DRILLING FLUIDS MARKET ANALYSIS
Global Drilling Fluids Market: Key Developments
In May 2021, Baker Hughes Company entered into an agreement with Akastor ASA for a joint venture company bringing together Subsea Drilling System (SDS) business of Baker Hughes with MHWirth AS, a completely-owned subsidiary of Akastor. The new joint venture company will deliver a full service of offshore drilling equipment to offer a wide range of products and services to consumers.
In November 2021, Maersk Drilling, a Danish offshore drilling contractor and the Noble Corporation in the U.S. announced to signed a definitive agreement of merger in a primarily all-stock transaction to create a combined company having a 20 floaters and 19 jack-up rigs fleet.
In 2021, Newpark Resources Inc. introduced next generation high-performance water-based drilling fluids, including Nviros and Hydros specifically designed for leading the way in unconventional and conventional operations, respectively.
In February 2020, Schlumberger Ltd. received an engineering and supply contract from Noble Energy for a 2000-ton single-lift process module, which will be installed on the Leviathan Platform in the Eastern Mediterranean.
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