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Shelf Drilling scores work in Italy and Nigeria | OutPut by Rig Lynx

October 8, 2018
| Archives

    “Shelf Drilling scores work in Italy and Nigeria†Click To Tweet   Italy The Italian oil company has hired the Key Singapore jack-up rig and has extended the contract for the Key Manhattan rig. The contract for the Key Singapore jack-up rig is for two years and is expected to start between May and July 2019. Eni will have an option to extend

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Shell grants Awilco 3 more options for the WilPhoenix | OutPut by Rig Lynx

October 7, 2018
| Archives

“Shell grants Awilco 3 more options for the WilPhoenix†Click To Tweet The original contract was signed back in May (Awilco Bags 18 Well Contract With Shell) for a decommissioning program of 18 firm wells plus options totaling a further eight wells. This was later extended for one well. The London-listed driller on Thursday evening said that the new amendment

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International rig count down by 4 in September | OutPut by Rig Lynx

October 7, 2018
| International Rig Count

    “International rig count down by 4 in September†Click To Tweet   The international rig count for September was 1,004, down 4 from the 1,008 counted in August 2018, and up 73 from the 931 counted a year ago, according to Baker Hughes data. The international offshore rig count for September was 204, down 8 units from the 212 counted in August, and up

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OutPut’s Weekly Top 5!

October 7, 2018
| Weekly Rundown

“OutPut’s Week Top 5!†Click To Tweet This week we saw Transocean kicking the wood out of the shed with a 790 day extension for the PB10K, Borr is back in our weekly wrap up with the activation of 4 jackups without contracts, the Rowan Norway gets a contract, Trinidad and Precision come to the table on a buyout

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Record Low on Canada Crude | OutPut by Rig Lynx

October 6, 2018
| Archives

“Record Low on Canada Crude†Click To Tweet Canadian crude plunged to a record low relative to U.S. crude, hurt by reduced capacity at American refineries and a jump in production from new oil-sands megaprojects that has overwhelmed the nation’s pipeline system. Maintenance work at U.S. refineries over the next six months will lead to stretches when those facilities are

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U.S. rig count down by 2 this week | OutPut by Rig Lynx

October 6, 2018
| Weekly Rig Count

    “U.S. rig count down by 2 this week†Click To Tweet   The US drilling rig count is down 2 units to 1,052 rigs working for the week ended Oct. 5, according to Baker Hughes data. The count is up 116 units from the 936 rigs working this time a year ago. Rigs drilling on land fell 3 units to 1,026

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Trinidad accepts $1 Billion offer from Precision, turns away Ensign | OutPut by Rig Lynx

October 6, 2018
| Archives

    “Trinidad accepts $1 Billion offer from Precision, turns away Ensign†Click To Tweet   Canada’s largest contract drilling firm is transferring to solidify its place with a $540-million all-share merger provide for the nation’s third-largest driller. However the true attraction for Precision Drilling Ltd. is Trinidad Drilling Ltd.’s “super-spec†American rig fleet because the Canadian drilling trade stays in a deep

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Pressure is on for big oil to spend | OutPut by Rig Lynx

October 5, 2018
| Archives

“Pressure is on for big oil to spend†Click To Tweet Executives at the world’s biggest oil and gas companies are under growing pressure to loosen the purse strings to replenish reserves, halt output declines and take advantage of a crude price rally after years of austerity.With oil at a four-year high of $85 a barrel, exploration departments are

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Canada brings indigenous tribes back to the table for pipeline talks | OutPut by Rig Lynx

October 5, 2018
| Archives

    “Canada brings indigenous tribes back to the table for pipeline talks†Click To Tweet   Canada’s resources minister said Wednesday Ottawa was relaunching consultations with indigenous groups on the Trans Mountain pipeline to the Pacific after a court ruled the tribes get a say in the multi-billion dollar project. “We believe that we can and must move forward with engaging in

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