+1(833) 396-4204 info@riglynx.com
Menu

Author: Admin

July saw 8.1 Million tons of crude leave Brazil | OutPut by Rig Lynx

August 2, 2018
| Archives

Crude oil exports from Brazil hit an all-time high in July, at 8.1 million tons, which was a 50-percent increase on the year and a threefold improvement on the month, Reuters reports, citing government data. The reason for the increase was not detailed, but in June, Reuters notes, Petrobras used more crude for its refineries in order to increase

Read More...

Houston’s Lime Rock shells out $230 million for ConocoPhillips Barnett Shale play | OutPut by Rig Lynx

August 2, 2018
| Archives

ConocoPhillips said Thursday it is selling its stake in East Texas’ Barnett shale for $230 million to Houston-based Lime Rock Resources. The sale is part of Houston-based ConocoPhillips’ effort to reduce its ownership of assets that aren’t considered corporate priorities. Lime Rock is a private oil and gas investment firm focused primarily on onshore U.S. deals. Thus far in

Read More...

Rowan brings in 6 new contracts with Aramco, total of 18 years of backlog | OutPut by Rig Lynx

August 1, 2018
| Archives

Rowan Companies plc (“Rowan†or the “Companyâ€) (NYSE: RDC) announced today that ARO Drilling was awarded six three-year contracts by Saudi Aramco for Rowan jack-up rigs currently operating in Saudi Arabia. These new contracts will commence upon completion of the rigs’ existing contracts later this year. Tom Burke, President and Chief Executive Officer, commented, “Our partnership with Saudi Aramco in

Read More...

ENI receives green-light from Mexico to develop 100% operated Area 1 in Campeche | OutPut by Rig Lynx

August 1, 2018
| Archives

  Eni announces that Mexico’s National Hydrocarbon Commission (Comisión Nacional de Hidrocarburos, CNH) has approved the development plan for the discoveries of Amoca, Miztón and Tecoalli, located in Area 1 (Eni 100%), in the shallow waters of the Campeche Bay. This achievement occurs just 32 months after Eni signed the Area 1 Production Sharing Contract (PSC), won in

Read More...

“Booming†the Permian power grid | OutPut by Rig Lynx

August 1, 2018
| Archives

The oil and gas boom in southeastern New Mexico and West Texas is pushing electricity demand on Xcel Energy’s grid to all-time records. The regional transmission network delivered 6.15 gigawatts of electricity to customers on July 19, about 350 megawatts more than the company had predicted in peak demand on any given day for this year, and the

Read More...

Top 5 for July | OutPut by Rig Lynx

July 31, 2018
| Monthly Rundown

->1 Shell announces $25 billion share “buyback†program (891 Views) Royal Dutch Shell plc announced the launch of a $25 billion share buyback program on Thursday. “Today, Shell starts a share buyback program of at least $25 billion in the period 2018-2020, subject to further progress with debt reduction and oil price conditions,†the company said in a statement on its

Read More...

History: In 2001 BP finds torpedoed U-Boat from 1942

July 31, 2018
| Archives

July 30, 1942 – U-Boat sunk in Gulf of Mexico, not identified until 2001 The U-166 was attacked and sunk by a Navy patrol boat just hours after the submarine had torpedoed and sunk a U.S. freighter. Despite being depth charged, the U-boat was believed to have escaped – until a natural gas pipeline survey revealed it decades later. The U-166’s identity was not learned

Read More...

Pioneer focuses just on the Permian super basin, selling off other assets | OutPut by Rig Lynx

July 31, 2018
| Archives

Pioneer Natural Resources Co. said July 31 it knocked out another target in its Permian pure-play strategy with the sale of its legacy West Panhandle position in Texas for $201 million. The sale with an undisclosed buyer represents a full-field exit for Pioneer and includes all of the Irving, Texas-based company’s interests in the field, producing wells and

Read More...