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Guyana on top of a $20 Billion oil and gas mountain | OutPut by Rig Lynx

Guyana is a vast, watery wilderness with only three paved highways. There are a few dirt roads between villages that sit on stilts along rivers snaking through the rain forest. Children in remote areas go to school in dugout canoes, and play naked in the muggy heat. Hugging the coast are musty clapboard towns like […]

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Government mandate cancellation of all CHC Helicopter contracts | OutPut by Rig Lynx

Equatorial Guinea has mandated all oil companies operating within its territory to cancel any contracts with CHC Helicopter, after accusing the helicopter operator of failing to comply with the country’s national content regulations. Minister Gabriel Mbaga Obiang Lima said he “will not hesitate to enforce the law to ensure compliance” with a national content regulation. […]

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Transocean grabs 13 well contract with ConocoPhillips for the 712 | OutPut by Rig Lynx

Transocean Ltd. announced Monday that the midwater semi-submersible Transocean 712 has been awarded a 13 well UK North Sea contract by ConocoPhillips. The contract, which is scheduled to commence in March 2019, also includes a one well option. The estimated firm contract backlog is approximately $75 million. Earlier this month, ConocoPhillips announced that it had entered into an agreement […]

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Petroteq gearing up to unlock the Uinta Basin in Utah | OutPut by Rig Lynx

On hot days in Utah’s Uinta basin, rocks weep oil. Rivulets of black tar hint at the untapped riches within. Taken in hand, the stone crumbles, as warm and waxy as fresh asphalt. The prospect of unlocking those riches has drawn a motley bunch to this desert outside of Vernal, not far from the Colorado […]

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Noble lands 3 new contracts with Encana and Total | OutPut by Rig Lynx

Offshore driller Noble Corporation has been awarded contracts for its jack-up drilling rigs in Canada, Denmark and the UK. In its latest fleet status report issued on Thursday Noble said that the 2013-built jack-up rig Noble Regina Allen has been awarded a contract with Encana for operations offshore Canada. The contract starts in mid-January 2020 with an […]

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Premier and Talos pick up the Ensco 8503 | OutPut by Rig Lynx

A semi-submersible drilling rig that last year helped find the two-billion barrel Zama discovery, in what was Mexico’s first private offshore well in history, is set to return to the Mexican waters where the operator will be working to learn more about the discovery ahead of the final investment decision in 2019. In an operational update […]

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Saudi investing $10 billion in this country’s energy future | OutPut by Rig Lynx

Saudi Arabia will invest at least $10 billion in South Africa, mostly in the energy sector, including building oil refineries, the spokeswomen for South Africa’s president Cyril Ramaphosa said on Thursday. The move is part of Ramaphosa’s drive to attract $100 billion in investment to boost the ailing economy. The pledge was made by Saudi […]

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Deepwater starts to take their place at the table again | OutPut by Rig Lynx

As this column goes to press, the world oil price is well north of $70 a barrel, a long way from the nadir of $30 a mere 30 months ago. So the oil forecaster’s parlor game is again in full swing. Will we see a return to the $150 barrel, the peak last experienced in […]

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Weatherford clawing back cash with sale of 31 rigs to ADES | OutPut by Rig Lynx

Financially struggling oilfield services firm Weatherford International finally has found a buyer to acquire its Middle East onshore drilling rig business for $287.5 million as part of its long-term divestiture plans. Weatherford, which is based largely out of Houston, has aimed to sell the business since early 2017. ADES International Holding, a company in the […]

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China DPG stops import of U.S. crude and turns to Iran | OutPut by Rig Lynx

An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, media reports, citing an official from the refiner, Dongming Petrochemical Group. What’s more, the source said that Beijing is planning to slap tariffs on U.S. crude oil imports and replace […]

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