Archer Ltd. (ARCH.OL) agreed to buy UK-based well technology company isol8 to expand its plug business and its subsea and rigless plug and abandonment offering.
The Scottish company specializes in alloy-based barrier systems and advanced materials for well completions, intervention and plug and abandonment, according to a Friday release.
The Norway-listed drilling and well services group expects the transaction to close in the second quarter, subject to regulatory approvals.
Matador Resources Company (MTDR) said on Thursday it acquired 5,154 net undeveloped acres in the Delaware Basin for about $1.14 billion in a recent Bureau of Land Management oil and gas lease sale.CEO Joseph Foran said the acreage is located in the "'core-of-the-core' of the Delaware Basin" and would extend Matador's inventory while improving operating efficiencies and midstream value.
Euronext Oslo Børs approved the admission of Constellation Oil Services Holding's (COSH.OL) shares to trade on its platform, according to a Thursday release.The offshore drilling company is currently listed on Euronext Growth Oslo.