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Deep Gulf Energy handing over GOM assets to Kosmos for $1.2 Billion | OutPut by Rig Lynx

August 7, 2018

Kosmos Energy Ltd., Dallas, has agreed to acquire Gulf of Mexico operatorÂ Deep Gulf EnergyÂ (DGE), Houston, from First Reserve and other shareholders for $1.225 billion comprised of $925 million in cash and $300 million in common shares. The acquisition, which includes Deep Gulf Energy LP, Deep Gulf Energy II LLC, and Deep Gulf Energy III LLC, adds to â€œan

Drilling Systems helping Stena get crews back in the swing of things with OTR | OutPut by Rig Lynx

August 7, 2018

| Archives

Seeking to make rig reactivations faster, smoother and safer for new and experienced crews alike, one offshore drilling contractor reported Monday that it is taking the unprecedented step of using simulators. â€œThe approach of conducting realistic, rig-specific simulated exercise and tailored coaching to fill competency gaps is the first of its kind for the oil and gas industry,â€

LNG powered rigs, trying to ease the choke point in Permian | OutPut by Rig Lynx

August 6, 2018

| Archives

Itâ€™s called micro LNG, and the concept is simple. By super-cooling natural gas, they can pack three times more of it into a truck, which may help the Permian basin deal with its growing gas excess. Liquefied natural gas is largely shipped in huge ocean-going tankers. Trucking it lets explorers power drilling operations with a fuel thatâ€™s abundant,

Rig count down 4 to 1,044 in the US | OutPut by Rig Lynx

August 6, 2018

| Weekly Rig Count

The US drilling rig count reached 1,044 units working for the week ended Aug. 3, down 4 rigs from a week ago, according to Baker Hughes data. The count is up 90 units from this time a year ago when the count stood at 954. Offshore units were up 1 rig from last week with 17 rigs working.

Have a Great Sunday!- Oil and Gas top 5 for week 31 | OutPut by Rig Lynx

August 5, 2018

| Weekly Rundown

1 History: In 2001 BP finds torpedoed U-Boat from 1942 (960 Views) July 30, 1942 â€“ U-Boat sunk in Gulf of Mexico, not identifiedÂ until 2001 TheÂ U-166Â was attacked and sunk by a Navy patrol boat just hours after the submarine had torpedoed and sunk a U.S. freighter.Â Despite being depth charged, the U-boat was believed to have escaped â€“ until a natural gas

Noble puts 3 to sleep and prepares for work in Guyana | OutPut by Rig Lynx

August 5, 2018

| Archives

Noble said on Thursday that, during the second quarter of 2018, the company conducted a review of its fleet. The review included an assessment of certain assumptions, including future marketability of each unit in light of its current technical specifications. Following this review, the company recognized partial impairments on the drillshipÂ Noble Bully IÂ and semi-submersibleÂ Noble Paul Romano, while the

Job flock hit Odessa and Halliburton for hot Permian jobs | OutPut by Rig Lynx

August 4, 2018

| Archives

ODESSA, TEXAS- Job fairs are stocked with people hungry for better opportunities, but inside the MCM Grande Hotel in Odessa, Texas, oil services giant Halliburton is the one doing the wooing. â€œWe need to hire you is our message,â€Â said Chris Redman, a field services manager with Summit ESP, which Halliburton acquired last year. More than 500 men and

You can thank petroleum for that toothbrush, it used to be hog hair | OutPut by Rig Lynx

August 3, 2018

| Archives

August 2, 1938 â€“ Petroleum Product replaces Hog Bristles Weco Products Company of Chicago, Illinois, promotedÂ its â€œDr. Westâ€™s Miracle-Tuftâ€ â€“ the earliest toothbrush to use synthetic nylon developed by DuPont chemists justÂ threeÂ years earlier. Americans would soon be brushing their teeth with nylon bristle toothbrushes instead of hog bristles, declared theÂ New York Times. â€œUntil now, all good toothbrushes were made

Chevron will get the boot by Indonesia in 2021, reinforcing state owned resource development | OutPut by Rig Lynx

August 3, 2018

| Archives

JAKARTA, Indonesiaâ€”This countryâ€™s election season is spelling trouble for foreign resource companies, withÂ ChevronÂ Corp.Â the latest to lose prized assets to a state company. Indonesia is in the midst of a politically popular drive toÂ gain greater stakes in its natural resources, often by declining to grant extensions to foreign companies that have operated projects for decades. Thatâ€™s in line with

In Canada its heavy out and light in with some cutbacks | OutPut by Rig Lynx

August 3, 2018

| Archives

Canadian heavy oil is the weakest in almost five years, leading Canadaâ€™s largest producer to focus on drilling for lighter crude. Western Canadian Selectâ€™s discount to benchmark West Texas Intermediate widened $1.30 to $30.80/bbl Thursday, the biggest gap since December 2013, data compiled by Bloomberg show. Prices have tumbled amid constraints on pipeline and rail capacity out of

Author: Admin

Deep Gulf Energy handing over GOM assets to Kosmos for $1.2 Billion | OutPut by Rig Lynx

Drilling Systems helping Stena get crews back in the swing of things with OTR | OutPut by Rig Lynx

LNG powered rigs, trying to ease the choke point in Permian | OutPut by Rig Lynx

Rig count down 4 to 1,044 in the US | OutPut by Rig Lynx

Have a Great Sunday!- Oil and Gas top 5 for week 31 | OutPut by Rig Lynx

Noble puts 3 to sleep and prepares for work in Guyana | OutPut by Rig Lynx

Job flock hit Odessa and Halliburton for hot Permian jobs | OutPut by Rig Lynx

You can thank petroleum for that toothbrush, it used to be hog hair | OutPut by Rig Lynx

Chevron will get the boot by Indonesia in 2021, reinforcing state owned resource development | OutPut by Rig Lynx

In Canada its heavy out and light in with some cutbacks | OutPut by Rig Lynx

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