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

Archives

Texas oil hearing stirs hornet’s nest

April 15, 2020
| Archives

Texas energy regulators listened as top executives on Tuesday debated whether the state should cut oil output by 1 million barrels per day, but did not indicate how they might vote after more than 10 hours of sometimes dire testimony. Oil and gas companies are gushing red ink and cutting tens of thousands of workers as oil prices

Read More...

Weatherford announces intention to delist from NYSE

April 15, 2020
| Archives

Weatherford International plc provided an update today on its expected results for the first quarter of 2020 and announced its intention to delist from the New York Stock Exchange (“NYSEâ€). FINANCIAL UPDATE Despite the challenging environment, the Company’s preliminary financial results improved during the first quarter of 2020 due to operational and cost reduction initiatives. The Company’s preliminary financial results for the

Read More...

Parker Drilling Stock Split Statement

April 15, 2020
| Archives

As previously announced, on March 19, 2020, Parker Drilling Company filed with the State of Delaware certificates of amendment to the Company’s certificate of incorporation, which became effective upon filing, to effectuate a 1-for-50 reverse stock split, which was followed immediately by a 50-for-1 forward stock split. As disclosed in public filings with the Securities and Exchange

Read More...

Transocean letter to shareholders

April 14, 2020
| Archives

As part of Transocean's Annual Report, we are pleased to recognize and thank the entire Transocean team, as we summarize our accomplishments toward furthering our company's strategic position. During the year: We successfully deployed the world's first hybrid energy storage system aboard a floating drilling unit, Transocean Spitsbergen; another first in Transocean's history of introducing revolutionary technologies to

Read More...

Lonestar Resources Announces Fourth Quarter 2019 Results

April 14, 2020
| Archives

Lonestar Resources US Inc. reported financial and operating results for the three months ended December 31, 2019. HIGHLIGHTS Lonestar reported a 33% increase in net oil and gas production to a 17,547 BOE/d during the three months ended December 31, 2019 (“4Q19â€), compared to 13,152 BOE/d for the three months ended December 31, 2018 (“4Q18â€). Production was comprised of

Read More...

VAALCO announces successful workover at South East Etame 2H well and first quarter 2020 production

April 14, 2020
| Archives

VAALCO Energy provided an operational update including the successful completion of the South East Etame 2H workover and the release of the drilling rig used in its highly successful 2019/2020 drilling program. Highlights Successfully completed a planned workover on the South East Etame 2H well and restored 2,400 gross barrels of oil per day (“BOPDâ€), 650 BOPD net revenue

Read More...

Borr Drilling landing LOA’s amidst market chaos

April 14, 2020
| Archives

Borr Drilling Limited is pleased to announce that it has been awarded LOAs for work in the Asia Pacific region for two of its premium jack ups, of which one is a newbuild being activated. The contracts’ estimated duration, excluding options, will be for 365 days and 200 days respectively. The rigs are expected to commence contracts

Read More...

Shell, Exxon halt some Gulf of Mexico output due to Exxon pipeline leak

April 14, 2020
| Archives

A leak in a pipeline that carries oil from U.S. Gulf of Mexico offshore facilities has halted production at two fields, Exxon Mobil Corp and Royal Dutch Shell said on Monday. Shell said it temporarily halted production on its 100,000-barrel-per-day deepwater Perdido production hub last Thursday after a subsurface leak was discovered on Exxon’s Hoover Offshore Oil Pipeline

Read More...