Liberty Energy Warns of ‘Softer’ E&P Activity to Finish 2024
Service company Liberty Energy Inc. upped its EBITDA 12% quarter over quarter but sees signs of slowing drilling activity and completions in the second half of the year.
Detechtion Acquires Software Solutions Company EZ Ops
The acquisition of EZ Ops plans to enhance Detechtion’s presence in field service management and complements its Fieldlink product, which serves producers and service companies in inspection and maintenance.
US Silica Investors OK Apollo’s $1.85B Take-private Deal
U.S. Silica stockholders approved a $1.85 billion all-cash deal with Apollo Global Management, a transaction that will take publicly traded proppant services provider private.
NSTA Opens Investigations into UK North Sea Decommissioning Delays
The North Sea Transition Authority is investigating missed deadlines for well decommissioning projects on the U.K. Continental Shelf that have already increased forecast P&A costs to $31 billion between 2023 and 2032.
ProFrac, IWS Taking the Garbage Out of Oilfield Data Transfer
ProFrac and Intelligent Wellhead Systems’ MQTT protocol promises to speed up communications at the frac site, not only by saving costs but laying the foundation for future technological innovations and efficiencies in the field, the companies tell Hart Energy.
Texas Restaurants Sue Utility CenterPoint Over Response to Hurricane Beryl
Restaurants in Houston and nearby regions filed a class action lawsuit, collectively seeking over $100 million, against U.S. power producer CenterPoint Energy Inc. for lack of power following Hurricane Beryl.
Solaris Stock Jumps 40% On $200MM Acquisition of Distributed Power Provider
With the acquisition of distributed power provider Mobile Energy Rentals, oilfield services player Solaris sees opportunity to grow in industries outside of the oil patch—data centers, in particular.
E&P Highlights: July 10, 2024
Here’s a roundup of the latest E&P headlines including TotalEnergies exiting South Africa to focus on opportunities in Namibia.
MOGAS Wins Multimillion Contract for Aramco-backed S-Oil
MOGAS said the contract is part of S-Oil backer Aramco's largest investment in South Korea.
Oceaneering Awarded Multiple GoM Vessel Services Contracts
Oceaneering also secured two separate pricing agreements that include the use of new technologies from its integrated, customizable IMR service.