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Oil jumped to levels not seen since Covid-19

May 18, 2020
| Archives

Oil jumped to levels not seen since Covid-19 lockdowns paralyzed the world’s largest economy as Chinese demand returned and signs of a viable vaccine sparked optimism. Futures in New York climbed as much as 13.2% Monday. Chinese oil use is at 13 million barrels a day, just shy of the levels of a year earlier, traders and executives

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Total walks away from deal with Oxy assets in Ghana and Algeria

May 18, 2020
| Archives

Total SA abandoned a plan to acquire assets from Occidental Petroleum in Ghana, walking away after a proposal to buy Algerian projects from the U.S. company also collapsed. The breakdown of both sales is a setback for Occidental, which had earmarked the proceeds to help reduce debt after buying Anadarko Petroleum for $37 billion last year. After the

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Rig Lynx Weekly Rundown – Top 5 from week 20

May 18, 2020
| Weekly Rundown

This past week we had 8k page views and the top 5 grabbed up 3.2k of them, below are our top 5 articles for the week of May 10 – May 16! Everyone stay safe and healthy out there! #1 with 891 views Transocean's 712 headed for scrap, DDII could be as well  #2 with 872 views Seadrill's West Capella departs South China Sea after

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Rig Lynx Weekly Rundown – Top 5 from this past week

May 18, 2020
| Weekly Rundown

This past week we had 11k page views and the top 5 grabbed up 4.5k of them, below are our top 5 articles for the week of May 3 – May 9! Everyone stay safe and healthy out there! #1 with 2,113 views EOG Resources to shut existing wells and cut budget even deeper #2 with 933 views $100 oil in 18 months? #3 with

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Shelf Drilling Fleet Status Update Highlights

May 15, 2020
| Archives

Shelf Drilling issued it's recent fleet update status and here are the highlights: Trident 16 secured one-year extension with Belayim Petroleum Company (“Petrobel”) in Egypt. Trident II commenced its three-year contract with ONGC in March 2020. Shelf Drilling Tenacious received early termination notice from Dubai Petroleum; contract end date updated to September 2020. Shelf Drilling Mentor received early termination notice from

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Vallourec Brazil extends contract with oil major Equinor until 2024

May 15, 2020
| Archives

Vallourec Brasil managed to extend its contract with Equinor until March 2024, in addition to expanding the scope of the agreement with the Norwegian oil company. With the new arrangement, the company will supply new products in the line of seamless steel pipes and OCTG fittings used in operations in Brazil. In addition, Vallourec will also provide specialized

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Reduce Errors in your Business Process

May 15, 2020
| Archives

In an Ideal business world, there would be no errors.  But, no matter how much we try mistakes will happen.  We can however learn from our mistakes.  The trick is to have an internal system set-up so we do not do it again. 1. See what you have been doing and eliminate the steps that are the

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