Delphi Energy Continues to Innovate Its Frac Design at Bigstone and Expands Drilling Program

CALGARY, ALBERTA--(Oct 8, 2015) - Delphi Energy Corp. (DEE.TO) ("Delphi" or the "Company") is pleased to provide the following operational update.

Delphi continues to improve upon its superior capital efficiencies at Bigstone through successful innovation of its slickwater frac design, resulting in both material cost savings and improved well productivity.

Delphi's 100 percent working interest 14-30-60-22W5M Montney well ("14-30" or "the well") was drilled in the third quarter of 2015 to a total depth of 5,656 metres with a horizontal lateral length of 2,729 metres. 14-30 is the first well completed with a redesigned slickwater frac program over 37 stages with initial clean-up test results higher than any previous Delphi Montney horizontal well completed with slickwater. The well was also drilled and completed for a company record capital of $7.3 million, which is a 28 percent reduction from average drilling and completion costs in 2014.

Strad Energy Services Responds to Announcement of Total Energy's Intention to Make an Unsolicited Offer for Strad

CALGARY, ALBERTA--(Marketwired - Sept. 22, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Strad Energy Services Ltd. ("Strad" or the "Company") (SDY.TO) today responded to an announcement by Total Energy Services Inc. ("Total Energy") that it intends to make an unsolicited takeover bid for the outstanding shares of the Company.

Strad cautions that no formal offer has yet been presented to Strad or its shareholders and there can be no certainty that an offer will be made or that a transaction will take place. Strad's Board of Directors recommends that shareholders take no action until shareholders have received further communications from Strad's Board of Directors.

McDermott Awarded Lump Sum Contract by Saudi Aramco

• Combined package is the largest single award in the history of McDermott’s Middle East Area

• Brownfield award follows signing of Long Term Agreement in June 2015

HOUSTON -- McDermott International, Inc. (MDR) announced today it has been awarded a lump sum contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia.

Work on the contract is expected to be executed through the second quarter of 2018. The award follows the June 2015 signing of a second Long Term Agreement (LTA) between McDermott and Saudi Aramco for engineering, procurement, construction and installation (EPCI) opportunities in various fields offshore Saudi Arabia.

Schlumberger Announces Agreement to Acquire Cameron

Offers new growth opportunities by creating the industry’s first complete drilling and production systems
Integrates complementary downhole and surface offerings through software optimization and automation
Total transaction value of $14.8 billion as of August 25, 2015
Cameron shareholders to receive 0.716 Schlumberger shares and $14.44 in cash for each share of Cameron
Transaction expected to be accretive to Schlumberger earnings per share in first year after closing
Combined company expects $300 million and $600 million in synergies in first and second years

HOUSTON -- Schlumberger Limited (SLB) and Cameron (CAM) today jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of directors of both companies.