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Record Low on Canada Crude | OutPut by Rig Lynx

October 6, 2018
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“Record Low on Canada Crude†Click To Tweet Canadian crude plunged to a record low relative to U.S. crude, hurt by reduced capacity at American refineries and a jump in production from new oil-sands megaprojects that has overwhelmed the nation’s pipeline system. Maintenance work at U.S. refineries over the next six months will lead to stretches when those facilities are

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Trinidad accepts $1 Billion offer from Precision, turns away Ensign | OutPut by Rig Lynx

October 6, 2018
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    “Trinidad accepts $1 Billion offer from Precision, turns away Ensign†Click To Tweet   Canada’s largest contract drilling firm is transferring to solidify its place with a $540-million all-share merger provide for the nation’s third-largest driller. However the true attraction for Precision Drilling Ltd. is Trinidad Drilling Ltd.’s “super-spec†American rig fleet because the Canadian drilling trade stays in a deep

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Pressure is on for big oil to spend | OutPut by Rig Lynx

October 5, 2018
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“Pressure is on for big oil to spend†Click To Tweet Executives at the world’s biggest oil and gas companies are under growing pressure to loosen the purse strings to replenish reserves, halt output declines and take advantage of a crude price rally after years of austerity.With oil at a four-year high of $85 a barrel, exploration departments are

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Canada brings indigenous tribes back to the table for pipeline talks | OutPut by Rig Lynx

October 5, 2018
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    “Canada brings indigenous tribes back to the table for pipeline talks†Click To Tweet   Canada’s resources minister said Wednesday Ottawa was relaunching consultations with indigenous groups on the Trans Mountain pipeline to the Pacific after a court ruled the tribes get a say in the multi-billion dollar project. “We believe that we can and must move forward with engaging in

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New field technology does not replace fundamental learning says Honeywell

October 5, 2018
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“New field technology does not replace fundamental learning says Honeywell†Click To Tweet Technology is not making oil and gas qualifications less important, according to Jason Urso, vice president and general manager at Honeywell. Rigzone questioned the Honeywell representative on the matter during an interview at a recent conference in Madrid. This followed a presentation by Urso that included a

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US shale adaptation, not an easy game for refineries |OutPut by Rig Lynx

October 4, 2018
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“US shale adaptation, not an easy game for refineries†Click To Tweet U.S. shale production is at record highs and the momentum is still not over. A lot has been said about the energy self-sufficiency implications of this trend, but there’s something that has not garnered a lot of attention: U.S. shale is light crude, great for making gasoline

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Turkish President warns not to “overstep the mark†in disputed waters as Cyprus invites oil majors back | OutPut by Rig Lynx

October 4, 2018
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“Turkish President warns not to “overstep the mark†in disputed waters as Cyprus invites oil majors back†Click To Tweet Cyprus decided Wednesday to invite energy giants Total, Eni and ExxonMobil to bid for a license to explore for oil and gas in a new offshore block, officials said. The cabinet agreed to allow firms already licensed to exploit oil

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38 offshore blocks in Argentina opening up with hopes of Guyana excitement | OutPut by Rig Lynx

October 4, 2018
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    “38 offshore blocks in Argentina opening up with hopes of Guyana excitement†Click To Tweet   BUENOS AIRES, – Argentina on Tuesday put on offers for 38 offshore blocks, most of them on its continental slope, international media reported. “There is a lot of interest,†said Javier Iguacel, the country’s energy secretary The geology on the slope is similar to that offshore Guyana,

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Rowan Norway going back to work | OutPut by Rig Lynx

October 4, 2018
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    “Rowan Norway going back to work†Click To Tweet   Rowan Companies said Rowan Norway, an N-Class ultra-harsh environment jack-up rig, has been awarded a two-well contract in the Mediterranean Sea by Turkish Petroleum with an estimated duration of 100-140 days. The contract is expected to commence in late 2018. The Rowan Norway is currently warm-stacked in the United Kingdom sector

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120 years ago, this inexpensive gasoline consumer rolled off the assembly line | OutPut by Rig Lynx

October 4, 2018
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    “120 years ago, this inexpensive gasoline consumer rolled off the assembly line†Click To Tweet   October 1, 1908 – Ford produces First Model T Model T tires were white until 1910, when the petroleum product carbon black was added to improve durability. The first production Model T Ford rolled off the assembly line at the company’s plant in Detroit. Between 1908

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