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$170bn higher this year than last year and calling for a reform? | OutPut by Rig Lynx

May 29, 2018

Oil prices may be showing someÂ signs of weaknessÂ these days, but they still remain higher than they have been for most of the past four years. That in turn prompts a perennial question for the oi-rich countries of the Middle East: whether they are willing and able to sustain their much-needed economic reform programs when there appears to

Canada Says, â€œWe Will Just Buy Itâ€ to Kinder Morgan | OutPut by Rig Lynx

May 29, 2018

| Archives

-Trudeau government expected to buy pipeline and expansion -Deal to be announced as soon as Tuesday, no value released Canada is likely to buyÂ Kinder Morgan Canada Ltd.â€™sÂ Trans Mountain oil pipeline and its controversial expansion project in a bid toÂ ensure it gets builtÂ amid fierce opposition, according to a person familiar with the talks. Buying the pipeline outright has become increasingly likely

European Oil Majors Total and BP â€œWill Notâ€ Test Sanction Waters with Iran | OutPut by Rig Lynx

May 29, 2018

| Archives

The worldâ€™s top oil trader said it will be near impossible to avoid U.S. sanctions on Iran, it may have a bigger impact on the global crude market than many anticipate. â€œFor us itâ€™s a real challenge,â€ Vitol Group Chairman Ian Taylor said on Friday at the St. Petersburg Economic forum, adding there are unanswered questions about Europeâ€™s

Eirik Raude Reactivation 110 Million, Potential Work? | OutPut by Rig Lynx

May 29, 2018

| Archives

Thereâ€™s probably much more behind Ocean Rigâ€™s recent spinoff of the Leiv Eiriksson and Eirik Raude than theyâ€™re telling us. Ocean Rig announced today that theyâ€™re selling their two harsh environment semisubs, Leiv Eiriksson and Eirik Raude, to a subsidiary called Valiant Offshore. According to the deal, Ocean Rig will receive $110 million from investors in Valiant and

IMO Low Sulfur Ruling Set for 2020, Guess Who Isnâ€™t Ready? | OutPut by Rig Lynx

May 28, 2018

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Iran and Venezuela have dominated the oil market discourse for a while and will continue to do so in the coming months. Fears of supply shortages amid a tighter market have stoked an oil price rally that sawÂ Brent CrudeÂ hitting $80 a barrel last week. But an upcoming regulation that analysts have called â€œthe biggest change in oil market

Geothermal and How It Works | OutPut by Rig Lynx

May 28, 2018

| Archives

What is geothermal energy? â€œIf you were to dig a big hole straight down into the Earth, you would notice the temperature getting warmer the deeper you go. Thatâ€™s because the inside of the Earth is full of heat. This heat is called geothermal energy,â€ the EPA explains in its Studentâ€™s Guide to Global Climate Change. Thatâ€™s the gist:

Wall Street Doesnâ€™t Back You? This Driller Doesnâ€™t Care | OutPut by Rig Lynx

May 28, 2018

| Archives

ExxonMobil, unlike most of its peers and competitors, has decided to ramp up spending and drilling on large-scale projects, to the dismay of its shareholders and Wall Street. The oil supermajor has been struggling with flat production for several years and it has also had trouble finding new reserves to replace the oil it extracts each year. Earlier

Ocean Rig Inks Up 3 Year + Deal for Leiv Eiriksson with Conoco | OutPut by Rig Lynx

May 28, 2018

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Offshore driller Ocean Rig has signed a master service agreement with ConocoPhillips Skandinavia for a term of three years plus two optional years. As part of the agreement, both parties signed a drilling program order for one firm well of about 90 days plus two options, for drilling offshore Norway, Ocean Rig informed on Monday. TheÂ drilling program order will

Russia and Saudi to Tap Additional 1 Million BPD? | OutPut by Rig Lynx

May 27, 2018

| Archives

OPECâ€™s largest producer Saudi Arabia and its key non-OPEC partner in the production cut deal, Russia, are discussing lifting the combined oil production of the countries from the pact by some 1 million bpd, potentially easing the cuts in response to supply concerns amid rising oil prices, ReutersÂ reportedÂ on Friday, citing sources familiar with the talks. This week is

ADES Purchases 3 â€œOperatingâ€ Jackups From Nabors | OutPut by Rig Lynx

May 27, 2018

| Archives

ADES International, a London-listed provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa, has secured a new loan from a Saudi bank to finance the acquisition of three jack-ups from Nabors and other potential deals. ADES said on Thursday that a SAR 525 million ($140 million) standby credit facility

Archives

$170bn higher this year than last year and calling for a reform? | OutPut by Rig Lynx

Canada Says, â€œWe Will Just Buy Itâ€ to Kinder Morgan | OutPut by Rig Lynx

European Oil Majors Total and BP â€œWill Notâ€ Test Sanction Waters with Iran | OutPut by Rig Lynx

Eirik Raude Reactivation 110 Million, Potential Work? | OutPut by Rig Lynx

IMO Low Sulfur Ruling Set for 2020, Guess Who Isnâ€™t Ready? | OutPut by Rig Lynx

Geothermal and How It Works | OutPut by Rig Lynx

Wall Street Doesnâ€™t Back You? This Driller Doesnâ€™t Care | OutPut by Rig Lynx

Ocean Rig Inks Up 3 Year + Deal for Leiv Eiriksson with Conoco | OutPut by Rig Lynx

Russia and Saudi to Tap Additional 1 Million BPD? | OutPut by Rig Lynx

ADES Purchases 3 â€œOperatingâ€ Jackups From Nabors | OutPut by Rig Lynx

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