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

Archives

Valaris plc Reports Fourth Quarter and Full-Year 2019 Results

February 21, 2020
| Archives

Valaris plc reported a net loss attributable to the Company of $216 million, or $1.09 per share, for fourth quarter 2019 compared to a net loss of $197 million, or $1.00 per share, in third quarter 2019. The Company reported adjusted EBITDA of $22 million in fourth quarter 2019 compared to $35 million in third quarter 2019,

Read More...

10 Crew Kidnapped From Tanker 76NM SW of Cotonou, Benin

February 21, 2020
| Archives

Initial reports indicate that 10 (out of a total of 24) crew have been kidnapped from the crude oil tanker ALPINE PENELOPE (IMO #9379301) while she was approx. 76 nautical miles southwest of Cotonou, Benin and headed from Ijmuiden, the Netherlands towards Lagos, Nigeria (approx. posn. 05 07.8N, 002 06.0E). While details remain limited at this time, there

Read More...

Noble Corporation plc Announces Receipt Of NYSE Continued Listing Standard Notice

February 20, 2020
| Archives

  Noble Corporation plc today announced that on February 19, 2020 it received formal notice of non-compliance (the “NYSE Noticeâ€) with the New York Stock Exchange (the “NYSEâ€) share price continued listing standards, which require a listed common stock to maintain a minimum average closing price of $1.00 per share for 30 consecutive trading days. The Company intends to regain compliance with the NYSE’s listing standards, and as

Read More...

Nabors Announces Fourth Quarter 2019 Results

February 20, 2020
| Archives

  Nabors Industries Ltd. today reported fourth quarter 2019 operating revenues of $714 million, compared to operating revenues of $758 million in the third quarter. Highlights are below: Reduced total debt during the fourth quarter by $184 million to $3.3 billion and reduced net debt by $218 million to $2.9 billion Amended 2018 Credit Agreement in December 2019 to provide additional covenant

Read More...

US companies willing to invest $2 bn in Angola’s oil and gas projects

February 20, 2020
| Archives

  The United States Secretary of State, Mike Pompeo has confirmed that several American firms operating in the oil and gas sector are willing to invest more than $2 billion in Angola’s oil and gas projects. The US State Secretary attended a meeting organized by the US Angola Chamber of Commerce, with Angola’s Minister of Foreign Affairs, H.E. Manuel

Read More...

Alberta approves Suncor Energy oil sands project

February 20, 2020
| Archives

The Alberta provincial government said on Wednesday that it had approved Suncor Energy’s Meadow Creek West oil sands project, although other approvals are still needed. The 40,000-barrel-per-day project planned near Fort McMurray, Alberta, requires environmental licenses and development permits, and Suncor has not yet made a final decision on whether to build it.  If it proceeds, project construction is

Read More...

Noble Reports Fourth Quarter And Full Year 2019 Results

February 19, 2020
| Archives

Highlights and Recent Developments Expanded presence and positioning in the Guyana-Suriname basin following a uniqueCommercial Enabling Agreement (CEA) with ExxonMobil- Noble Sam Croft added to CEA with one-year contract award2019 operating days improved 18 percent with fleet uptime at 97 percentFourth quarter contract drilling services revenue totaled $441 million, inclusive of Noble Bully II contract buyout of $167

Read More...

Noble Corporation plc Announces Leadership Transition Plan

February 19, 2020
| Archives

  Julie J. Robertson to Transition to Executive Chairman of the Board of Directors Robert W. Eifler to Succeed Robertson as President and Chief Executive Officer Noble Corporation plc today announced that its Board of Directors is implementing a leadership transition plan that capitalizes on the strength of Noble’s management team. At the close of the Company’s next annual general meeting

Read More...

Talos Energy announces full year 2020 operating and financial guidance

February 19, 2020
| Archives

  Talos Energy Inc. announced full year 2020 operating and financial guidance. The Company also announced that it expects to close the previously announced acquisition of affiliates of ILX Holdings, among other entities (the “Acquired Assetsâ€, the “Acquisitionâ€, or the “Transactionâ€), on February 28, 2020. The Company expects to generate significant free cash flow in 2020, despite the recent

Read More...