Acquisitions & Divestitures - Service & Supply

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US Silica Closes Acquisition Of Ottawa White Sand Acreage In Illinois

The land will add about 30 million tonnes of proven reserves of high-quality Ottawa White sand that will produce coarse and medium-to-fine grades for use in oil and gas proppants and in other industries.

Erin Pedigo
Tue, 05/24/2016 - 15:19
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Analysts: Non-US Oil Supply Quickly Contracting

Shrinking oil supply in first-half 2016 has come as no surprise, considering worldwide oilfield capex cuts. However, its brisk pace, especially outside of the U.S., has caught people off guard.

Fri, 05/20/2016 - 09:59
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Technip, FMC Technologies To Merge In All-Stock Deal

The transaction is expected to deliver annual pretax savings of at least $400 million as of 2019 and boost earnings per share significantly, the companies said in a statement on May 19.

Emily Moser
Thu, 05/19/2016 - 06:20
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FMC Technologies Names Douglas Pferdehirt As Next CEO

Pferdehirt's appointment is effective Sept. 1. He will succeed John T. Gremp, who will continue to serve as chairman of the board while the Houston company completes its transition to the new CEO.

Emily Moser
Tue, 05/10/2016 - 07:25
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Intervale Backs Canada's Dynacorp Energy Services

Dynacorp, based in Calgary, Alberta, provides innovative sand management solutions, well testing and production processing equipment to operators and service providers in the oil and gas industry.

Emily Moser
Fri, 05/06/2016 - 07:50
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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
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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
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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
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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
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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

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