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

Author: Admin

Big Oil Snubs Iraq’s Exploration Auction | OutPut by Rig Lynx

April 27, 2018
| Archives

Brought to you from OutPut by Rig Lynx – No international oil major won any exploration and development contracts in Iraq’s Thursday auction of 11 oil and gas blocks, as the bidding attracted just one—unsuccessful—bid by a major company, Eni, while other Big Oil firms decided not to bid. Iraq awarded six of the 11 blocks to Middle East and

Read More...

Big Oil Is Set For A Break Out | OutPut by Rig Lynx

April 27, 2018
| Archives

Brought to you from OutPut by Rig Lynx – Oil majors began to reap the benefits of the higher oil prices and lower costs as early as last year when they started reporting growing profits and improved cash flows. Now they are earning as much income as they did in the middle of 2014, when oil prices were

Read More...

ConocoPhillips wins $2 billion arbitration against Venezuela oil company | OutPut by Rig Lynx

April 27, 2018
| Archives

Brought to you from Output by Rig Lynx ConocoPhillips said Wednesday that it won a $2 billion arbitration award against Venezuela’s state oil company, compounding the financial woes of the socialist-run nation as it struggles to feed its population. The award represents the equivalent of more than 20 percent of the cash-strapped government’s foreign currency reserves. The Houston-based company said

Read More...

Total and Google Cloud Team Up | OutPut by Rig Lynx

April 27, 2018
| Archives

Brought to you by OutPut and Rig Lynx Total S.A. and Google Cloud have signed an agreement to jointly develop artificial intelligence (AI) solutions for subsurface data analysis in oil and gas exploration and production. The agreement focuses on the development of AI programs that will make it possible to interpret subsurface images, notably from seismic studies, and automate the

Read More...

Permian Basin Seen Growing to Largest Oil Patch in the World

April 25, 2018
| Archives

Brought to you by OutPut and Rig Lynx – (Bloomberg) — The Permian shale play is all about setting records. Now, the region will probably become the world’s largest oil patch over the next decade. Output in the basin is forecast to reach 3.18 million barrels a day in May, according to the Energy Information Administration. That’s the

Read More...

A New Lithium War Is About To Begin

April 25, 2018
| Archives

Brought to you by OutPut and Rig Lynx – It’s the modern gold rush. Around the world, the most sought-after mineral isn’t a precious metal, nor is it oil and gas…it’s lithium. Lithium, or “white petroleumâ€Â as some call it, has become a crucial element in today’s high-tech economy. Demand for lithium is soaring, and producers are frantically searching for new

Read More...

Can Big Oil win back investors?

April 24, 2018
| Archives

For generations of investors, Exxon Mobil Corp. has been a cornerstone of fund managers’ portfolios alongside the biggest names in corporate America. Not so much any more. From leading the S&P 500 Index a decade ago, the company has dropped to the ninth-largest in a top 10 now dominated by technology giants. Its rivals Royal Dutch Shell Plc

Read More...