Brazil’s Petrobras plans to hire 40 deep and ultradeepwater rigs by 2017. That’s good news for drilling and oilfield services companies, although it’s not entirely clear what Brazil’s state-run oil company has in mind.
“We’re investigating the (1) expected mix of existing, already under construction, and yet-to-be-ordered rigs; (2) expected mix of drillships and semis; (3) [...]

Oilfield services company Halliburton Inc. is expected to decide this week if it will launch a $3.5 billion counteroffer for its U.K. rival Expro International Group PLC, according to the Daily Telegraph. Halliburton has been conducting due diligence on the company since Expro agreed to accept a $28-per-share takeover offer from a consortium made up [...]

Mesa Power, a renewable energy company founded by billionaire Texas oilman T. Boone Pickens, placed an order for 667 wind turbines from General Electric Co. as part of a $2 billion startup of what is slated to become the world’s largest wind farm.
“You find an oilfield, it peaks and starts declining, and you’ve got to [...]