<p>Drilling and engineering contractor KCA Deutag has been acquired by US driller Helmerich &#38; Payne (H&#38;P) for around $1.972bn. The deal will increase H&#38;P&#8217;s Middle East rig count to 88 from 12, making the combined company one of the largest rig providers in the region. The transaction, which will be funded with cash on hand &#8230;</p> </p><p><p>https://splash247.com/kca-deutag-acquired-by-helmerich-payne-in-2bn-deal/</p></p>