June 13, 2018 – OutPut
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Day: June 13, 2018

Shelf Expanding the Fleet? | OutPut by Rig Lynx

Shelf Expanding the Fleet? | OutPut by Rig Lynx

OSLO, June 12 – Shelf Drilling, the world’s largest contractor of shallow water rigs, plans to add one or two premium rigs to its fleet after announcing plans for an initial public offering on the Oslo bourse, the firm said on Tuesday. The Dubai-headquartered company plans to raise $200-250 million via a new offer, pricing […]

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Exploration Hungry for Super-Spec Rigs | OutPut by Rig Lynx

Exploration Hungry for Super-Spec Rigs | OutPut by Rig Lynx

Oil drillers added more rigs in the U.S. this week, undaunted by pipeline bottlenecks that are hindering efforts to ship crude from the nation’s busiest field. U.S. working oil rigs rose by one this week to 862, the highest since March 2015, according to data from Baker Hughes. The American rig fleet has expanded on […]

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The Gap from the Permian to the Coast | OutPut by Rig Lynx

The Gap from the Permian to the Coast | OutPut by Rig Lynx

(Bloomberg Opinion) — Energy dominance carries its own backlash, it turns out. Ground zero is the Permian basin in west Texas, where oil production has run ahead of pipeline capacity to get it to market, forcing some U.S. barrels to price at wide discounts. Thankfully, new pipelines should fix the problem by early 2020. Apparently, […]

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