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The reason for the price drop in oil today | OutPut by Rig Lynx

July 12, 2018

The biggest weekly drop in U.S. crude supplies couldnâ€™t halt the drop in oil prices Wednesday as traders chose to focus on expectations for higher global output. On Wednesday, the Energy Information Administration reported a 12.6 million-barrelÂ drop in U.S. crude suppliesÂ for the week ended July 6. That was more than double the 4.8 million-barrel decline expected by analysts

The â€œlaw of interconnected monkey businessâ€ | OutPut by Rig Lynx

July 12, 2018

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Despite booming shale oil production in the U.S., expectations of more Russian and Saudi oil, and repeated warnings that a trade war will dampen economic growth and thus demand. In some ways, this is the perfect storm, with production problems in Libya and Venezuela coincidentally occurring at a time of strong demand and stagnant non-OPEC production (excluding U.S.

Mexicoâ€™s Privatization Futures | OutPut by Rig Lynx

July 11, 2018

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Earlier this year, oil and gas statisticians in Mexico marked a historical first, for on 23 March officials at the National Hydrocarbons Commission (CNH) created a buzz in the market by including â€œ251 million barrels of oil equivalent (boe)â€ in national reserves discovered by private exploration and production companies operating their own prospection blocks. While positive, keen-eyed observers

What will it take to move 5.4 million barrels per day out of the Permian | OutPut by Rig Lynx

July 11, 2018

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TheÂ pipeline crunchÂ threatening the worldâ€™s hottest shale play wonâ€™t be solved until at least the back half of next year. But then, the floodgates will open. Pipelines serving the Permian Basin in Texas and New Mexico were able to carry 2.9 million barrels of oil a day in the second quarter, according to analysts at Bloomberg NEF, and pretty

$50 Billion in new mergers and acquisitions coming for the Permian | OutPut by Rig Lynx

July 11, 2018

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Oil and gas mergers and acquisitions are expected to surge with upwards of $50 billion in new U.S. deals for the rest of the year following a spring lull, according to a new report. The land rush in West Texasâ€™ booming Permian Basin largely ended last year, and now itâ€™s time for the dealmaking and consolidation to take

75% increase in LNG new build orders so far in 2018 | OutPut by Rig Lynx

July 10, 2018

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Orders for liquefied natural gas (LNG) carriers surged in the first half of this year as compared to the same period in 2017. According to the data by VesselsValue provided to LNG World News, 22 LNG vessels worth $3.97 billion have been ordered in the first half of this year. This compares to eighth LNG carriers worth $930

China DPG stops import of U.S. crude and turns to Iran | OutPut by Rig Lynx

July 10, 2018

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An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, mediaÂ reports, citing an official from the refiner, Dongming Petrochemical Group. Whatâ€™s more, the source said that Beijing is planning to slap tariffs on U.S. crude oil imports and replace them with West

Precision lands an additional rig on a 5 year run in Kuwait | OutPut by Rig Lynx

July 10, 2018

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Precision Drilling Corporation is pleased to announce the award of one new build ST-3000 drilling rig in Kuwait under a five year take-or-pay contract with an optional one year extension. Precision has five active rigs in Kuwait on long term contract and expects the sixth rig to commence operations in the third quarter of 2019. All six

The one thing that could drive oil price to $250 | OutPut by Rig Lynx

July 9, 2018

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Crude oil prices could jump as high as US$250 a barrel if Iran goes through with its threat to close the Strait of Hormuz in response to U.S. pressure on oil buyers to cut their Iranian purchases to zero, RTÂ reports, quoting analysts. The most bullish among these analysts was Artem Avinov from online broker TeleTrade, who saw prices

Increase in seismic demand can mean only one thing | OutPut by Rig Lynx

July 9, 2018

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Norwegian seismic specialist TGS has said there is an increase in demand for marine seismic data, and the company expects to report a significant rise in its second-quarter revenue. Based on preliminary info from its operating units, the provider of multi-client geoscience data to oil and gas exploration and production companies on Monday said it expected net revenues

Author: Admin

The reason for the price drop in oil today | OutPut by Rig Lynx

The â€œlaw of interconnected monkey businessâ€ | OutPut by Rig Lynx

Mexicoâ€™s Privatization Futures | OutPut by Rig Lynx

What will it take to move 5.4 million barrels per day out of the Permian | OutPut by Rig Lynx

$50 Billion in new mergers and acquisitions coming for the Permian | OutPut by Rig Lynx

75% increase in LNG new build orders so far in 2018 | OutPut by Rig Lynx

China DPG stops import of U.S. crude and turns to Iran | OutPut by Rig Lynx

Precision lands an additional rig on a 5 year run in Kuwait | OutPut by Rig Lynx

The one thing that could drive oil price to $250 | OutPut by Rig Lynx

Increase in seismic demand can mean only one thing | OutPut by Rig Lynx

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