As August comes to an end so does week 35, here are your top posts for this past week, some good ones in there with Borr leading the pack as they have often done before here with OutPut and the birth of fracking. We see Borr as a significant player in the shallow water sector going into the future, they are making plays and signing contracts seems like every day and of course you know what fracking is doing for the US economy and world supply so that is no surprise!
So here we go, we start of with Borr landing some work for rest of 2018 and an LOI for 2019!
#1 (222 Views)
Borr lands follow up work for 2018 and an LOI for work starting in 2019
The company, owning 37 offshore rigs, on Thursday said the jack-up would work for Total in the Netherlands starting September. The rig’s previous contract with Perenco expired this month.
According to Bassoe Analytics, the two-month contract is with Total in the Netherlands starting on September 25, 2018, ending late in November. Total will have an option to extend the contract further for the 1982-built rig…. (story continues here)
#2 (200 Views)
20 years ago, this domestic U.S. energy changing event was born
The anniversary of a world-changing event passed the first of August that did not get nearly enough attention in the press. It clearly was a market-changing event, or I would not be writing about it. But I also mean exactly what I say – that it was a world-changing event as well. The geopolitical implications, environmental implications, and yes, market and economic implications, of the event I refer to are all nearly impossible to exaggerate. The event I refer to is the drilling of the first well which would use hydraulic fracturing to crack shale rock, thereby releasing the gas beneath the rock. Put differently, it was 20 years ago that “fracking†was born. (story continues here)
#3 (198 Views)
8 Oil and Gas Industry Predictions
As oil prices tentatively recover from the 2014 crash and investments in alternative renewable energy sources gain momentum, oil and gas companies need to innovate to stay competitive and keep the fuel flowing. Offshore Technology asks industry experts for their insight into how technological advancements will shape the future of oil and gas. (story continues here)
#4 (195 Views)
Got a new idea on recycling frac water? Its an emerging $22 Billion dollar industry
In the dry, dusty plains of West Texas, home to America’s most prolific oil play, the problem isn’t too little water, it’s too much of it.
Just ask Will Hickey, the 31-year-old chief executive officer of Colgate Energy.
Standing on a 26-foot high rig platform in Texas’s Reeves County, Hickey watches as contractors maneuver drilling pipe almost 10,000 feet underground in search of oil. Just a half-mile away, another rig is equally hard at work. But this one, operated by WaterBridge Resources LLC, isn’t seeking oil. It’s making a hole to dispose of the vast amount of water generated from local wells. (story continues here)
#5 (187 Views)
Happy 23rd Birthday Dual Activity, you are still defining the market today
As we see all of the recent reports of drilling activities picking up in selected basins, the deepwater contractors are still huddled around the table, at the end of each quarter, with their red pens out making cuts, even 4 years later, they are still not seeing the light at the end of the tunnel.
This is mainly due to two reasons:
- Market oversupply of vessel specification
- Available opportunities
The first is the hefty one, the second is standard market recovery muddle but for all deepwater contractors the first bullet point sticks hard because of technical specifications of a technology that began 23 years ago called “Dual Activityâ€. (story continues here)
Alright, that’s this week wrapped up!
Have a good week ahead from all of us here at OutPut!
Check out our other current stories, we dare you…
