Rival Downhole Tools acquires operating assets of Hunting Energy Services
The deal is expected to provide the catalyst for future international expansion in the Middle East and, in particular, Saudi Arabia.
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The deal is expected to provide the catalyst for future international expansion in the Middle East and, in particular, Saudi Arabia.
Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately US$4.5 billion.
C-Innovation has acquired the controlling interest in Caltex Oil Tools, which provides equipment rentals, services and customised engineering capabilities to the offshore industry.
The collaboration will leverage Halliburton Landmark’s DecisionSpace® 365 E&P cloud applications and Honeywell Forge.
The company reported a net loss of US$93 million for 2Q20.
Schlumberger has reported its second straight quarterly loss after recording US$3.7 billion in impairment and restructuring charges.
Halliburton has announced a net loss of US$1.7 billion for 2Q20, compared to a net loss for 1Q20 of US$1 billion.
The acquisition of Noble Energy provides Chevron with offshore assets in Israel and enhances Chevron’s US unconventional position with acreage in the DJ Basin and 92 000 largely contiguous and adjacent acres in the Permian Basin.
The shale company has voluntarily filed for Chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas.
The agreement also establishes a framework where Proserv and Dril-Quip may pursue joint marketing and collaboration efforts, with Dril-Quip providing subsea trees and Proserv providing subsea controls.
The system, initially delivered in the Intervention Riser System (IRS) configuration, provides a 6-3/8 in. through bore and is suitable for all types of well intervention operations up to 15 000 psi and in water depths up to 10 000 ft.
The agreement between the two companies includes the reprocessing and imaging of over 5000 miles2 of multi-client seismic data.