Month: March 2022

The deal brings over coiled tubing units and related equipment from STEP Energy Services’ U.S. coiled tubing, fluid and nitrogen pumping, and well services operations, paid for with revolver-funded cash and about 307,500 Ranger shares.

Federal officials have proposed a March 2027 offshore oil and gas lease sale covering 1.05 million acres and 224 blocks in Alaska’s Cook Inlet, with a proposed 12.5% royalty rate.

SLB has commissioned a new liquid mud plant in Pemba, Mozambique, adding 21,000 bbl of drilling and completion fluids storage capacity to support growing offshore activity.

Transocean has added approximately $1.1 billion to its firm drilling backlog, including final approval of a $1 billion Equinor agreement and a new $62 million Shell contract offshore Norway.

EnerMech has secured a Subsea7 contract to provide pipeline testing and pre-commissioning services for the Ginger subsea development offshore Trinidad and Tobago.

Drilling Tools International will acquire Saltire Energy and Foxley Energy for $80 million in cash plus stock, expanding its North Sea presence and lifting Eastern Hemisphere revenue exposure to approximately 40%.

SLB has secured a 15-year agreement to deploy its DrillPlan technology across TotalEnergies’ global upstream portfolio, integrating subsurface data with digital well planning and engineering workflows.

Crescent Energy will acquire Devon Energy’s Eagle Ford assets in a $4.2 billion cash deal, adding 68,000 boed of production and more than 600 drilling locations in Texas.

Sri Lanka is seeking international E&P bidders for four offshore blocks covering nearly 34,000 km² in the Mannar basin, with bids due Feb. 2, 2027.

H&P will deploy seven additional FlexRobotics systems for ExxonMobil over the next 12 months, expanding the drilling automation technology from two systems to nine.