Acquisitions & Divestitures - Service & Supply

Halliburton Says NAM Revenue Growth May Outpace Rig Count

Rising oil prices are prompting producers to put more rigs back to work in North America. To meet that demand, Halliburton will start reviving fracking equipment it had idled when oil prices were slumping.


Dril-Quip Continues Growth With Acquisition Of OPT

Based in Houston, OPT is a provider of offshore riser systems and components, proprietary threaded connections and other products, with a focus on deepwater Spar and TLP Systems.


Schlumberger Expands With Peak Well Systems Acquisition

The addition of Peak strengthens the Schlumberger Production Services portfolio with a broader offering of mechanical services to its global customers


Savanna Energy Says Approached By Other Potential Bidders

Total Energy first made a proposal to buy Savanna in November, before later raising its offer earlier in December. Savanna Energy had a market value of about C$190 million as of close on Dec. 14.


Patterson-UTI To Buy Seventy Seven For $1.76 Billion

Patterson-UTI will have more than 1.5 million hydraulic fracturing horsepower following the closing of the transaction, the U.S. driller said.


RS Energy Acquires Upstream Data Company, NavPort

The acquisition of NavPort adds a key data component to RS Energy's service offerings, the Calgary, Alberta-based company said.


Aker Solutions Completes Acquisition Of Stake In Brazil’s CSE

The agreement to acquire the stake was announced in October, and included an option for Aker Solutions to purchase the remaining 30% of the company three years from now.


First Reserve's Tri-Point Expands Into Several Major US Shale Basins

Houston-based Tri-Point acquired three oil and gas service companies with strong market positions within their regions, including the Anadarko, Denver-Julesburg, Permian and Eagle Ford basins.


Baker Hughes’ Frack Fleet Deal Pays Pennies On The Dollar

Baker Hughes retains a minority stake in the new company, but analysts are skeptical the transaction was a fair bargain.


RTS Opens Inspection Facility In The Permian Basin

The new location offers comprehensive tubing inspection, reconditioning, repair and inventory management services to oil and gas operators in the Permian Basin. 


Rubicon Oilfield International Grows With Top-Co Acquisition

Founded in 1963, Top-Co supplies oilfield casing, cementing and completion products to customers around the world. Terms of the transaction weren't disclosed.


Weatherford CEO Bernard Duroc-Danner Leaves

The oilfield services company named CFO Krishna Shivram its interim CEO. Shivram will continue as CFO until that position is filled.