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

Author: Admin

Parker Drilling Files for Chapter 11 Bankruptcy

December 15, 2018
| Archives

HOUSTON — Parker Drilling Company (NYSE: PKD) today announced that it and its material U.S. subsidiaries (collectively, “Parker†or the “Companyâ€) have entered into a restructuring support agreement (“RSAâ€) with holders (the “Consenting Stakeholdersâ€) of the Company’s securities, including a significant amount of its 7.50% Senior Notes due 2020 and 6.75% Senior Notes due 2022 (collectively, the “Notesâ€), outstanding

Read More...

Two Blocks in Novia Scotia’s Sable Subbasin are Open for Bids

December 15, 2018
| Archives

(Halifax, Nova Scotia) – The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) has issued Call for Bids NS18-3, which includes two industry-nominated parcels. Bids must be received by May 8, 2019 before 4:00 p.m. Atlantic Time. Successful bidder(s) may be awarded Exploration Licences (ELs), subject to the federal and provincial Ministerial review and approval process set out in legislation. The

Read More...

This Weeks Rig Count

December 14, 2018
| Weekly Rig Count

Baker Hughes, a GE company has posted Weekly Rig Count reports. Baker Hughes Rig Count: U.S. -4 to 1,071 rigs U.S. Rig Count is down 4 rigs from last week to 1,071, with oil rigs down 4 to873 and gas rigs unchanged at 198. U.S. Rig Count is up 141 rigs from last year’s count of 930, with oil rigs

Read More...

Pacific Drilling Announces Relisting on NYSE

December 14, 2018
| Archives

LUXEMBOURG–(BUSINESS WIRE)– Pacific Drilling S.A. (OTC: PACDD) (the “Companyâ€) today announced that it has received approval to relist its common shares on the New York Stock Exchange (“NYSEâ€) under the ticker symbol “PACD.†The Company expects that its common shares will commence trading on the NYSE at the market open on December 18, 2018. Press Release Here Photo is

Read More...

Shell, Eni face $1.1-billion Nigerian lawsuit over 2011 oil deal

December 14, 2018
| Archives

The government of Nigeria is suing Royal Dutch Shell Plc, Eni SpA and other companies for more than $1 billion over a 2011 oil deal it says was tainted by corruption. The suit, filed Wednesday in London, alleges that money the companies paid to acquire an oil exploration license in the Gulf of Guinea was diverted to bribes and

Read More...

Noble Drilling’s fleet status update full of goodies

December 14, 2018
| Archives

Noble Drilling or www.noblecorp.com issued it’s fleet status report here and there are some surprising updates: Sam Croft, a 2014 model GustoMSC P10000 drillship: 1Q2019 to 2Q2019, with operatos W&T Offshore, US GOM and mid-2019, operator not disclosed, South America Tom Prosser, a 2014 model F&G JU-3000N jackup: March/April 2019 to October 2019, with operator Santos. November

Read More...

ADES lands a 7 year contract with extensions for the Admarine 657

December 13, 2018
| Archives

(London & Dubai, 13 December 2018) ADES International Holding Ltd. (“ADES†or the “Groupâ€), a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has successfully renewed an existing contract for Admarine 657 (an ultra-shallow offshore rig previously acquired in June 2018). The renewal for

Read More...

Norway’s PSA tell Drillers to beef up evacuation equipment after breach in regulation noticed

December 13, 2018
| Archives

OSLO (Reuters) – Norway’s Petroleum Safety Authority (PSA) has told Transocean, Maersk Drilling and Odfjell Drilling to beef up emergency evacuation equipment and procedures on offshore oil rigs, it said on Wednesday. Drilling rigs are equipped with enclosed lifeboats that can be dropped into the ocean in an emergency and owners must meet a series of technical and

Read More...

Total gains exploration acreage in Mauritania

December 13, 2018
| Archives

Total and the Ministry of Petroleum, Energy and Mines of Mauritania have signed an agreement awarding Total two new exploration and production contracts for Blocks C15 and C31deep offshore Mauritania,covering an area of 14,175 square kilometers. According to the terms of the contracts, Total will be the operator of these two blocks with a 90% interest alongside the

Read More...

Citi Forecasts Oil Goes Nowhere in 2019

December 12, 2018
| Archives

Citi believes international oil prices will average $60 a barrel in 2019, remaining near current levels as OPEC-led production cuts encourage U.S. drillers to put more oil on the market. OPEC, Russia and other producers agreed on Friday to remove 1.2 million barrels per day from the market beginning in January. The move follows a more than 30-percent

Read More...