Both companies said July 10 that they had agreed to extend the Department of Justice’s review of their merger while Halliburton readies divestment of billions of dollars in revenue-generating business divisions.
Energy Transfer Equity LP signed confidentiality agreement to participate in an auction for Williams Cos., the pipeline company that turned down its $48 billion takeover offer last month, Bloomberg said.
Doubts that regulators will approve Halliburton’s $35 billion takeover of fellow oilfield services company Baker Hughes this year creates high-reward opportunity for investors with appetite for risk, Reuters said.
Deal-making opportunities for E&P’s are expected to grow stronger through 2016, an investment service predicts. The midstream sector will remain open to M&A activity amid waning opportunities for organic growth.
Wellsite Rental Services LLC provides rental drilling and completions equipment, and Viking Oil Tools provides specialty fishing, thru tubing and remedial services. Both are majority-owned by NGP Energy Technology Partners.
Optimus handles behavior-based safety, onsite coaching and training, occupational health and safety training, and risk diagnosis for high-hazard industry, including oil and gas. DEKRA’s total global workforce now surpasses 550.