives on location in Guyana

August 11, 2020
| Archives

Westmount Energy welcomed news that a drillship had arrived at a well site on the Kaieteur Block offshore Guyana. The arrival of the Stena Carron drillship was announced by Ratio Petroleum Energy, with drilling operations expected to commence imminently. Westmount currently held an indirect interest in the Kaieteur Block as a result of its around 0.7% interest in Ratio

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OXY books $6.6 billion writedown

August 11, 2020
| Archives

Occidental Petroleum booked a total impairment of $6.6 billion for the second quarter after the collapse in energy prices reduced the value of several of its assets. The shares fell as much as 3.3% in after-market trading in New York. Almost every large oil and gas company has either taken or warned of massive writedowns after energy markets collapsed

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DataGumbo: Getting Rid of Invoice Engineering is Possible

August 11, 2020
| Business Spotlight

Whether hot and dusty, freezing cold or perched over saltwater, a constant geolocationally-agnostic task at hand is that stack of paper tickets and invoices that proliferates across the desk of the ‘company man.’ With years spent in college and various training courses to responsibly manage the safe construction of productive wells, paperwork can feel a Sisyphean side

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Kyanite scraps its bid to take control of Keppel Corp

August 10, 2020
| Archives

Kyanite Investment Holdings, a unit of Singapore state-backed investor Temasek Holdings Pte, scrapped its bid to take control of Keppel Corp. after the oil-rig builder posted a second-quarter loss. Kyanite invoked a clause allowing it to withdraw the offer after the quarterly loss failed to meet pre-conditions of the bid, it said in a statement Monday. Kyanite in

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Borr Drilling announces new CEO

August 10, 2020
| Archives

Borr Drilling Limited is pleased to announce the appointment of Patrick Schorn as its new Chief Executive Officer with effect from 8 September 2020.  Mr. Schorn will succeed Svend Anton Maier who will remain with the Company as Special Advisor to the Chief Executive Officer.  Mr Schorn has been a Director of the Company since January 2018. Paal

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Weatherford appoints new Executive Vice President and CFO

August 10, 2020
| Archives

Weatherford International plc announced today H. Keith Jennings will join the company as Executive Vice President and Chief Financial Officer, effective September 1, 2020. Mr. Jennings joins Weatherford with more than 25 years of international financial leadership with multinational enterprises, both public and private. Mr. Jennings joins us from Calumet Specialty Products Partners L.P. (Nasdaq:CLMT), where he served as an Executive Vice President and Chief Financial Officer. Karl

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International Rig Count Down 34 Units in July

August 9, 2020
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for July was 743, down 34 units from the count in June and down 419 from the 1,162 counted in July 2019. Latin America is up 3 units to 74 from the June count of 71 units and is down 127 units year-over-year. The Asia-Pacific region is down 4 units to 193 from the June count of

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Rig Lynx Weekly Rundown – Top 5 from week 32

August 9, 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 32, Aug 02 - Aug 8, we had 4k page views, and below are the top 5 Have a great week ahead! Transocean buys into Enhanced Drilling New contracts and extensions for Borr Drilling Pacific Drilling

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What is a digital twin?

August 8, 2020
| Archives

While the concept of a digital twin has been around since 2002, it’s only thanks to the Internet of Things (IoT) that it has become cost-effective to implement. And, it is so imperative to business today. Quite simply, a digital twin is a virtual model of a process, product or service. This pairing of the virtual and physical

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