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Transocean drillship gets 790 day extension | OutPut by Rig Lynx

September 30, 2018
| Archives

Transocean drillship gets 790 day extension Click To Tweet Transocean said on Friday that the contract extension was for the ultra-deepwater drillship Petrobras 10000. The company added that the contract was extended by 790 days and that the vessel would work offshore Brazil. The contract is extended through October 2021 and includes a blend and extend modification to the previous contract

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Top 5 for week 39! | OutPut by Rig Lynx

September 30, 2018
| Weekly Rundown

    OutPut’s Top 5 for week 39! Click To Tweet   The ominous conversation of $100 oil continues to weight in the background, this weeks top post covers a bit about the Brent jumping back and forth this past Monday, only time will tell, much a foot geo political driving this. We say goodbye to the Jasper Explorer this past week, a

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U.S. rig count up by 1 this week | OutPut by Rig Lynx

September 30, 2018
| Weekly Rig Count

    U.S. rig count up by 1 this week Click To Tweet   The US drilling rig count is up a single unit to 1,054 rigs working for the week ended Sept. 28, according to Baker Hughes data. The count is up 114 units from the 940 rigs working this time a year ago. The single additional rig moved the total number

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Guyana puts the brakes on oil auctions | OutPut by Rig Lynx

September 27, 2018
| Archives

“If you want to call that being on hold you can do so, but what I am saying it is basically an administrative process which is basically requiring the Department, which was only established on the 1st of August, to get a better sense … of the lay of the land, before they start to proceed to

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Bakken starting to heat up amidst Permian growth concerns | OutPut by Rig Lynx

September 27, 2018
| Archives

    Bakken starting to heat up amidst Permian growth concerns Click To Tweet   After months of being the red-headed stepchild to the Permian, the Bakken shale play is getting a resurgence. Crude oil production in North Dakota reached an all-new high for the second time this year in July, averaging 1.27 million barrels per day, according to the most recent figures available.

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78 million acres on the auction block for the GOM | OutPut by rig Lynx

September 27, 2018
| Archives

    78 million acres on the auction block for the GOM Click To Tweet   The US Bureau of Ocean Energy Management plans to offer 78 million acres in the Gulf of Mexico in a region-wide oil and gas lease sale, Deputy US Interior Sec. David Barnhart and BOEM Acting Director Walter D. Cruickshank jointly announced. The sale will include all

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Jasper Explorer scrapped for $6.3 million | OutPut by Rig Lynx

September 26, 2018
| Archives

    Jasper Explorer scrapped for $6.3 million Click To Tweet   Offshore rig broker Bassoe Offshore has informed that the Jasper Explorer drillship has been sold for scrap. Data on Bassoe Analytics website shows the Jasper Explorer was sold to GMS for $6.3 million earlier in September. The “Jasper Explorer†was built in Jan 1973 by IHC Gusto Engineering Netherlands under the name

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$100 oil back on the forecast, 1st time since 2014 | OutPut by Rig Lynx

September 26, 2018
| Archives

$100 oil back on the forecast, 1st time since 2014 Click To Tweet Major oil trading houses are predicting the return of $100-crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. With Brent crude already jumping to an almost four-year high on Monday, that’s exactly the kind of

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Maersk Drilling puts the warm stacked Viking to work in Ghana | OutPut by Rig Lynx

September 26, 2018
| Archives

    Maersk Drilling puts the warm stacked Viking to work in Ghana Click To Tweet   Aker Energy and Maersk Drilling have agreed upon a new contract that will send deepwater drillship Maersk Viking from the Gulf of Mexico to Ghana to start drilling an appraisal well during fourth-quarter 2018. Maersk Drilling has signed a contract with Aker Energy for Maersk Viking, an ultra-deepwater drillship, to drill the Pecan-4A appraisal

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Total plugs into the EV market with $1.7 billion takeover of Direct Energie and G2mobility | OutPut by Rig Lynx

September 24, 2018
| Archives

Total plugs into the EV market with $1.7 billion takeover of Direct Energie and G2mobility Click To Tweet Total has expanded its footprint in the French electricity market with the completion of its takeover of alternative power supplier Direct Energie , and the acquisition of an electric vehicle charging solutions provider. The oil and gas major said in separate statements on Thursday that it had finalized its

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