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

Archives

South African refinery explosion kills two, injures seven

July 3, 2020
| Archives

Two people were killed on Thursday in an explosion at Astron Energy’s 100,000 barrel per day refinery in Cape Town, the company said as it promised a full investigation. The Western Cape’s emergency medical services said one man and one woman died at the scene, while seven people sustained minor injuries and were taken to hospital. “This is a

Read More...

Borr Drilling Limited Regains Compliance with NYSE

July 3, 2020
| Archives

Borr Drilling Limited, refers to its announcement on May 12, 2020 regarding the written notice received from the New York Stock Exchange (the "NYSE") that the Company was not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE (the “Continued Listing Standard”) because the average closing

Read More...

Houston based McDermott completes restructuring

July 2, 2020
| Archives

McDermott International Ltd. ("McDermott" or the "Company") announced that the Company has successfully completed its restructuring process. The comprehensive balance sheet restructuring equitizes nearly all of McDermott's $4.6 billion of funded debt. The Company emerges with $2.4 billion in letter of credit capacity and $544 million of funded debt. McDermott has completed the sale of Lummus Technology to a joint partnership between Haldia Petrochemicals

Read More...

Eni: New gas discovery in the Mediterranean Sea offshore Egypt

July 2, 2020
| Archives

Eni have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush. The discovery further extends to the west the gas potential of the Abu Madi formation reservoirs discovered and produced from the so-called "Great Nooros Area". Eni (as the Operator of

Read More...

20% of Petrobras workforce accept voluntary buyout

July 2, 2020
| Archives

Some 10,000 employees of Brazil’s Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses. In a webinar hosted by Brazilian newspaper Valor Economico, Castello Branco said the deadline for employees to sign up

Read More...

OPEC slashes production to 1991 levels

July 2, 2020
| Archives

OPEC slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand again. Saudi Arabia faithfully delivered the extra curbs promised in June, and the laggards, though still trailing in implementing the cuts, stepped up their performance, according

Read More...

Winner Most Active User Week 26

July 1, 2020
| Archives

Each week we give away a cool $100 bucks! Congrats to Bharti Sharma for getting in there and getting that $100 bucks! She generated over 13k clicks!! Rules are pretty simple, you can find out more by following the link below: Most Active User Contest Week 27

Read More...

Shell plans to writedown $22 billion on weak demand outlook

July 1, 2020
| Archives

Royal Dutch Shell plans to slash the value of its oil and gas assets by up to $22 billion after the coronavirus crisis hit demand for fuel and weakened the outlook for energy prices, the Anglo-Dutch energy company said on Tuesday. The writedown announcement came after Shell cut its forecast for energy prices into 2023 on expectations that

Read More...