Acquisitions & Divestitures - Service & Supply


Polyflow Appoints Morrissey Senior VP Of Sales, Marketing

David Morrissey will lead the spoolable reinforced thermoplastic pipe company’s sales team in the Permian Basin. He has more than 30 years’ experience in sales and operations.

Mon, 04/27/2015 - 10:49

Weatherford Plans More Layoffs

Bernard J. Duroc-Danner, chairman of board, president and CEO, said the goal to reduce headcount by 18% this year will leave 39,000 employees in core businesses and 6,000 on rigs.

Thu, 04/23/2015 - 14:46

Valve Maker Circor Buys German Firm Amid Gloomy Outlook

Setbacks in oil and gas capital spending have hurt Circor but purchase of private firm Schroedahl should be accretive, analyst says.

Darren Barbee
Wed, 04/22/2015 - 16:52

Halliburton Selling $3.5 Billion In Revenue Makers As Peers Lay Off More

Baker Hughes and Schlumberger also made announcements that they will cut nearly 15,000 jobs on top of already announced layoffs.

Darren Barbee
Wed, 04/22/2015 - 13:16

Refracking Presents Opportunity For Shale Plays

Oil and gas companies are increasingly turning to technology and improved techniques to become more efficient and grow output as low oil prices slowly rebound.

Velda Addison
Mon, 04/20/2015 - 14:38

Schlumberger Cuts More Jobs As Oil Industry Braces For Next Wave

The latest announced reductions bring the company’s total to 20,000, making its workforce about 15% smaller than it was during third-quarter 2014. 

Fri, 04/17/2015 - 10:12

Seismos Inc. Receives $4 Million In Equity

Seismos provides the CO2 EOR market with field-installed, low-impact emitters and seismic sensors connected to a cloud-based data processing. First-year returns on investment are upwards of 100%, the company said.

Thu, 04/09/2015 - 07:52

Halliburton Will Separately Market Drilling Businesses

Halliburton Co. will separately sell its fixed cutter and roller cone drillbits, directional drilling and LWD/measurement while drilling businesses. It is currently working to acquire Baker Hughes Inc.

Wed, 04/08/2015 - 14:59

Supplier For Petrobras Seeks Credit To Avoid Bankruptcy

Schahin Petroleo & Gas SA, rig and platform supplier for Brazil’s Petrobras, seeks credit to avoid bankruptcy protection filing as it halts operations when assets have claims placed on them.

Tue, 04/07/2015 - 14:57

HAL/BHI Stockholders Approve Merger

Special meetings determined the shareholders’ votes. The merger of Halliburton and Baker Hughes is scheduled to close in the second half of 2015, subject to regulatory approvals.

Fri, 03/27/2015 - 15:02

Schlumberger Pleads Guilty To Violating US Sanctions On Iran, Sudan

The U.S. Justice Department said on March 25 that a subsidiary of Schlumberger Oilfield Holdings had pleaded guilty to violating U.S. sanctions related to Iran and Sudan and would pay a $237.2 million fine.

Thu, 03/26/2015 - 10:01

C&J Energy Services Ltd. Emerges From C&J, Nabors Merger

C&J Energy Services Ltd. is led by current C&J management and will be based out of Bermuda. The transaction was originally announced June 25, 2014.

Wed, 03/25/2015 - 09:43