Nabors Takes to Global Expansion in 3Q as Rig Count Shrinks in Lower 48
Nabors Industries saw broad growth across key international geographies in third-quarter 2024, with more rig deployments expected.
BP Energy Partners Invests in Pipeline Inspection Company Novitech
BP Energy Partners will invest in Novitech, whose Micron Technology is a leading pipeline inspection technology in the energy industry.
Flowserve Closes $305MM Acquisition of MOGAS Industries
Infrastructure service company Flowserve Corp. has completed its acquisition of MOGAS Industries for $305 million.
Baker Hughes Defies Nature with an Upgrade to Ol’ Fashioned Cement
Baker Hughes’ InvictaSet uses regenerative capabilities to provide operators with a sustainable cement solution that can last for years.
Nabors Industries to Buy Parker Wellbore for $370MM
Nabors Industries Ltd. will buy Parker Wellbore for 4.8 million shares of Nabors common stock and assume an additional $100 million in debt as OFS companies continue to consolidate following a massive wave of E&P M&A since 2023.
E&P Highlights: Oct. 14, 2024
Here’s a roundup of the latest E&P headlines, including another delay at one of the largest gas fields in the world and two major contracts in West Africa.
Bowman Consulting to Manage, Monitor Delaware Basin Wells
Bowman Consulting Group’s scope of work includes conducting detailed field surveys of above-ground infrastructure assets across well sites of up to to 8 acres.
KBR Awarded Engineering, Procurement Contract by Shell
KBR said it will provide engineering and procurement services for Shell's onshore portion of Manatee gas field project in Trinidad and Tobago.
Atlas Commissions 42-mile Dune Express Conveyor, Lowers 3Q Guidance
Atlas Energy Solutions said its Dune Express proppant conveyor remains on time and on budget, but the company expects lower revenue and EBITDA for the third quarter.
Baker Hughes Lands Company’s Largest Compressor Line Order
Baker Hughes’ project includes 10 integrated compressor line units that will be installed at the Margham Gas storage facility in Dubai, United Arab Emirates.