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Gas may be the new “Gold†for Australia | OutPut by Rig Lynx

September 10, 2018
| Archives

  Australia is home to abundant gas assets and has become one of the world’s major exporters of gas in the past three decades, with 17 significant production locations for natural gas and oil, and enough natural gas reserves to power our nation for hundreds of years. According to Australian-gas.com, gas is estimated to represent 23% of world energy supplies

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375 Oil and Gas projects worldwide kicking off between 2018-2025 | OutPut by Rig Lynx

September 10, 2018
| Archives

GlobalData’s latest report, “Q2 2018 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Global Offshore Industry – Brazil Leads in Planned Projects Count†indicates that 375 planned and announced offshore crude and natural gas projects are expected to commence operations in 52 countries during the period 2018–2025. Among these, 152 represent the number

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Oil and Gas top 5 for Week 36 | OutPut by Rig Lynx

September 9, 2018
| Weekly Rundown

    Here is your OutPut top Oil and Gas news for week 36! Click To Tweet   As the first week of September opens up and we start heading out of summer, we have our first week wrap up, here are your top posts for week 36. We felt it fitting to use a picture of the Transocean 4th generation semi-submersible, she

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TechnipFMC, Subsea 7 SA and Schlumberger among companies that EG gov say “aren’t complying†| OutPut by Rig Lynx

September 8, 2018
| Archives

  Equatorial Guinea may exclude oil-service companies TechnipFMC Plc, Subsea 7 SA and Schlumberger Ltd. from the country because they aren’t complying with local-content rules over training and jobs, said a government official. Major oil companies could be asked by the end of September to cancel their contracts Click To Tweet Major oil companies could be asked by the end of

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US rig count holds rock solid | OutPut by Rig Lynx

September 8, 2018
| Weekly Rig Count

  The US drilling rig count remained unchanged at 1,048 units working for the week Click To Tweet   The US drilling rig count remained unchanged at 1,048 units working for the week ended Sept. 7, according to Baker Hughes data. The count is up 104 units from this time a year ago when it stood at 944. Offshore units increased by a

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Cheap oil in the future, is a thing of the past | OutPut by Rig Lynx

September 7, 2018
| Archives

Oil prices will be much higher over the next few years than previously thought, according to a new report from Barclays. The investment bank significantly raised its pricing forecast for 2020 and 2025 in its annual medium-term oil report. Barclays expects Brent to average $75 per barrel in 2020, up from a previous estimate of $55, while prices may average

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Companies with strong balance sheets heading back to the west coast of Africa | OutPut by Rig Lynx

September 7, 2018
| Archives

Africa is entering the oil-hunt spotlight as drillers, flush with cash after crude’s recovery, are turning their attention back to the continent’s potentially vast resources. The world’s biggest companies from Exxon Mobil to Royal Dutch Shell and BP are setting up camp across Africa. Armed with stronger balance sheets and higher crude prices the industry is on track

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