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Oil & Gas Drilling

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Helmerich & Payne to buy MOTIVE Drilling for $75 mln payable at deal closing

Monday, 22 May 2017 03:15pm EDT

May 22 (Reuters) - Helmerich And Payne Inc :Helmerich & Payne Inc announces acquisition of MOTIVE Drilling Technologies Inc .Deal for $75 million.Deal includes up to an additional $25 million in potential earnout payments based on future performance during next few years .

China Oilfield Services updates on deposit and settlement agreement

Thursday, 27 Apr 2017 07:49am EDT

April 27 (Reuters) - China Oilfield 2883.HK:Entering into the deposit and settlement agreement .Expects to enter into a new deposit and settlement agreement with CNOOC Finance on 8 May 2017.

Savanna Energy Services announces Receipt of demand for payment of termination fee

Tuesday, 18 Apr 2017 01:55pm EDT

April 18 (Reuters) - Savanna Energy Services Corp :Savanna energy services - received demand from western energy for payment of termination fee in amount of $20 million pursuant agreement dated March 8, 2017.Says "Savanna is of view there is no basis for claim made by Western in notice".

Seventy seven extends deadline for warrant exercises

Monday, 10 Apr 2017 09:10pm EDT

Patterson-uti Energy Inc : Seventy Seven Energy extends deadline for warrant exercises . SSE was extending deadline for holders of its outstanding warrants to exercise those warrants in advance of consummation of merger .Do not believe that extension of this deadline will impact consummation of merger.

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