Texas upstream news
Rival Downhole Tools acquires operating assets of Hunting Energy Services
The deal is expected to provide the catalyst for future international expansion in the Middle East and, in particular, Saudi Arabia.
Pioneer Natural Resources to acquire Parsley Energy
Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately US$4.5 billion.
C-Innovation acquires Caltex Oil Tools
C-Innovation has acquired the controlling interest in Caltex Oil Tools, which provides equipment rentals, services and customised engineering capabilities to the offshore industry.
Halliburton and Honeywell collaboration to improve asset productivity
The collaboration will leverage Halliburton Landmark’s DecisionSpace® 365 E&P cloud applications and Honeywell Forge.
NOV announces 2Q20 results
The company reported a net loss of US$93 million for 2Q20.
Schlumberger posts 2Q20 results
Schlumberger has reported its second straight quarterly loss after recording US$3.7 billion in impairment and restructuring charges.
Halliburton reports net loss in 2Q20
Halliburton has announced a net loss of US$1.7 billion for 2Q20, compared to a net loss for 1Q20 of US$1 billion.
Chevron to acquire Noble Energy
The acquisition of Noble Energy provides Chevron with offshore assets in Israel and enhances Chevron’s US unconventional position with acreage in the DJ Basin and 92 000 largely contiguous and adjacent acres in the Permian Basin.
Chesapeake Energy files for bankruptcy protection
The shale company has voluntarily filed for Chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas.
Proserv to manufacture and supply subsea controls for Dril-Quip
The agreement also establishes a framework where Proserv and Dril-Quip may pursue joint marketing and collaboration efforts, with Dril-Quip providing subsea trees and Proserv providing subsea controls.