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

Archives

Jack-Up market utilization nods head to Borr Drilling | OutPut by Rig Lynx

June 22, 2018
| Archives

Analysis by Rystad Energy shows that Borr Drilling would emerge with the largest and youngest jack-up fleet if rigs over 35 years were retired in the short term. Marketed utilization rates would also rebound to 89% by 2020, surpassing rates seen during the heydays before the downturn, Rystad Energy, a Norway-based energy intelligence group said on Monday. “From the outset, Borr’s

Read More...

Bankrupt Driller with long-term LOIs starting late 2018 in GOM amidst restructuring | OutPut by Rig Lynx

June 22, 2018
| Archives

Summary Pacific Drilling reveals details of restructuring negotiations. Both Quantum Pacific and bondholders’ plan call for a wipe out of common equity, but provide an opportunity to invest in new equity along with major players. Pacific Drilling’s rigs may get jobs at the end of 2018/beginning of 2019. Pacific Drilling (OTCPK:PACDQ) has just filed a 6-K report revealing the new details of restructuring

Read More...

Mozambique blocks nearing legislation closure on new exploration model | OutPut by Rig Lynx

June 22, 2018
| Archives

Mozambique’s oil and gas regulator said exploration contracts for the nation’s fifth licensing round in 2015, which awarded blocks to companies including Exxon Mobil Corp. and Eni SpA, are close to being finalized. Winners of the bidding round have awaited legislation and a new model for exploration and production concession contracts, which should be resolved by July, Agostinho

Read More...

Anti-Exxon campaign takes a hit with leaked memo | OutPut by Rig Lynx

June 22, 2018
| Archives

A leaked memo obtained by the Daily Caller has suggested billionaire activist Tom Steyer was more deeply involved in the anti-Exxon campaign that was launched by New York’s Attorney General Eric Schneiderman back in 2015. The memo, which the Daily Caller cites in full, includes agenda items such as, “Weaken the political influence of the oil industry by leveraging the

Read More...

OPEC indecision possibility | OutPut by Rig Lynx

June 22, 2018
| Archives

Back in 2011, when OPEC met to discuss raising oil production to offset the drop in Libya, resulting from the civil war, Saudi Arabia’s Ali al-Naimi called it “one of the worst meetings ever.†That meeting ended without consensus and this is likely to happen again this week, when the cartel meets to discuss another production increase. The fault line

Read More...

First Oil Refinery in Mongolia | OutPut by Rig Lynx

June 19, 2018
| Archives

Mongolia will hold a ground-breaking ceremony for its first oil refinery in southeastern Dornogovi Province later this month, the country’s Foreign Ministry said Tuesday. The ceremony will take place on June 22 in Altanshiree soum (administrative subdivisions) of Dornogovi province, attended by Mongolian Prime minister Ukhnaa Hurelsukh and Indian Minister for Home Affairs Rajnath Singh, among other officials,

Read More...

Oil Price Differential, Who Wins? | OutPut by Rig Lynx

June 19, 2018
| Archives

A complex quandary is currently happening in the Permian Basin. Basis-differentials. In the energy sector, a basis-differential represents the difference in prices between locations. For example, the price received by a producer for a barrel of oil sold in Cushing, Okla., the WTI benchmark, is approximately $65. The price paid to sell that same barrel of oil

Read More...

Balmorhea, Love Hate Relationship with Oil and Gas | OutPut by Rig Lynx

June 19, 2018
| Archives

What is a reader to think when a newspaper story is accompanied by two almost diametrically-opposed headlines in the print and online editions? Readers of the San Antonio Express News were faced with that conundrum on June 15, when a story about how citizens in the West Texas town of Balmorhea were feeling about the development of the massive

Read More...

Nuclear, Still Viable of Course | OutPut by Rig Lynx

June 19, 2018
| Archives

Everybody wants to do something about nuclear waste. Nuclear plant operators and most House members want to bury it in Nevada. A bipartisan group of senators wants states to compete for it. And Bill Gates and other entrepreneurs want to reuse it as fuel in next generation reactors. Almost everybody is wrong to do so. Nuclear waste has never been

Read More...