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

Author: Admin

UK Secretary of State for Business Backs Fracking | OutPut by Rig Lynx

May 17, 2018
| Archives

  The Secretary of State for the UK’s Business, Energy and Industrial Strategy department has issued his backing for the UK’s onshore shale gas industry and set out a series of actions to support the development of shale gas extraction in the UK. “Further development of onshore gas resources has the potential to deliver substantial economic benefits to the

Read More...

What $90 a BBL Looks Like for the Shipping Revolution | OutPut by Rig Lynx

May 17, 2018
| Archives

Forget Iran and OPEC — there’s another issue that will keep oil prices supported for the next two years, according to Morgan Stanley. Brent crude will reach $90 a barrel by 2020 as new international shipping regulations take effect, overhauling the types of fuels produced by refiners, the bank’s analysts said in a report. The changes, which force vessels

Read More...

Keppel FELS Offload 5 More Hi-Spec Jackups | OutPut by Rig Lynx

May 17, 2018
| Archives

Brought to you from OutPut by Rig Lynx – Borr Drilling Limited (the “Company†or “Borr Drillingâ€) has placed USD350 million of convertible bonds with a coupon of 3.875% per annum and a conversion premium of 37.5% above a reference price of USD4.87/share. In connection with this placement the Company has also entered into a call spread, which increases the

Read More...

OPEC Raises Supply – IEA Cuts Demand ? | OutPut by Rig Lynx

May 16, 2018
| Archives

  Brought to you from OutPut by Rig Lynx – LONDON (Reuters) – Global demand for oil is likely to moderate this year, as the price of crude nears $80 a barrel and many key importing nations no longer offer consumers generous fuel subsidies, the International Energy Agency said on Wednesday. The Paris-based IEA cut its forecast for global demand growth to 1.4 million

Read More...

2 Billion Worth, Conoco Seizes Assets | OutPut by Rig Lynx

May 16, 2018
| Archives

Brought to you from OutPut by Rig Lynx – ConocoPhillips Chairman and Chief Executive Ryan Lance said the Houston oil producer is pressing forward with recouping the $2 billion it is owed by Venezuela. ConocoPhillips seized much of the oil storage and refining assets of Venezuela’s state-owned oil company, PDVSA, in the Caribbean islands of Curacao, Bonaire and Sint Eustatius in recent

Read More...

Bakken Not Dead Yet! | OutPut by Rig Lynx

May 16, 2018
| Archives

  Brought to you from OutPut by Rig Lynx – If North American oil production were a race, the Permian Basin would, of course, have lapped everyone else in the field long ago. But in this theoretical competition, the Bakken is neck and neck with the Eagle Ford, with each producing about 1.2 MMbbl/d, according to the U.S. Energy Information

Read More...

Oil Price Perfect Storm | OutPut by Rig Lynx

May 16, 2018
| Archives

Brought to you from OutPut by Rig Lynx – Oil prices are on the cusp of $80 a barrel, and all market signals point to further increases. Get ready for $100 oil, perhaps as early as this summer. Brent, the international oil- benchmark, reached a record $147 a barrel in 2008 before the financial crisis reversed its meteoric rise. Challenging that level –

Read More...

25,000 BPD Worldwide Oil Demand Increase | OutPut by Rig Lynx

May 15, 2018
| Archives

  Brought to you from OutPut by Rig Lynx – OPEC revised up on Monday its forecast for global oil demand growth this year, but noted that sanctions, tariffs, and the U.S. withdrawal from the Iran nuclear deal point to rising uncertainty over the global economic growth momentum. In its closely watched Monthly Oil Market Report out today, OPEC revised up its global oil

Read More...