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Rolls Royce marine division in the hands of Kongsberg for $661 million | OutPut by Rig Lynx

July 6, 2018
| Archives

Two of the greatest advocates for autonomous shipping are set to join forces with news breaking that Norway’s Kongsberg has entered into agreement with Rolls-Royce to acquire Rolls-Royce Commercial Marine. “Kongsberg and Rolls-Royce Commercial Marine are by and large complementary in terms of products, solutions and competencies and the acquisition is in line with Kongsberg’s ambitions of profitable

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Seadrill’s West Capella picked up by Shell for a 5 well deal

July 6, 2018
| Archives

Seadrill Partners has secured a contract with Shell for one of its drillships. The West Capella drillship will work for Shell’s subsidiary Sabah Shell Petroleum Limited, drilling five wells offshore Malaysia. Shell will also have several options to extend the contract. Backlog for the firm portion of the contract is expected to be approximately $32 million and start is expected in October

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Oil Buyers’ Club talks? | OutPut by Rig Lynx

July 5, 2018
| Archives

When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying. “The timing is right. The boom in U.S. oil and gas production gives us greater

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Oil and gas top the list for United States’ leading accomplishments at 242 years of age | OutPut by Rig Lynx

July 4, 2018
| Archives

How did the United States, at 242 years of age, become the new world leader in oil and gas production and at the same time, the new world leader in reducing carbon emissions? In part because of the U.S.’s two other new accomplishments in the energy sector, according to the executive director of the International Energy Agency. According to IEA’s Fatih Birol, the United

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Trinidad in 5 year, 2 rig deal for Kuwait | OutPut by Rig Lynx

July 4, 2018
| Archives

CALGARY, June 28, 2018 /CNW/ – Trinidad Drilling Ltd. (TSX: TDG) (“Trinidad†or “the Companyâ€) is pleased to announce an award in Kuwait for two Trinidad Drilling International (TDI) joint venture rigs on a five-year contract. Trinidad expects that the joint venture rigs will begin operating by late in the first quarter or early in the second quarter of 2019. The contract has five-year,

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ROC signs up Naga 4 to 11 well deal

July 3, 2018
| Archives

The company, formerly known as UMW Oil & Gas, on Tuesday said its subsidiary Velesto Drilling received a Letter of Award from Roc Oil for a contract on the provision of a jack-up drilling rig for its D35 Phase 2 Infill Drilling Program. Velesto will assign its NAGA 4 jack-up unit for this contract. NAGA 4 is a

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Egypt oil and gas trading hub, backed by the World Bank? | OutPut by Rig Lynx

July 3, 2018
| Archives

The World Bank supports Egypt’s efforts to be a regional oil and gas trading hub, as several new gas projects started up recently in the Mediterranean country, the Egyptian Ministry of Petroleum said on Monday. World Bank Executive Director Merza Hasan is visiting Egypt and holding talks with Egypt’s Petroleum Minister Tarek El-Molla on cooperation between the World Bank and

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