(NULL)
deal
Posted inProducts & Services
Proserv and Synaptec sign strategic alliance agreement
The arrangement will lead to the roll-out of multiple technologies applicable to several energy sectors, including offshore wind and upstream oil and gas.
Posted inProducts & Services
Upstream oil and gas M&A and capital raising deals totaled $130.5bn in Q2 2019
The figure increasing dramatically from the $27.8bn total for global mergers and acquisitions in Q1 2019
Posted inProducts & Services
Reliance stake sale to Saudi Aramco and BP will reduce leverage, a credit positive: Moody’s
Stake sales are in line with the company’s plan to reduce net debt to zero by March 2021
Posted inProducts & Services
DP World ‘in advanced discussion’ to acquire Topaz Energy
This would end plans for an initial public offering for Topaz Energy
Posted inProducts & Services
MKM Commercial Holdings acquires Raycom Engineering Systems
Raycom Engineering Systems has been providing services in the Middle East to the regional oil and gas industry since 2006
Posted inProducts & Services
EnerQuip inks $850,000 Middle East contract
The deal will see an oilfield services company supply a set of self-sufficient, containerised workshops for Kuwait
Posted inPeople
Deep Casing Tools expands Middle East presence with $1.5mn contract with regional NOC, new appointments
Following the appointment of Deep Casing Tools’ Saudi-based regional manager, the company has made moves to expand its presence in the Middle East
Posted inDRILLING & PRODUCTION
Weatherford completes $92.5mn sale of Saudi Arabia land drilling rigs
The sale is part of a larger, $287.5mn sell-off of land drilling rig operations in Algeria, Kuwait, Saudi Arabia and Iraq
Posted inDRILLING & PRODUCTION
Saudi Aramco awards BHGE major well services contract for conventional fields
Conventional stimulation and well-testing contract will enhance production from new and existing wells for up to five years