American Helmerich & Payne Acquired the Scottish Drilling Company KCA Deutag for $ 1.97 Billion
The American drilling company Helmerich & Payne announced the acquisition of KCA Deutag International, a Scottish company engaged in ground and sea drilling, engineering and technology. The amount of the transaction amounted to $ 1.97 billion. The activities of the Scottish KCA Deutag are applied to 26 countries, the company …
American Oilfield Services Company Turns Its Gaze to the Middle East
On the eve, the American drilling rig manufacturer Helmerich & Payne announced plans to acquire British competitor KCA Deutag International Ltd., which has enough projects in the Middle East. Helmerich & Payne is not one of the “big four” oilfield services companies, for it the acquisition of a company for …
Westwood Energy Predicts Stagnation in the Drilling Market
Westwood Energy predicts a decline in global demand for onshore drilling rigs. On average, oilmen will use 4,413 rigs this year, which is 6% lower than the forecast made by experts at the end of last year. The drop is due to stagnant oil prices and high costs of servicing …
Parker Wellbore, a Global Wellbore Construction Expert, Announces a Strategic Partnership with Helmerich & Payne (H&P) and Acquires all of H&P’s Casing Running Assets
Parker Wellbore and Helmerich & Payne have entered into a Strategic Partnership agreement. This partnership aligns with both companies’ strategic plans in the U.S. land tubular and casing running services (TRS) market. The agreement with H&P, the largest U.S. drilling solution provider, accelerates Parker Wellbore’s TRS growth strategy in the …