National Energy Services Reunited Corp., an industry-leading provider of integrated energy services in the Middle East and North Africa and Asia Pacific regions, on Aug. 11 reported multiple contract awards in the United Arab Emirates (UAE) valued at up to $100 million for coiled tubing, nitrogen and stimulation services for a period of three years with two optional one-year extensions.
“NESR is pleased to further consolidate our presence in the United Arab Emirates, one of our founding countries in the Middle East and where we have longstanding history and deep roots. Such awards enable us to increase our contributions to the UAE economy through hiring and training local talent and broadening our investments in the UAE. NESR is continuously looking to expand its footprint as an active participant in the national in-country value program,” Sherif Foda, chairman of the board and CEO of NESR, said.
Whiting Petroleum, an oil and gas producer with operations in North Dakota and Colorado, is in deal talks with San Antonio-based Abraxas Petroleum, two people familiar with the matter told Reuters.
Nichols Brothers retained Continental Energy Advisors for the sale of operated assets in New Mexico, Oklahoma and Texas as part of a Chapter 11 bankruptcy.
Here’s a snapshot of energy deals from the past week including Williams’ $3.8 billion JV in the Marcellus/Utica and a Delaware Basin bolt-on by Contango Oil & Gas.