$NBR (Nabors Industries Ltd.)

$NBR {{ '2015-06-24T13:28:30+0000' | timeago}} • SEC

$NBR 1Q15 10-Q: On March 24 2015, NBR completed merger of Completion & Production Services with CJES; received total consideration comprised of approx. $693.5MM in cash & approx. 62.5MM common shares in CJES, representing approx. 53% of outstanding & issued common shares of CJES. NBR account for investment in CJES under equity method of accounting.

$MDR {{ '2018-01-05T13:16:20+0000' | timeago}} • Announcement

Oilfiled technology company $MDR has appointed Ian Prescott as VP of Asia region, effective January 8. He succeeds Hugh Cuthbertson who will be retiring soon. Most recently, Ian served SNC-Lavalin as SVP and Director of Asia Pacific. Earlier, he held leadership positions in PAE plc and Aker Kvaerner.

$MDR {{ '2017-12-22T13:50:10+0000' | timeago}} • Announcement

$MDR, a technology company in the energy industry, received a major contract from Maersk Oil to provide engineering, procurement, construction and commissioning services for the Tyra Redevelopment project in North Sea. Work under the contract is expected to start early next year, and the lump sum will be reflected in McDermott’s 4Q17 backlog.

$WPX {{ '2017-12-21T20:19:34+0000' | timeago}} • Announcement

$WPX closed the divestiture of its legacy natural gas position in the San Juan Basin for $169MM. This includes WPX’s operated and non-operated gas properties in the basin. This does not include WPX’s oil operations in the basin’s Gallup play. $WPX expects to finish 2017 with about $200MM cash on-hand and no borrowings against its credit revolver.

$MDR {{ '2017-12-18T22:40:44+0000' | timeago}} • Announcement

$MDR and $CBI agreed to combine in a transaction that is expected to be cash accretive, excluding one-time costs, within the first year after closing. It is also expected to generate annualized cost synergies of $250MM in 2019. This is in addition to the $100MM cost reduction program that $CBI expects to have fully implemented by the end of 2017.

$MDR {{ '2017-12-18T22:40:30+0000' | timeago}} • Announcement

$MDR and $CBI have agreed to merge. $MDR shareholders will own approx. 53% and $CBI shareholders will own approx. 47% of the combined company. On a pro forma combined basis, $MDR and $CBI would have combined revenues of approx. $10Bil and a backlog of approx. $14.5Bil.

$MDR {{ '2017-12-18T22:40:13+0000' | timeago}} • Announcement

$MDR and $CBI have agreed to combine in an all-stock transaction. $CBI shareholders are entitled to receive 2.47221 shares of $MDR common stock for each share of $CBI common stock owned. The estimated value of the transaction is approx. $6Bil. The deal is expected to be completed in 2Q18.

$NBR {{ '2017-12-15T14:58:15+0000' | timeago}} • Announcement

$NBR said it has completed the previously announced acquisition of $TESO. Nabors acquired all common shares of Tesco in an all-stock transaction. Tesco shareholders will receive 0.68 common shares of Nabors for each share of Tesco stock owned. With the completion of the transaction, Tesco common stock has ceased trading on the NASDAQ Stock Market.

$HP {{ '2017-12-08T15:54:15+0000' | timeago}} • Announcement

$HP acquired Magnetic Variation Services LLC (MagVAR). Founded in 2010, MagVAR will maintain its headquarters in Westminster, Colorado. $HP closed its acquisition of MOTIVE Drilling Technologies Inc. in June 2017.

$NBR {{ '2017-12-04T13:01:28+0000' | timeago}} • Announcement

$NBR and $TESO provided a status update of the previously announced acquisition of $TESO by $NBR. Tesco shareholders approved the Arrangement pursuant to which Nabors will acquire all of Tesco's common shares in a stock-for-stock transaction. The companies expect the closing of the transaction to occur by year-end.

$INT {{ '2017-12-04T12:53:38+0000' | timeago}} • Announcement

$INT's BoD declared a quarterly cash dividend of $0.06 per share. The dividend is payable on Jan. 5, 2018 to shareholders of record on Dec. 15, 2017.

$NBR {{ '2017-12-04T11:51:25+0000' | timeago}} • Announcement

$NBR announced commencement of operations of Saudi Aramco Nabors Drilling Co. (SANAD), the previously-announced 50/50 joint venture between Saudi Aramco and $NBR. $NBR and Saudi Aramco have agreed that SANAD will purchase and operate 50 locally-sourced newly constructed rigs over a ten year period, at defined contracted economics.

$WPX {{ '2017-12-01T17:17:21+0000' | timeago}} • Announcement

$WPX appointed Clay Gaspar as president effective Dec. 1, 2017, in addition to his current role as its COO. Gaspar and the balance of $WPX's senior leadership will continue reporting directly to Rick Muncrief, $WPX's chairman and CEO.

$TESO {{ '2017-11-28T13:25:47+0000' | timeago}} • Announcement

$TESO provided an update on the previously announced combination of the company with $NBR. The approval process with the Federal Antimonopoly Service of the Russian Federation, which was initiated on Oct. 10, 2017, remains ongoing. It is now expected that the arrangement will become effective in December 2017.

$UNT {{ '2017-11-27T15:39:49+0000' | timeago}} • Announcement

$UNT named Les Austin as Senior Vice President and Chief Financial Officer, effective immediately. The position was held by David T. Merrill, who was promoted to Chief Operating Officer in August 2017.

$HP {{ '2017-11-16T13:55:11+0000' | timeago}} • Infographic

$HP Helmerich & Payne Inc. Earnings AlphaGraphic: Q4 2017 Highlights

$HP {{ '2017-11-16T12:10:13+0000' | timeago}} • Announcement

As of Nov. 16, 2017, $HP said its existing fleet includes 350 land rigs in the U.S., 38 international land rigs, and eight offshore platform rigs. The company’s global fleet has a total of 388 land rigs, including 373 AC drive FlexRigs.

$HP {{ '2017-11-16T12:09:33+0000' | timeago}} • Announcement

$HP expects 2018 capital expenditures of $250-300MM and depreciation to decline by about 4% to about $560MM. General and administrative expenses are expected to increase by about 9% to about $165MM.

$HP {{ '2017-11-16T12:05:04+0000' | timeago}} • Announcement

$HP said International Land operations had a operating loss in 4Q17 compared to profit last quarter. This was due to the absence of retroactive revenues included in the previous quarter, which favorably impacted 3Q by about $10.7MM due to the effect of a customer's withdrawal of an early termination notice.

$HP {{ '2017-11-16T12:02:23+0000' | timeago}} • Announcement

$HP said segment operating income for Offshore operations for 4Q17 decreased 22% sequentially primarily as a result of adjustments to self-insurance reserve charges related to management contracts during 4Q. Management contracts on customer-owned platform rigs contributed about $2.5 million to the segment's operating income.

$HP {{ '2017-11-16T11:53:43+0000' | timeago}} • Announcement

$HP said segment operating loss for U.S. Land operations for 4Q17 narrowed by $4MM sequentially. This was due to an increase in quarterly revenue days and a higher average rig margin per day. This was offset by non-cash charges for abandonments of used drilling rig components related to rig upgrades.

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