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The company is gearing up to roll out its “rig of the future” next year as its Cameron Group looks for further subsea tieback growth opportunities.
The company reported a quarterly profit that topped analysts’ expectations on Oct. 20, helped by cost cuts and a ramp up in drilling activity in North America.
The company picks up TIW Corp., founded during the First World War, for its first acquisition since it was formed in 1981.
Halliburton, the world's second largest oilfield services provider, posted Oct. 19 a surprise quarterly profit, helped by higher cost cuts, and said it expected a rise in oil prices to boost rig count.
Oceaneering International said Oct. 17 it acquired the assets of Blue Ocean Technologies, which is a privately held provider of riserless light well intervention.
Frank’s International agrees to merger with Blackhawk Specialty Tools for $321 million in cash and stock.
The acquisition marks RockPile's first deal after being acquired by White Deer Energy on Sept. 8. Denver-based RockPile was a subsidiary of Triangle Petroleum, which filed for chapter 11 in June.
Based in Corpus Christi, Texas, Top Notch is a provider of thru tubing, fishing and milling services with operations across the Eagle Ford and Permian Basin markets.
Houston-based Patterson-UTI said it entered an agreement to acquire Warrior Rig, which designs, manufactures and services high-spec rig components with a recent focus on top drive technology for improved drilling performance.
Clariant is buying Kel-Tech Inc. of Midland, Texas, from private equity firm Arsenal Capital Partners and Irving, Texas-based X-Chem LLC from NCH Corp., with the deal to be completed on Oct. 1.
As global energy demand and oil price uncertainty linger, one of the world’s largest oilfield services companies is positioning itself for growth.
RockPile will move forward with a debt-free balance sheet and adequate capital to fund growth, according to a press release. In addition, RockPile's management team will remain intact.