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Houston Jobs – Gas Price Driven? | OutPut by Rig Lynx

May 10, 2018
| Archives

Brought to you from Output by Rig Lynx – Ed Hirs, UH Energy Fellow and lecturer says the city of Houston stands to gain from higher gas prices. That usually translates into additional jobs and greater investments in oil and gas industries. __________________________________________________________ Connect with the next generation of oil and gas here Download our free app – Rig Lynx  ________________________________________________________ There are great views of

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40,000 People Needed in 17 Years? | OutPut by Rig Lynx

May 10, 2018
| Archives

Brought to you from Output by Rig Lynx – The UK oil and gas industry will likely need to recruit more than 40,000 new people from now to 2035 to offset natural attrition and ensure the sector can support Vision 2035 and the broader energy diversification agenda, according to a new report by global energy skills body Opito. The UKCS Workforce

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Two Days of New-build Action? Transocean bags 33.3% of West Rigel-Harsh Environment Semi | OutPut by Rig Lynx

May 10, 2018
| Archives

Brought to you from Output by Rig Lynx – Offshore driller Transocean has bought a 33.3% interest in the West Rigel, a newbuild harsh environment semi-submersible rig built by a Sembcorp Marine yard for a subsidiary of Seadrill. The interest has been bought through a joint venture with funds managed and/or advised by Hayfin Capital Management (Hayfin), Transocean said on Wednesday. Transocean added

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Is 80$ BBL May Potential? | OutPut by Rig Lynx

May 9, 2018
| Archives

  Brought to you from Output by Rig Lynx – After two months of an almost uninterrupted increase, crude oil is set for even more volatility on a string of political events that could see it either touch US$80 or even higher by the end of June or, conversely, slump to deep lows again. President Donald Trump will start unwinding the string

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Bargain for Northern Bagging Two Cancelled Ships | OutPut by Rig Lynx

May 9, 2018
| Archives

Brought to you from Output by Rig Lynx – John Fredriksen’s new offshore investment vehicle Northern Drilling has entered into agreements with South Korea’s DSME to acquire newbuild ultra-deepwater drillships West Aquila and West Libra for $296m each. Delivery of the vessels is scheduled for January and March 2021, although a flexible schedule allows for the option to take delivery earlier. __________________________________________________________ Connect

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The Next Big Trend In Offshore Oil & Gas | OutPut by Rig Lynx

May 7, 2018
| Archives

Brought to you from Output by Rig Lynx –The offshore sector will increasingly focus on natural gas instead of oil over the next few decades, while policy support and technology improvements could also see offshore investment shift in favor of wind power. However, in the short run, offshore drilling is set for a resurgence. The oil market downturn in 2014

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Banker and Oil Prices, Wrong Combination | OutPut by Rig Lynx

May 7, 2018
| Archives

Brought to you from Output by Rig Lynx – In recent weeks I’ve commented on the powerful bullish forces that have combined in oil and oil stocks and your need to increase your exposure to them. So, before going on to other topics, this has to be the start of any column until further notice, despite the weakness in stock

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Offshore Wind Fueling Oil and Gas Projects? | OutPut by Rig Lynx

May 7, 2018
| Archives

Brought to you from Output by Rig Lynx – Norwegian oil and gas major Aker BP has tabled a proposal to power the NOAKA project on the Norwegian Continental Shelf with electricity from shore combined with offshore wind. The NOAKA (North of Alvheim Krafla Askja) project is located south of Oseberg in the Northern North Sea and is being developed jointly by Aker BP, Statoil,

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Offshore Energy Survival – We Will Need Trillions In Investments | OutPut by Rig Lynx

May 7, 2018
| Archives

Brought to you from Output by Rig Lynx – Offshore energy-related activity is expected to grow and will require trillions of dollars of investments through 2040. This is according to the recently released International Energy Agency’s Offshore Energy Outlook, which forecasts what’s ahead for the offshore energy industry through 2040. The outlook takes into account two scenarios the New Policies Scenario (NPS),

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