+1(833) 396-4204 info@riglynx.com
Menu

Author: Admin

Iran tanker was hit with missiles twice within a 30-minute interval

October 11, 2019
| Archives

Iran said missiles struck one of its tankers in the Red Sea, the latest in a series of attacks on oil infrastructure in the region that have roiled energy markets. The Islamic Republic’s tanker company initially said the attacks probably came from Saudi Arabia, but later withdrew the claim. The incident, which caused a spill and a jump

Read More...

Bankrupt drilling contractor Oro Negro auctions off jackups

October 10, 2019
| Archives

Nordic Trustee, the creditors of bankrupt Mexican drilling contractor, Oro Negro, have put the company’s five jackups (Laurus , Decus, Impetus, Primus, and Fortius – KFELS B Class and PPL 400 rigs from 2012-2014) up for auction after recently moving the rigs to the Bahamas. The Existing Bondholders are asked to authorize the Bond Trustee to have the

Read More...

Shelf Drilling grabs three more years for the Trident II

October 10, 2019
| Archives

Shelf Drilling announced today that it has received an award for a three-year contract for the Trident II jack-up rig with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India. The planned start-up of operations is Q1 2020. Shelf also announced that it has secured a three-year contract extension on the High

Read More...

Halliburton cuts 650 personnel in the Rockies

October 10, 2019
| Archives

Halliburton is reducing its workforce in the Rockies as the biggest oilfield service contractor to announce job cuts grapples with a protracted spending slump in the shale patch. The cuts affect 650 workers across Colorado, Wyoming, New Mexico and North Dakota, Emily Mir, a spokeswoman, said Wednesday in a prepared statement. Most were offered the option to relocate

Read More...

Keppel settles with Sete Brasil over $4.9bn in rig newbuild contracts

October 8, 2019
| Archives

Nearly five years after payments stopped being made by Sete Brasil to Keppel Offshore & Marine for six semi-submersible rig newbuildings a resolution has been reached which will see the Singapore shipyard owning four of the uncompleted rigs, and two by Magni Partners. Keppel said its subsidiaries Keppel FELS and Fernvale had entered into a settlement agreement with

Read More...

Northern pulls the plug on the West Cobalt

October 8, 2019
| Archives

  West Cobalt Inc., the 100% owned subsidiary of Northern Drilling Ltd (the “Company†or “NODLâ€), has today notified Daewoo Shipbuilding & Marine Engineering Co. Ltd (“DSMEâ€) that it has cancelled the resale contract for the 7th generation ultra deepwater drillship West Cobalt due to various reasons including repudiatory breach of contract by DSME. West Cobalt Inc. has made advance

Read More...

Popular News – Top 5 from this past week!

October 8, 2019
| Weekly Rundown

We had 3.6k page views this past week and the top 5 grabbed up 2.2k of them, below are our top 5 articles for the week of Sep 30 – Oct 6! #1 with 617 views Valaris announces new contracts, $245mil in backlog addition #2 with 598 views Valaris lines up the Gorilla VI for 18 months with Neptune #3 with

Read More...

$1bn Secured by Tullow for New Ventures from U.S. Investment Group

October 4, 2019
| Archives

Former Tullow Oil senior executives Aidan Heavey and Tom Hickey have secured $1 billion (€920 million) in backing from US investment giant Carlyle for a new oil and gas venture in West Africa called Boru Energy. The company will target “primarily non-operated interests†in energy assets in the region, taking advantage of a major divestment drive by big energy companies looking to shift away from fossil fuels. Mr Heavey, who

Read More...