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Global and Regional Markets

Baker Hughes’ Subsea Drilling Systems and Akastor’s MHWirth complete merger to form HMH

The merger of Baker Hughes’ Subsea Drilling Systems business and Akastor’s wholly owned subsidiary MHWirth has been completed to form a global offshore drilling equipment company. The new company will be known as HMH. As previously announced, Baker Hughes and Akastor own equal equity in the company. HMH combines integrated delivery

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Parker Drilling, subsidiaries launch integrated company as Parker Wellbore

The "re-energized integration" of Parker Drilling, Quail Tools and iTS Energy will deliver drilling operations and management services to the North Sea and the US Gulf of Mexico, alongside previously established operations in the Arctic, Sakhalin Island and Atlantic Canada. The company will also target geothermal opportunities in Indonesia and East Africa.

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Frontera, CGX: Kawa-1 exploration well offshore Guyana progressing on target

As of 23 September, the well has achieved the planned casing point at a total depth of 9,900 ft. Crews have successfully run and cemented the 18-in. casing - the third of five planned casing strings - and are now currently drilling the next hole section below the current last casing point. The well is expected to reach total depth in December.

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BP achieves early first gas at Matapal in Trinidad

Matapal is expected to deliver 250-350 million standard cu ft/day into the Trinidad gas market from resources discovered by the Savannah exploration well drilled in 2017, the operator said in a statement. Gas from this project will be pooled with production from other BP fields to be used as feedstock for the country’s ammonia, methanol and LNG plants, as well as for power generation.

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