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Total exercises 25% option in Eco Atlantic’s Orinduik block offshore Guyana for $12.5 million | OutPut by Rig Lynx

September 14, 2018
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French oil major Total has exercised its option to acquire a 25 percent working interest in the Orinduik block offshore Guyana after a competent persons report identified potential for almost three billion barrels of oil equivalent. Eco Atlantic, a partner in the Tullow-operated Orinduik block, said on Thursday that Total E&P Activités Pétrolières, a wholly-owned subsidiary of Total,

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DynaView acquired by Tally Energy Services | OutPut by Rig Lynx

September 14, 2018
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Tally Energy Services announced today the acquisition of DynaView. The acquisition expands and compliments Tally’s drilling services business with 3D modeling, visualization and predictive technologies to enable drilling better wells, faster. “Currently, well planning and execution is performed in multiple discrete software systems, many of which are in 2D.  DynaView’s 3D data integration, visualization and predictive platform will be a

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Huisman contracted to build semisubmersible for CMHI to be delivered Q2 2020 | OutPut by Rig Lynx

September 14, 2018
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This week, China Merchants Heavy Industries (CMHI) awarded Huisman a contract for the engineering and fabrication of a drilling system which will be integrated and installed on the moored drilling semi-submersible constructed at CMHI Haimen. This drilling system will be used for oil and gas drilling activities in shallow to medium water depths all around Asia, particularly the South China Sea. The

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Borr’s Founder says “If you are going to hang until the end, you’ll lose all the money.†| OutPut by Rig Lynx

September 14, 2018
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Drilling rig contractor Borr Drilling aims to start paying dividends by 2020, the company’s founder and chairman, Tor Olav Troeim, said on Wednesday. Troeim, a former business partner of Norwegian billionaire John Fredriksen, founded Borr Drilling at the end of 2016 and the company has quickly grown into one of the largest owners of jack-up rigs which drill

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Ecuador and Madagascar to hold licensing rounds | OutPut by Rig Lynx

September 14, 2018
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Tweet It!     Ecuador and Madagascar to hold licensing rounds Click To Tweet   Ecuador Carlos Pérez Garcia, Minister of Energy and Non-renewable Resources in Ecuador has announced an open licensing round for eight blocks onshore Ecuador, in Sucumbíos Province. These comprise: Araza Este, Changue, Iguana, Perico, Espejo, Pañayacu Norte, Charapa and Sahino. The blocks offered are all onshore, conventional opportunities, most with

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DNV GL says natural gas usage will dethrone oil usage in the United Sates by the end of this year | OutPut by Rig Lynx

September 12, 2018
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Natural gas, helped by gains in energy efficiency, will dethrone oil as the biggest energy source that the United States uses by the end of this year. That’s according to the chief executive of Norway-based risk management consultancy DNV GL, and it would hardly come as a surprise to anyone who’s been following energy developments in the

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Gas may be the new “Gold†for Australia | OutPut by Rig Lynx

September 10, 2018
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  Australia is home to abundant gas assets and has become one of the world’s major exporters of gas in the past three decades, with 17 significant production locations for natural gas and oil, and enough natural gas reserves to power our nation for hundreds of years. According to Australian-gas.com, gas is estimated to represent 23% of world energy supplies

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375 Oil and Gas projects worldwide kicking off between 2018-2025 | OutPut by Rig Lynx

September 10, 2018
| Archives

GlobalData’s latest report, “Q2 2018 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Global Offshore Industry – Brazil Leads in Planned Projects Count†indicates that 375 planned and announced offshore crude and natural gas projects are expected to commence operations in 52 countries during the period 2018–2025. Among these, 152 represent the number

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