Rice Brothers Look To Transform Industry Through Fracking Software Investment
Rice Investment Group recently closed on an investment in Cold Bore Technology, a fracking software company the brothers behind Rice Energy see electrifying the oil field.
Weatherford Shares Sink On Cash Flow Miss, Bleak Fourth-Quarter Outlook
Shares of U.S. oilfield services provider Weatherford International fell sharply after the company's free cash flow and fourth-quarter guidance fell below analysts' expectations.
Quantum-backed Premium Oilfield Technologies Acquires Cutter Drilling Systems
Premium Oilfield Technologies said it completed the acquisition of Cutter Drilling Systems, which provides rotary control head diverter service in the heart of the Permian Basin in West Texas.
DUG Eagle Ford: All-electric Stimulation Fleets Lower Costs In Oil Patch
E&P players share their perspectives on an all-electric well stimulation fleet and operations philosophies.
Blackstone Confirms Purchase Of Ulterra From American Securities
Blackstone Energy Partners said it will buy Ulterra Drilling Technologies from American Securities, confirming reports of the deal earlier this week citing unnamed sources.
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H20 Midstream, Legacy Reserves Sign Services Agreement For Permian Water Needs
The agreement expands on third-party produced water delivery services H20 Midstream is already providing to Legacy Reserves for its Permian Basin operations.
Aker Solutions Wins Subsea Order For Lingshui Field Development In China
Aker Solutions said Oct. 23 it has received a notification of award for orders valued at more than NOK 1.7 billion (US$204 million) from the China National Offshore Oil Corp. (CNOOC) to provide the subsea production system and umbilicals for the Lingshui 17-2 gas field.
TechnipFMC Snags Contract For Exxon Mobil’s Liza Phase 2 Project
TechnipFMC (NYSE: FTI) has been awarded a contract by an affiliate of ExxonMobil Corp. (NYSE: XOM) for the engineering of the subsea system for the proposed Liza Phase 2 project, the company said on Oct. 23.
KLX Energy Services Enters Coiled Tubing Market With Motley Acquisition
KLX Energy Services said it will enter the coiled tubing market through the acquisition of Motley Services LLC in a cash-and-stock transaction worth $148 million.
Weir Reportedly Launches Sale Of Flow Control Business
British engineer Weir launched the sale of its flow control business expected to generate more than 300 million pounds (US$389 million), Reuters reported citing two unnamed sources.