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International Rig Count Down 124 Units Since April 2019

May 5, 2020
| International Rig Count

Baker Hughes issued their international rig count data, here is the break down: The international rig count for April was 915, down 144 units from the count in March and down 147 from the 1062 counted in April 2019. Latin America is down 80 units to 89 from the March count of 169 units and is down 101 units year-over-year. The Asia-Pacific region is down 40 units to 191 from the March count of 231 units and

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Spotlight on New Technology Award 2020 announced by OTC

May 5, 2020
| Archives

The Offshore Technology Conference (OTC) announces the 2020 recipients of the Spotlight on New Technology® Award. Eighteen technologies from 14 companies from around the world will be awarded this year, including six companies who will be recognized for the Spotlight on Small Business Award. The Spotlight on New Technology Award recognizes companies that have created new and advanced

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Shell sells U.S. Appalachia for $541 million

May 5, 2020
| Archives

Royal Dutch Shell plc, through its affiliate SWEPI LP (“Shell”), has reached an agreement with publicly listed U.S. energy company National Fuel Gas Company (NFG), and its subsidiaries, Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, and NFG Midstream Covington, LLC (together “National Fuel”), to sell its Appalachia shale gas position for $541 million, subject

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Oilfield your next ZOOM Meeting

May 4, 2020
| Current News

We know that a lot of you are stuck at home and part of your new reality is having to attend virtual meetings via Zoom (hopefully wearing pants ?) and not getting to be at the office or on the rig.  The team here at Rig Lynx knows there are places online where you can get virtual

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Borr Drilling sells off two jack-ups

May 4, 2020
| Archives

A wholly owned subsidiary of Borr Drilling Limited has on April 30, 2020, sold two standard jack-up drilling rigs, the “Dhabi II” and the “Paragon B152”, for total cash proceeds of $15.8 million, including the associated backlog effective from April 1, 2020.  The Company will continue to operate the rigs under a services agreement which will ensure

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KCA Deutag Issues Standstill Agreement

May 4, 2020
| Archives

Following the announcement made on 26 March 2020, KCA Deutag is pleased to announce today that it has entered into a standstill agreement (the Standstill Agreement) with:  the holders of 40.8% of the aggregate principal amount of the 7.25% Senior Secured Notes due 2021 (ISIN Code: US48244LAA61 / USG5222MAA39) (the 2021 Notes); the holders of 73.1% of the aggregate principal

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Thailand’s PTTEP says two new oil discoveries offshore Mexico

May 4, 2020
| Archives

Thai energy company PTT Exploration and Production Pcl said on Monday its joint venture had made two deep-water oil discoveries in the Salina Basin, offshore Mexico. The Mexican subsidiary of PTTEP, Thailand’s largest oil and gas producer, and three partners including the Mexican subsidiary of Spain’s Repsol SA, will be assessing commercial potential of the new discovery in

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Equatorial Guinea grants two year extensions on oil & gas exploration

May 4, 2020
| Archives

Equatorial Guinea has granted oil and gas companies two-year extensions on their exploration programmes, a statement from the hydrocarbons minister said. The move is an effort to keep investments flowing into the nation’s energy industry amid a historic drop in oil demand and prices brought on by the new coronavirus. The outbreak, and lockdowns worldwide aimed at containing it,

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Halliburton follows Chevron in halting Venezuelan operations

April 24, 2020
| Archives

Oilfield services provider Halliburton Co said on Friday it would cease most of its operations in Venezuela after the U.S. Treasury Department imposed tight new regulations on oil and gas companies doing business in the South American nation. Seeking to increase pressure on socialist President Nicolas Maduro, the U.S. Treasury late on Tuesday imposed restrictions on Chevron Corp’s

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