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January was a big month for oil

February 5, 2019
| Archives

Oil closed lower but still scored its best January gain on record, after a month in which OPEC’s emergency supply cuts started to take root and panic eased about the global economy.Futures in New York dived 0.8% late Thursday, after a government report that U.S. production had swelled to an all-time high in November. Nonetheless, benchmark West

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Top 5 Posts for January

February 4, 2019
| Monthly Rundown

  For January it’s another month of contracts, which is always a good thing, we try to share as much as we can about work so people can get those much needed jobs coming on the market! Nabors CEO drops $4 mil Award for $1,500 It’s a 4 x 4 for Ensco’s 1st Fleet Status for 2019: 4 Awards and

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Weekly Rundown

February 4, 2019
| Weekly Rundown

Hey all! Welcome Back! No audio or video this week as we have been traveling and not stopped in one spot long enough to get a show recorded but we did get enough time to get in this version of the weekly rundown, we will get our shit together and be back next time hopefully with more video

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HHI and DSME line up for a potential merger in South Korea

February 4, 2019
| Archives

SEOUL: The world’s biggest shipbuilder, South Korea’s Hyundai Heavy Industries, has reached a deal to acquire a majority stake in ailing number two Daewoo from the government, Seoul said on Thursday (Jan 31). The world’s top three shipbuilders are South Korean – Samsung Heavy ranks third – but the industry has been hammered in recent years by overcapacity and

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Bassoe: 34 years of backlog added to the jackup market in January

February 4, 2019
| Archives

Nearly 34 years of jackup contract backlog has been added since the start of the year, but utilization has fallen slightly.  Most recently, ONGC announced six awards for its Cat. 1 tender (three more awards for Cat. 2 are expected shortly) and various contracts were handed out in other regions since our last report.  Dayrates have not

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Industry “Social Dumpingâ€, a must read in our opinion

February 4, 2019
| Archives

(Energy Voice) Union bosses have accused offshore accommodation provider Prosafe of perpetrating one of the most “appalling examples of social dumping†ever seen. They claimed Cyprus-headquartered Prosafe had made “loyal, competent†employees redundant and was using an agency to recruit replacements at much lower pay grades. Prosafe deputy chief executive Stig Christiansen argued the company was “doing everything right

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COSL lines up the Innovator for work in Ireland

February 2, 2019
| Archives

  In a press release yesterday from Providence Resources it states that they have come to nominate the 6th generation harsh environment semi-submersible the COSL Innovator for work in the Barryroe, North Celtic Sea Basin. Contract commencement is said to be Q3 2019 the drilling program is primarily composed of drilling and testing of four vertical wells and

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Ensco plc Announces Amendment to Transaction Agreement with Rowan Companies plc

February 2, 2019
| Archives

Ensco plc announced on Tuesday by press release that the Company has entered into an amendment to the transaction agreement with Rowan Companies plc under which the companies will combine in an all-stock transaction. The amendment has been unanimously approved by each company’s board of directors. Amended Terms Under the terms of the amended transaction agreement, Rowan

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ExxonMobil Leads the Pack of Top Explorers of 2018

February 2, 2019
| Archives

Driven by its significant investment in Guyana, ExxonMobil is leader of the pack among the top oil and gas explorers of 2018, according to Rystad Energy’s annual exploration review covered in their recent press release. “ExxonMobil was exceptional, both in terms of discovered volumes and value creation from exploration,†said Rystad Energy head of upstream research Espen Erlingsen. Erlingsen

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2019 Contest Winners!

February 1, 2019
| Archives

Our first two contests to kick of 2019 were as follows: Interested Contest 2019 Our very own Rig Lynx member Mary Viers from Houston, Texas walks away with a new, crisp 100.00 visa gift card! The rules were: Download the app Create a profile Post on your Rig Lynx newsfeed what your are interested in for 2019! Use hashtag #interested

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