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

Author: Admin

15 Rescued from the Ram XVIII near Grand Isle

November 18, 2018
| Archives

The Coast Guard and good Samaritan vessels have helped rescue 15 people from a lift boat near Grand Isle today. The Coast Guard was called at about 3:16 a.m. Sunday from a lift boat, Ram XVIII, which was taking on water about 23 nautical miles west of Southwest Pass. There were 15 souls on board. Sector watchstanders issued an

Read More...

OutPut’s Weekly Top 5

November 18, 2018
| Weekly Rundown

This week at the top of the list is a piece on some of the geo political issues as well as the volatile, knee jerk reactions causing the sharp drop in oil prices this past week, just behind this is Stena going into a conflict zone to kick off drilling in Cypress, in the number three spot

Read More...

Frustration sets in with Canada’s Energy Sector

November 16, 2018
| Archives

  Bloomberg: The Canadian oil patch is losing patience with the country’s lack of support for the industry. The plunge in global crude prices is being exacerbated in Canada by a lack of pipeline capacity, sending the country’s oil prices to a near record discount to the U.S. and energy stocks reeling. Gas producers can’t even catch a break:

Read More...

U.S. rig count is up again this week!

November 16, 2018
| Weekly Rig Count

  Baker Hughes: The US drilling rig count is up 1 unit to 1,082 rigs working for the week ended Nov. 16, according to Baker Hughes data. The count is up 167 units from the 915 rigs working this time a year ago. At 1,058 rigs working, an additional unit was drilling on land week-over-week. Offshore units also were

Read More...

Why Are Oil Prices Dropping Sharply?

November 15, 2018
| Archives

Forbes: Oil prices jumped in September and early October of this year (2018), but have dropped $20 a barrel in the last few weeks. The sharp turnaround is attributed to OPEC’s inability to cut supply, but this is old-fashioned thinking. OPEC’s power is a small fraction of what it was in the 1970s. What’s happening now is

Read More...

Oil majors spending ‘sweet spot’ to last to 2020: BlackRock

November 14, 2018
| Archives

  LONDON (Reuters) – Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise after 2020 to boost output, BlackRock, the world’s largest asset manager, said on Tuesday. Oil and gas giants such as Royal Dutch Shell (RDSa.AS), Chevron (CVX.N) and BP (BP.L) are

Read More...

Ocean Rig Poseidon Kicks Off Contract With ENI In Angola

November 14, 2018
| Archives

Ocean Rig Poseidon commenced its contract with ENI Angola S.p.A. (“ENIâ€) for drilling offshore Angola. This contract has been entered into following the previously announced LOI. ENI has exercised its two optional wells making it a firm four-well program that is expected to be completed in the second quarter of 2019. Information in Earnings Statement Here Previously we reported

Read More...

More Permian Pipelines Are Coming. Will There Be Enough Workers?

November 14, 2018
| Archives

Bloomberg: Ryan Byrd worked five years in oilfields from China to West Texas. But after the worst price rout in a generation left him jobless, he’s not ready to jump back into the mix. Now working at a jail in Huntsville, Texas, the 33-year-old Byrd is happy to have a job that won’t disappear under him. His advice

Read More...