BUZZ-Helmerich and Payne gains on contract renewal** Shares of oilfield services company Helmerich and Payne HP.N up 1.4% at $35.27 premarket
** Co's joint venture, Turan Drilling, secures an offshore operations and maintenance contract renewal by BP BP.L in the Caspian Sea, offshore Azerbaijan
** Renewed deal runs for five years, with three one-year extension options, effective March 2026
** If all options are exercised, it could be worth more than $1 billion
** Under the agreement, TURAN will provide operations and maintenance services for eight offshore platforms
** In 2025, HP was down 10.4%
(Reporting by Dharna Bafna in Bengaluru)
((Dharna.Bafna@thomsonreuters.com))
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