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Author: Admin

OOS secures 15 month contract for the Tiger 1 drillship with Pemex | OutPut by Rig Lynx

September 4, 2018
| Archives

OOS Energy an offshore service provider from the Netherlands, part of the OOS Group, is extremely proud to announce that it has secured its first contract in Mexico. Cor Selen (CEO & co-founder of OOS Energy) says: ‘This award is an enormous step forward for our company, OOS Energy will provide the OOS Tiger 1 drillship including vessel

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Clock is ticking on sulfur content reduction in marine fuel | OutPut by Rig Lynx

September 3, 2018
| Archives

The world is ticking down to a deadline that promises to have major ramifications in the global fuel markets. On January 1, 2020, the International Maritime Organization (IMO) will require the sulfur content in marine fuel to drop from a maximum of 3.5 percent down to 0.5 percent. The rule is meant to curb pollution from ships. Combustion of

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SBM comes to an agreement of $48 million with Brazilian prosecutors | OutPut by Rig Lynx

September 3, 2018
| Archives

Dutch FPSO provider SBM Offshore has reached a deal with the Brazilian prosecutor under which the prosecutor will refrain from initiating new legal proceedings against the company related to legacy bribery issues in Brazil. Following a leniency agreement in July with Brazilian Authorities CGU (Ministério da Transparência e Controladoria-Geral da União) and AGU (Advocacia Geral da União) and Petrobras that

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Vantage’s Topaz Driller takes on 2nd Etinde appraisal well | OutPut by Rig Lynx

September 3, 2018
| Archives

Oil and gas company New Age has spud the IE-4 appraisal well at the Etinde block offshore Cameroon. The Etinde block is operated by New Age with a 37.5% working interest. Bowleven and Lukoil are partners with a 25% and 37.5% working interest, respectively. Bowleven announced the spud of the IE-4 well, the second of two appraisal wells to be drilled in

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Poseidon lines up for Tullow in Namibia | OutPut by Rig Lynx

September 3, 2018
| Archives

Ocean Rig-owned drillship Poseidon has reached the drilling site of Cormorant-1 well located in PEL 37 license offshore Namibia, which is operated by Tullow Oil. The participants in Cormorant-1 well are Tullow Namibia Limited (operator) with a 35% interest; Pancontinental Namibia with a 30%; ONGC Videsh with a 30%; and Paragon Oil & Gas with the remaining 5%

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Oil and gas top 5 for week 35 | OutPut by Rig Lynx

September 2, 2018
| Weekly Rundown

As August comes to an end so does week 35, here are your top posts for this past week, some good ones in there with Borr leading the pack as they have often done before here with OutPut and the birth of fracking. We see Borr as a significant player in the shallow water sector going into

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Top 5 for August | OutPut by Rig Lynx

September 2, 2018
| Monthly Rundown

We have had a great month here with OutPut but as always we like to share what our readers were more interested in during the month, so as every other month we will kick this one off with the oldest producing well in the world… #1 (14,260 Views) Oldest Producing Oil Well in the World August 16, 1861 – Oldest

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There must be some kind of way out of here | OutPut by Rig Lynx

September 2, 2018
| Archives

“There must be some kind of way out of here, said the Joker to the Thief†December 1967- Bob Dylan but….made famous by Jimi Hendrix There are two reasons why I am writing on this today, great song by the way! (1) Social Networking Sites and your Choice of Channels Human natures pushes us to re-invent things that we have, make

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Rig count up by 2 this week | OutPut by Rig Lynx

September 1, 2018
| Weekly Rig Count

U.S. energy companies added oil rigs for the first time in three weeks, Baker Hughes, a GE company, said in its weekly report. Drillers added two oil rigs in the week to Aug. 31, bringing the total count to 862, according to the report. The oil rig count rose by one in August after gaining three rigs in July

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Got a new idea on recycling frac water? Its an emerging $22 Billion dollar industry | OutPut by Rig Lynx

August 31, 2018
| Archives

In the dry, dusty plains of West Texas, home to America’s most prolific oil play, the problem isn’t too little water, it’s too much of it. Just ask Will Hickey, the 31-year-old chief executive officer of Colgate Energy. Standing on a 26-foot high rig platform in Texas’s Reeves County, Hickey watches as contractors maneuver drilling pipe almost 10,000 feet

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