Drilling & production

AccuWeather’s?preliminary estimate?of the total?damage?and economic loss from Hurricane Francine in the USA is US$9 billion.

The transaction comprises US$461 million in cash and around 10.1 million OpCo units, with the equity portion valued at roughly US$456 million.

SCF Partners, Inc. acquires Newpark Fluids Systems business from Newpark Resources Inc.

Diamondback Energy has completed the merger with Endeavor Energy Resources, creating a leading operator focused on the Permian Basin.

Li Xing Gan Financial Markets Strategist at Exness says oil prices have paused their decline due to concerns over Hurricane Francine.

Aramex UK has opened a new branch in Aberdeen as it looks to enhance service for oil and gas clients.

Transocean Ltd. has announced a 365 day contract for the Deepwater Atlas with bp in the US Gulf of Mexico.

The latest agreement builds upon a ten-year collaboration that has seen bp deploy Palantir’s technology in its oil and gas production.

Newly released Recoverable Abandonment Frame technology could reduce abandonment costs by £20 million per well and cut project timelines by 50%.

GlobalData reports energy ministers in Kazakhstan have requested that planned maintenance on the country's giant oilfield be delayed as the risk of gas shortages during the winter months looms large.

The contract, valued at around Rs14.02 billion (US$167 million), is for production enhancement operations at ONGC's mature fields in the Rajahmundry asset.

GDEP update: 22 of its 2500Q HDF quintuplex pumps have all exceeded 10 000 pumping hours.

The North Sea Transition Authority (NSTA) is calling on operators to increase their well intervention activity and will host a supply chain and operator workshop later this year.

Africa Oil has announced the completion of Africa Oil SA Corp.’s strategic farm down agreement with TotalEnergies EP South Africa S.A.S. and QatarEnergy International for the Orange Basin Block 3B/4B, offshore South Africa.

Iraq’s upstream sector is undergoing rapid change, with an increasingly diverse corporate ecosystem, and significant investment being funneled into boosting oil and gas production.