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One hostile bid, two Canadian companies | OutPut by Rig Lynx

October 3, 2018
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    “One hostile bid, two Canadian companies†OutPut by Rig Lynx Click To Tweet   Husky Energy Inc. made a C$3.3 billion ($2.6 billion) hostile bid for MEG Energy Corp., setting up a battle between the Canadian oil company linked to Hong Kong billionaire Li Ka-shing’s family and Chinese energy giant Cnooc Ltd., a major investor in the targeted oil-sands producer. Husky

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Semi-Submersible Stena Clyde Retired | OutPut by Rig Lynx

October 3, 2018
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    “Semi-Submersible Stena Clyde Retired†OutPut by Rig Lynx Click To Tweet   UK offshore driller Stena Drilling has decided to remove the Stena Clyde semi-submersible drilling rig from active service and retire the rig from its fleet. The driller said on Monday that the rig had been warm stacked in Australia for the past three years and is presently in Singapore. The

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Borr reactivates 4 jackups on market speculation | OutPut by Rig Lynx

October 3, 2018
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“Borr reactivates 4 jackups on market speculation†Click To Tweet The driller on Wednesday said the move to reactivate four additional jack-ups was made based on recent contracts secured and a rise in customer inquiries- Borr Drilling said: “Supported by the strong increase in direct customer requests and the material increase in tender activity of approximately 50% year to date,

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Transocean drillship gets 790 day extension | OutPut by Rig Lynx

September 30, 2018
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Transocean drillship gets 790 day extension Click To Tweet Transocean said on Friday that the contract extension was for the ultra-deepwater drillship Petrobras 10000. The company added that the contract was extended by 790 days and that the vessel would work offshore Brazil. The contract is extended through October 2021 and includes a blend and extend modification to the previous contract

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Guyana puts the brakes on oil auctions | OutPut by Rig Lynx

September 27, 2018
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“If you want to call that being on hold you can do so, but what I am saying it is basically an administrative process which is basically requiring the Department, which was only established on the 1st of August, to get a better sense … of the lay of the land, before they start to proceed to

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Bakken starting to heat up amidst Permian growth concerns | OutPut by Rig Lynx

September 27, 2018
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    Bakken starting to heat up amidst Permian growth concerns Click To Tweet   After months of being the red-headed stepchild to the Permian, the Bakken shale play is getting a resurgence. Crude oil production in North Dakota reached an all-new high for the second time this year in July, averaging 1.27 million barrels per day, according to the most recent figures available.

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78 million acres on the auction block for the GOM | OutPut by rig Lynx

September 27, 2018
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    78 million acres on the auction block for the GOM Click To Tweet   The US Bureau of Ocean Energy Management plans to offer 78 million acres in the Gulf of Mexico in a region-wide oil and gas lease sale, Deputy US Interior Sec. David Barnhart and BOEM Acting Director Walter D. Cruickshank jointly announced. The sale will include all

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Jasper Explorer scrapped for $6.3 million | OutPut by Rig Lynx

September 26, 2018
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    Jasper Explorer scrapped for $6.3 million Click To Tweet   Offshore rig broker Bassoe Offshore has informed that the Jasper Explorer drillship has been sold for scrap. Data on Bassoe Analytics website shows the Jasper Explorer was sold to GMS for $6.3 million earlier in September. The “Jasper Explorer†was built in Jan 1973 by IHC Gusto Engineering Netherlands under the name

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$100 oil back on the forecast, 1st time since 2014 | OutPut by Rig Lynx

September 26, 2018
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$100 oil back on the forecast, 1st time since 2014 Click To Tweet Major oil trading houses are predicting the return of $100-crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. With Brent crude already jumping to an almost four-year high on Monday, that’s exactly the kind of

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Maersk Drilling puts the warm stacked Viking to work in Ghana | OutPut by Rig Lynx

September 26, 2018
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    Maersk Drilling puts the warm stacked Viking to work in Ghana Click To Tweet   Aker Energy and Maersk Drilling have agreed upon a new contract that will send deepwater drillship Maersk Viking from the Gulf of Mexico to Ghana to start drilling an appraisal well during fourth-quarter 2018. Maersk Drilling has signed a contract with Aker Energy for Maersk Viking, an ultra-deepwater drillship, to drill the Pecan-4A appraisal

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