Helmerich & Payne

H&P pumps $33 million into LNG firm Galileo Technologies, supporting technology focused on decarbonization of the energy supply chain.

ADNOC will purchase eight FlexRigs while H&P invests in ADNOC Drilling’s planned public offering.

A $3-million investment by a climate fund founded by TED curator Chris Anderson and an additional $2-million investment by a subsidiary of Helmerich & Payne will fund a hybrid CLG/EGS demonstration well in Texas. Drilling could begin this summer.

Leaders from two large US onshore rig contractors said their expectations that the rig-count slide would hit a second-quarter bottom were off and are now refraining from making new predictions as to when it will end.

Helmerich & Payne’s first 100 years have required constant reinvention. Now the company hopes its new drilling software platform built on the acquisitions of two startups will propel it through the next century.