Acquisitions & Divestitures - Service & Supply

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Luft Retires As Officer, Director Of Trican Well Service

Don Luft’s position as COO will not be replaced. Dale Dusterhoft will become president and CEO. Luft will also not stand for re-election as a director at upcoming annual meeting.

Erin Pedigo
Tue, 05/03/2016 - 09:33
Free

Baker Hughes To Buy Back Stock, Debt After Halliburton Deal Fails

Baker Hughes will get $3.5 billion as part of the merger agreement, which the companies terminated on May 1 after opposition from U.S. and European antitrust regulators.

Emily Moser
Mon, 05/02/2016 - 08:02
Free

Halliburton, Baker Hughes Scrap $28 Billion Merger

The tie up would have brought together the world’s No. 2 and No. 3 oil services companies, raising concerns it would result in higher prices in the sector. 

Sun, 05/01/2016 - 21:47
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National Oilwell Varco Says Cut 6,000 Jobs In First Quarter

National Oilwell had 50,197 employees as of Dec. 31. Based on this number, the company cut about 12% of its workforce in the first quarter.

Emily Moser
Fri, 04/29/2016 - 07:30
Free

CEO Of Rig Firm Prosafe Steps Down

The CEO of accommodation rig firm Prosafe has stepped down and the company is looking at alternatives to improve its financial situation, Prosafe said on April 27, according to Reuters.

Erin Pedigo
Wed, 04/27/2016 - 09:12
Free

Amec Foster Wheeler Appoints Halliburton Executive As CEO

Lewis is replacing long-serving CEO Samir Brikho who left unexpectedly in January. His main priority will be to reach the company's target to halve debt before June 2017 and to boost investor confidence.

Emily Moser
Wed, 04/27/2016 - 07:40
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Halliburton Says It Cut 6,000 Jobs, Delays Earnings Call

Halliburton also postponed its earnings conference call to May 3 from April 25 to accommodate the April 30 deadline to close its acquisition of Baker Hughes.

Emily Moser
Mon, 04/25/2016 - 07:34
Free

Schlumberger's Profit Plummets As Operators' Spending Cuts Weigh

The world's largest oilfield services provider said its costs to do business in North America exceeded the revenue it earned there in the quarter.

Emily Moser
Fri, 04/22/2016 - 07:45
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NOV Lays Off Another 520 Workers In Norway

The latest round of cuts will reduce the Houston-based oilfield equipment maker and service provider's staff in Norway to less than 2,000, down from almost 5,000 at the height of the oil industry's boom two years ago.

Emily Moser
Fri, 04/22/2016 - 07:35
Free

Sigma Cubed Names New CFO

Charlotte Kula has more than 30 years of accounting and finance experience across multiple sectors of the oil and gas industry, including services, drilling and shipping, Sigma Cubed said in a news release.

Wed, 04/20/2016 - 08:59
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Jacobs Will Provide Engineering Support To Woodside For Two Years

Steve Axcell, senior vice president of Jacobs, said that the contract strengthens the company’s position in the oil and natural gas industry in Australia.

Erin Pedigo
Tue, 04/19/2016 - 11:54
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Amazing Acquires Permian Service Company, Drilling Capital Firm

The Amarillo, Texas-based company entered into an agreement to acquire Jilpetco Inc., which operates and provides oilfied services in the Permian Basin, from Jed Miesner, CEO and president of Amazing.

Emily Moser
Tue, 04/19/2016 - 07:35

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