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The Millennials Making Millions In Texas Oil

September 20, 2018
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The Millennials Making Millions In Texas Oil Click To Tweet John Sellers and Cody Campbell are holding court one hot August evening in the corner of an oil-themed dive bar in Midland, Texas. After flying in on their private jet, they’re shaking hands, cracking jokes and talking deals with aspiring oilmen, contractors and land traders, almost all in their

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Decomm is an emerging business worth billions | OutPut by Rig Lynx

September 19, 2018
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    Decomm is an emerging business worth billions Click To Tweet   Worldwide spending on oil and gas decommissioning activities should reach $13 billion per year by 2040, according to Lloyd’s Register (LR). That should translate into considerable long-term demand for engineering talent. “While it’s probably less exciting for potential engineers to think about dismantling something rather than designing brand new assets,

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Seadrill inks an extension for 2 wells + 9 options for the West Hercules with Equinor | OutPut by Rig Lynx

September 19, 2018
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    Seadrill inks an extension for 2 wells + 9 options for the West Hercules with Equinor Click To Tweet   Offshore driller Seadrill has scored a contract for its West Hercules semi-submersible drilling rig with Equinor. Under the contract, the rig will drill two exploration wells in the Barents Sea, starting in the spring of 2019. Equinor will have options to extend the contract

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Saipem found guilty of bribery, ENI acquitted | OutPut by Rig Lynx

September 19, 2018
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    Saipem and a former CEO guilty of corruption in a long-running trial over bribes Click To Tweet   A court has found Italian oil services group Saipem and a former CEO guilty of corruption in a long-running trial over bribes in Algeria, but it acquitted oil major Eni. In a court ruling on Wednesday, Milan judges sentenced one-time Saipem CEO Pietro

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QGEP grabs the Laguna Star drillship for work in Brazil | OutPut by Rig Lynx

September 18, 2018
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  QGEP grabs the Laguna Star drillship for work in Brazil Click To Tweet Brazil’s QGEP Participações S.A (QGEP) has hired the drillship Laguna Star to drill a third well of the Atlanta field’s Early Production System (EPS) located offshore Brazil. Queiroz Galvão Exploração e Produção S.A., QGEP’s wholly-owned subsidiary, entered into chartering and drilling services contracts with Podocarpus C.V. e Serviços de

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ExxonMobil signs up to take the West Aquarius in 2nd Q 2019 for more work in Canada | OutPut by Rig Lynx

September 18, 2018
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    ExxonMobil signs up to take the West Aquarius in 2nd Q 2019 for more work in Canada Click To Tweet   Seadrill Partners LLC (“SDLP†or “the Companyâ€) has secured a one well contract with multiple options with ExxonMobil Canada, Ltd., for the West Aquarius in Canada. Backlog for the firm portion of the contract is expected to be approximately

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Recent Egyptian investments top $1 billion in oil and gas industry | OutPut by Rig Lynx

September 17, 2018
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The agreements include exploring two deep water areas in the Mediterranean Sea and Western Sahara, in collaboration with foreign companies. Egypt’s Ministry of Petroleum and Mineral Resources recently signed two oil and gas exploration agreements worth a minimum investment of USD 1 billion for exploratory projects, in collaboration with Canadian, British, Dutch, Malaysian and Kuwaiti companies.     USD 1 billion

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Signs of offshore recovery with recent Transocean deals | OutPut by Rig Lynx

September 17, 2018
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    Signs of offshore recovery with recent Transocean deals Click To Tweet   Earlier this month, Transocean announced that it planned to acquire offshore drilling contractor Ocean Rig in a cash-and-stock deal valued at about $2.7 billion, as it looks to strengthen its ultra-deepwater fleet ahead of an anticipated recovery in the offshore drilling markets. The deal, which is subject to the approval

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Amazon quietly releases synthetic motor oil in July… | OutPut by Rig Lynx

September 17, 2018
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Amazon is now in the oil business. With the release of its Amazon Basics Synthetic Motor Oil, Amazon has effectively entered into an industry ripe for disruption.     Amazon is now in the oil business! Click To Tweet   A report from Market Watch announced that shares of Valvoline Inc., sank 4.2% in premarket trading on Friday, September 14, after J.P. Morgan turned bearish on the

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