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BP halves dividend after record loss

August 4, 2020
| Archives

BP cut its dividend for the first time in a decade after a record $6.7 billion second-quarter loss, when the coronavirus crisis hammered fuel demand, and it sought to win over investors by speeding up its reinvention as a lower carbon company. Its shares rose more than 7% on Tuesday after BP unveiled earlier than expected a plan

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Most Active User Contest Week 32

August 4, 2020
| Archives

Most Active User Contest We give away $100 bucks each week! We want to see you using the app, getting active on the newsfeed, sharing the app with your friends by using the invite option, bringing new people along, get some great content on there, and have some friendly competition whether it be by video, photo or text We want

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August Newsletter

August 4, 2020
| Monthly Newsletter

Welcome back to another monthly newsletter from your friends here at Rig Lynx where our only mission is to connect people…simple. Top 5 Articles for July Rig Lynx Monthly Rundown - Top 5 for Juy Rig Lynx Monthly Rundown - Top 5 for July Market WTI is sitting at 40.35 this morning, OPEC and its allies are trying to find a way to balance

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Prosafe Q2 Financial and Operations Update

August 3, 2020
| Archives

The fleet utilization rate in the second quarter of 2020 was 6.5 per cent (Q2 2019: 71.6 per cent). Prosafe refers to the press release from 9 April 2020 regarding discussions with clients about current and upcoming contracts in light of COVID-19 and the oil price collapse. Certain discussions remain ongoing. Please see status and update per vessel

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Marathon Petroleum lays off 800 as two U.S. oil refineries close

August 3, 2020
| Archives

Marathon Petroleum plans to permanently close two small U.S. oil refineries in Martinez, California, and Gallup, New Mexico, the company said, eliminating 800 jobs in response to lower fuels demand. The largest U.S. refiner by volume had earlier idled the two facilities following weak demand due to COVID-19 outbreaks in the United States. U.S. refiners on average idled

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New contracts and extensions for Borr Drilling

August 3, 2020
| Archives

Borr Drilling Limited is pleased to announce in its fleet status report today that it has entered into a new contract and LOIs for three of its currently warm stacked rigs, adding USD 21 million to the total backlog, with good prospects for additional backlog on these units. The recent awards will bring the total number of committed

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Rig Lynx Monthly Rundown – Top 5 for July

August 3, 2020
| Monthly Rundown

For July we had over 21k article views, here we will cover the top 5! News from Valaris, Transocean, BJ Services and some cool history… We know that it is not easy at the moment but we wish all of you well wherever you are, thanks for reading with us and we wish you a great start to August! Stay safe! Relentless prepares

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Rig Lynx Weekly Rundown – Top 5 from week 31

August 3, 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 31, July 26 - Aug 1, we had 5k page views, and below are the top 5 Have a great week ahead! Pacific Drilling lands 10 well gig for the Sharav in the GOM History

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