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The ominous conversation of $100 oil continues to weight in the background, this weeks top post covers a bit about the Brent jumping back and forth this past Monday, only time will tell, much a foot geo political driving this.
We say goodbye to the Jasper Explorer this past week, a long career behind that rig spanning 45 years!
Fieldwood is in here with a potential IPO after their bankruptcy less than a year ago, some serious work done there!
The Marsk Viking has landed a contract pulling that rig out of warm stack and the Bakken is making some new moves against all of the throat choke in the Permian!
Scroll through, leave us some comments or hey, go download the Rig Lynx app and make some new friends, its the world’s largest Oil and Gas community on iOS and Android mobile devices, can download it here!
So here we go, we start off with $100 oil!
Major oil trading houses are predicting the return of $100-crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports.
With Brent crude already jumping to an almost four-year high on Monday, that’s exactly the kind of price surge President Donald Trump has been seeking to prevent by pressuring the Organization of Petroleum Exporting Countries to raise production. Yet the cartel and its allies gave mixed signals at a meeting in Algiers on Sunday, ultimately showing little sign they would heed U.S. demands to rapidly push down crude prices. (story continues here)
Offshore rig broker Bassoe Offshore has informed that the Jasper Explorer drillship has been sold for scrap.
Data on Bassoe Analytics website shows the Jasper Explorer was sold to GMS for $6.3 million earlier in September.
The “Jasper Explorer†was built in Jan 1973 by IHC Gusto Engineering Netherlands under the name of Havdrill.
Fieldwood Energy, an offshore oil and gas explorer that emerged from bankruptcy in April, is weighing an initial public offering, according to people familiar with the matter.
The Houston, Texas-based company is exploring filing a public offering in early 2019 that could value the company at more than $5 billion, said one the people, who asked to not be identified because the matter isn’t public. (story continues here)
Aker Energy and Maersk Drilling have agreed upon a new contract that will send deepwater drillship Maersk Viking from the Gulf of Mexico to Ghana to start drilling an appraisal well during fourth-quarter 2018.
Maersk Drilling has signed a contract with Aker Energy for Maersk Viking, an ultra-deepwater drillship, to drill the Pecan-4A appraisal well offshore Ghana. The contract covers one firm well with an expected duration of 30-35 days, with options for additional wells. The contract is expected to commence in fourth-quarter 2018. Maersk Viking is currently warm-stacked in the Gulf of Mexico and will imminently commence its voyage to Ghana. (story continues here)
After months of being the red-headed stepchild to the Permian, the Bakken shale play is getting a resurgence.
Crude oil production in North Dakota reached an all-new high for the second time this year in July, averaging 1.27 million barrels per day, according to the most recent figures available. Monthly oil production in July was 39.35 million barrels.
Wood Mackenzie broke down some key factors that are attracting investments to the Bakken and nearby Three Forks formation (located just below the Bakken). (story continues here)
Alright, that’s this week wrapped up!
From all of us here at OutPut- Have a great weekend and stay safe!
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