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Review: Benefits of Social Media for Business

March 5, 2019
| Archives

As Rig Lynx is a small and growing community, we would like to share some of the tools and tips that we used along the way to get us to where we are now, thanks to Ryan and his team over at Hootsuite for leading the way! You can read the full article below, but we will quickly jot the bullet

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Shelf bags an extension for the Resourceful

March 5, 2019
| Archives

Shelf Drilling made public their 4th quarter results with multiple contracts and updates, most of which we have reported prior but will list below but also with an extension on the Resourceful, story below: Acquisition of two newbuild premium jack-up rigs (CJ46) for a purchase price of USD 87 million per rig and Bareboat charters of, and the

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Pacific Drilling picks up 2 extensions and 1 new contract

March 5, 2019
| Archives

Pacific Drilling issued their fleet status update today, it holds a good outlook for some of their fill in work as well as some continued success with current clients Eni in Nigeria and Chevron in the GOM. To add to the mix, Total is picking up the Santa Ana which is currently in Las Palmas undergoing acceptance testing. We

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Weekly Rig Count, U.S. -9 and Canada -1

March 1, 2019
| Weekly Rig Count

Baker Hughes, a GE company has posted Weekly Rig Count reports. Baker Hughes Rig Count: U.S. -9 to 1,038 rigs U.S. Rig Count is down 9 rigs from last week to 1,038 rigs, with oil rigs down 10 to 843 and gas rigs up 1 to 195. U.S. Rig Count is up 57 rigs from last year’s count of 981,

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Northern bags a contract for the West Bollsta

March 1, 2019
| Archives

Northern Drilling Ltd (the “Company†or “Northern Drillingâ€) is pleased to announce its harsh environment rig West Bollsta has secured a contract for a ten-well program with Lundin Norway AS (“Lundin Norwayâ€). The drilling program includes the development of the Luno II field and the Rolvsnes discovery in the Norwegian North Sea with contract commencement expected in

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Northern Drilling Market Outlook

March 1, 2019
| Archives

After a year of continual increase in oil price, dayrates and optimism, the last months of 2018 resulted a significant decline in oil price which did not alter the underlying fundamentals of the industry. The outlook for offshore drilling remains relatively unchanged and will continue on its recovery. There has been a rise in enquiries from E&P

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Diamond Offshore sees drillship rents almost doubling next year

March 1, 2019
| Archives

(Bloomberg) — Diamond Offshore Drilling Inc. said it’s nearly doubling rental rates for deepwater drillships as oil explorers return to sea. The increase involves long-term rig leases beginning in 2020 and beyond, CEO Marc Edwards said Wednesday in an interview on Bloomberg TV. The proliferation of onshore shale drilling in the past decade shattered the deepwater drilling industry

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Seadrill CEO: “The offshore drilling market continues to show signs of improvementâ€

February 26, 2019
| Archives

Seadrill just released their 4th quarter earnings results with strong message from their CEO: Highlights Revenue of $292 million Operating loss of $69 million Adjusted EBITDA of $73 million 96% economic utilizationReported net loss of $360 million and net loss per share of $3.62Total cash of $2 billion Seadrill Limited order backlog of approximately $2 billionAdded $89 million in backlog since our last

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Photo Share: Orlan Platform

February 25, 2019
| Archives

Name: Orlan Platform Location: Offshore Sakhalin Island, Russia Company: ExxonMobil Orlan is the first production platform installed a the Chayvo field on the Sakhalin shelf, approximately 11 kilometers off the east coast of Sakhalin Island. The Orlan platform is a gravity base structure (GBS) set in around 14 metres of water. The platform consists of three basic components:

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