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Rig Lynx Weekly Rundown – Demand for accommodation rigs are recovering

December 6, 2021
| Weekly Rundown

Demand for accommodation rigs are recovering Floatel International believes that the demand for accommodation rigs is starting to recover but, due to market oversupply, it still remains below levels in late 2019 before the Covid-19 pandemic, resulting in prices continuing to be under pressure. Read More With backlog sitting at $2.1 billion Seadrill provides Q3 update Seadrill provided a market update

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International Rig Count is up 148 units so far this year

December 6, 2021
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for November is 817, up 17 units from the count in October and up 148 units from the 669 counted in November 2020. Latin America is up 3 units to a total of 155 from the October count of 152 units and up 54 units year-over-year. The Asia-Pacific region

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Rig Lynx celebrates 4 years

December 1, 2021
| Business Spotlight

Happy 4 Years Rig Lynx! There is still a need for what we do We are not Facebook or LinkedIn But it seems that sometimes our feet fit the same shoe We don’t do politics, it’s easy to stop the spin Offering a place to meet up with old crew mates And for a time, we took off like a rocket But it seemed

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Rig Lynx Monthly Rundown – November Top 5

December 1, 2021
| Monthly Rundown

Here are our top 5 articles for November! It was Noble, EnerMech, Weatherford and Seadrill this month... Thanks for reading with us and we wish you a great December! Stay safe and Happy Holidays! Noble closes four jackup deal with Ades Noble Corporation announced it has completed the sale of four jackup rigs to a subsidiary of ADES International Holding Ltd. ("ADES").

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Impact Oil and Gas spuds in Venus-1X with Maersk Voyager

December 1, 2021
| Archives

Africa Oil Corp has announced that Impact has spudded the Venus-1X offshore exploration well in Namibia Block 2913B (PEL 56) The well is being drilled in 3,000m water depth by the Maersk Voyager drillship. This, together with the adjacent Block 2912, are held through Impact’s wholly owned subsidiary, Impact Oil and Gas Namibia (PTY) Ltd. Both blocks are operated by TotalEnergies EP

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PTTEP outlines 5 year investment plan

December 1, 2021
| Archives

PTTEP has unveiled its 2022 investment plan and 5-year investment plan (2022-2026) with primary focuses on maintaining production volumes and increasing petroleum reserves from major assets, developing key projects adding to future production volume as well as capturing new business opportunities to foster sustainable growth during energy transition. The budget is also allocated to activities related to environment, society, and

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Cenovus reaches agreement to sell Husky fuel chain for $660 million

December 1, 2021
| Archives

Cenovus Energy has reached agreements to sell its Husky retail fuels network and the Wembley assets in its Conventional business for combined total cash proceeds of nearly $660 million, allowing the company to further focus the portfolio, accelerate deleveraging and support increasing shareholder returns. 'This is another demonstration of Cenovus delivering on opportunities to continue to optimize our portfolio and unlock value from assets

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Colombia updates reactivation of hydrocarbon sector

December 1, 2021
| Archives

The National Hydrocarbons Agency - ANH will hold December 1st the Presentation of Proposals Hearing of the Colombia Round 2021 to continue advancing in the reactivation of the hydrocarbons sector.  In the Colombia Round 2021, 17 companies were qualified, a new contractual framework was structured, a new land map was developed and investors were given the opportunity to submit proposals through blockchain technology.  The

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ADNOC outlines 5 year capital spending of $127 billion

December 1, 2021
| Archives

Abu Dhabi National Oil Company (ADNOC) announced a $127 billion capital spending plan for 2022-2026, as it reported an increase in the United Arab Emirates' (UAE) oil and natural gas reserves. The state-owned company said national reserves had risen by 4 billion stock tank barrels (stb) of oil and 16 trillion standard cubic feet (scf) of natural gas,

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