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Century of supply? | OutPut by Rig Lynx

June 30, 2018
| Archives

Natural gas production from U.S. shale fields can keep growing for decades, giving Washington a powerful diplomatic tool to counter the geopolitical influence of other energy exporters such as Russia, industry executives and government officials said at a conference here. Already the world’s largest gas producer, the United States can expand shale gas output another 60 percent in

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How the sky fell on “Peak Oil†| OutPut by Rig Lynx

June 30, 2018
| Archives

A decade ago, the media was filled with stories about peak oil, numerous books were published on the subject (such as Half Gone and $20 a Gallon!), and even the Simpsons mentioned it in an episode about doomsday preppers.  Now, the topic is largely forgotten and the flavor of the month is peak oil demand.  Anyone concerned about the quality of

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Stena Forth headed to Ghana for Tullow | OutPut by Rig Lynx

June 29, 2018
| Archives

Oil company Tullow Oil has contracted a second rig to work on its drilling program and accelerate production growth in Ghana. Tullow is the operator of two fields located off Ghana, the Jubilee and Tweneboa, Enyenra, Ntomme (TEN). In addition to Maersk Drilling-owned Maersk Venturer drillship, which is already working off Ghana, Tullow has now hired the Stena Drilling-owned

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Substantial oil and gas project investments are moving forward, $110 billion worth | OutPut by Rig Lynx

June 28, 2018
| Archives

Higher oil prices, lower offshore development costs, and improved gas demand outlook have made the oil and gas industry more confident in approving investment in new projects whose total worth has exceeded US$110 billion since the beginning of 2017, research and consulting firm Rystad Energy said in a new analysis this week. After oil and gas projects worth just US$50

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250 years of energy, where? | OutPut by Rig Lynx

June 28, 2018
| Archives

India’s space program wants to go where no nation has gone before – to the south side of the moon. And once it gets there, it will study the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars. The nation’s equivalent of NASA will launch a rover in October to explore

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Northern clinches 6 well contract for the West Mira | Output by Rig Lynx

June 28, 2018
| Archives

John Fredriksen’s Northern Drilling has found a firm 6-well contract for its harsh environment drilling rig West Mira with Wintershall. The drilling firm said on Wednesday afternoon that the harsh-environment rig would be used for drilling at Wintershall’s Nova field. The contract is expected to start in March 2020. The contract value is estimated at around 106 million. The Wintershall

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Qatar Petroleum to invest $25 Billion in America’s production fields and downstream assets | OutPut by Rig Lynx

June 27, 2018
| Archives

Qatar Petroleum, the world’s biggest seller of liquefied natural gas, is looking to get even larger, investing $20 billion in America’s oil and gas fields at a time when rival U.S. exporters are expanding. The investments will be made over five years, Chief Executive Officer Saad Sherida al-Kaabi said in an interview with Bloomberg News in Washington. Some

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Baker to split from GE | OutPut by Rig Lynx

June 27, 2018
| Archives

General Electric Co. (NYSE: GE) said June 26 it plans to pursue an orderly separation from Baker Hughes Inc. (NYSE: BHGE) as the Boston-based conglomerate chooses to narrow its focus on its aviation, power and renewable energy businesses. The announcement comes roughly a year after GE completed its buyout of Baker Hughes, merging the company with its GE Oil & Gas

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