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Oil Exploration Activity Will Pick Up in 2019

November 28, 2018
| Archives

RIGZONE Nov 28 (Houston, Texas)- There will be a pick up in oil exploration activity next year, compared to 2018, according to a new report from Fitch Solutions Macro Research. “On an annual average basis, revenues will be boosted by higher oil prices, while still compressed services costs will flatter margins and bolster cash flows. This will give

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Pemex Triples Estimate for Biggest Onshore Find in 25 Years

November 28, 2018
| Archives

MEXICO CITY (Bloomberg) — Pemex has more than tripled its estimated reserves in its Ixachi field. The company now believes the onshore field in Veracruz contains 1.3 Bboe in proven, probable and possible, or “3P,†reserves, Petroleos Mexicanos exploration chief Jose Antonio Escalera said Tuesday at a press conference in Mexico City. Pemex expects the field to reach 80,000

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Ensign slams the door shut on Precision’s bid for Trinidad, comes out on top

November 28, 2018
| Archives

  CALGARY, Nov. 27, 2018 /CNW/ – Ensign Energy Services Inc. (TSX:ESI) (“Ensignâ€) announced today that the conditions to its offer for Trinidad Shares at $1.68 per share (the “Offerâ€) have been satisfied or waived and it has taken up the Trinidad Shares deposited to the Offer as of 10:00 a.m. on November 27, 2018. Approximately 56.38 per cent of the common shares (“Trinidad Sharesâ€) of Trinidad Drilling

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BP’s Mad Dog gets a companion with Argos, ex-Mad Dog 2

November 27, 2018
| Archives

  HOUSTON — BP announced today that the new floating production unit for the Mad Dog 2 project in the deepwater Gulf of Mexico will be named Argos. BP’s Argos Logo Courtesy of BP The name, chosen by the project team and an employee survey, is a reference to Odysseus’ loyal dog from “The Odyssey,†and a nod to the Mad

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Seadrill grabs work with Petronas for the West Capella

November 27, 2018
| Archives

London, United Kingdom, November 27, 2018 – Seadrill Partners LLC (“SDLP†or “the Companyâ€) has secured a one well contract with two options with PETRONAS Carigali Sdn Bhd., for the West Capella in Malaysia. Backlog for the firm portion of the contract is expected to be approximately $11 million and commencement is expected in Q3 2019. Currently the rig is

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CAODC drilling forecast, flat year over year

November 27, 2018
| Archives

Projected 2019 wells drilled: 6,962—an increase of 51 from 2018 (6,911*)Projected 2019 operating days: 69,617—an increase of 507 from 2018 (69,110*)Rig fleet expected to decrease by 58 (580 drilling rigs to 522 drilling rigs)Pricing differentials and pipeline delays will continue to curtail capital expenditures Despite a recovery in the price of oil, and LNG Canada’s positive announcement early

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History- 1930, Oil Boom Helps Hilton Expand in Texas

November 26, 2018
| Archives

November 20, 1930 – Oil Booms help Hilton expand in Texas Conrad Hilton visited Cisco, Texas, intending to buy a bank. When the deal fell through, he went from the train station across the street to a two-story red brick building called the Mobley Hotel. He noticed roughnecks from the Ranger oilfield waiting in line for a room. Visit the

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JDC bags 4 well deal from Premier Oil in Indonesia

November 26, 2018
| Archives

Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company “P.T. Japan Drilling Indonesia†together with a shipping company in Indonesia has entered into a drilling contract with Premier Oil Natuna Sea B.V. for the provision of a jack-up drilling rig “HAKURYU-11â€. The main terms of the drilling contract are as follows: 1. Operating Area ：Offshore

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Maersk Drilling gets four-month extension for Maersk Intrepid

November 26, 2018
| Archives

Equinor has exercised two options of two months each for jack-up rig Maersk Intrepid. As a result, the rig is now contracted to Equinor until the end of February 2020. Two options of two months each remain undeclared on the contract. In the four-month extension period, Maersk Intrepid is expected to be utilised for accommodation activities at the

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OutPut’s Weekly Top 5

November 26, 2018
| Weekly Rundown

This week at the top of the list is a forecast across the next year or so on hopefully what will be the opening of some of the Permian’s choke points as well as a few other things, now more than ever it will be a people issue, that’s our opinion anyway. Just behind that we have

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