Acquisitions & Divestitures - Service & Supply

Recovery In Sight, Schlumberger Mulls Rollback Of Concessions

Oilfield services companies were forced to cut rates after oil producers slashed their capital budgets in response to a slide in crude prices to their lowest in more than a decade.


Halliburton Expects 'Modest Uptick' In North American Rig Count

The rig count in North America has improved by 26 over the last several weeks, Halliburton said on July 20."We believe the North America market has turned," CEO Lesar says.

Emily Moser

U.S. Silica Buys New Grit In Texas

The company has inked two deals in 2016 and says it has more opportunities it is exploring as it expands during the downturn.

Darren Barbee

Houston's AFGlobal To Buy Managed Pressure Operations

The combination of companies creates a complete deepwater managed pressure drilling offering, with technology covering both onshore and offshore applications, according to the release.

Emily Moser

Trican Closes Sale Of Completion Tools Business To NOV

Following closing, Trican's operations will be conducted solely in Canada. The company's operations will include specialized products, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells.

Emily Moser

CNPC Will Restructure Oilfield Services Sector

State-owned companies such as CNPC and Sinopec have created corruption and have been criticized for their monopoly in the oil and gas market, Reuters reported.

Erin Pedigo

20 Takeaways From DUG East 2016

From investment to efficiency, here’s a look at the top points to ponder from this year’s conference.

Richard Mason

Abrado Wellbore Services Expands Into P&A Market With Acquisition

As part of the deal, Abrado takes full ownership of Deltide Energy Services' proprietary Medusa section milling technology, Rattler suite of downhole magnets, Mud Viper surface ditch magnets and suite of fishing tool services.

Emily Moser

Getech Geoscience Data Provider Acquires Exprodat Consulting

Getech will acquire Exprodat from its existing shareholders, Gareth Smith, Nicholas Cribbens, Christopher Jepps, Julie Cullen and Ross Smail.

Erin Pedigo

Gas Recovery Company AEREON Acquires Abutec

Abutec’s burner technology destroys and removes at least 99% of harmful emissions, in compliance with the Environmental Protection Agency’s QuadO regulatory standards.

Erin Pedigo

Wood Group Mustang, Grupo Diavaz Create JV Engineering Business In Mexico

Luis Vazquez, chairman and CEO of Grupo Diavaz, said that the JV company will have predictable project delivery and will adhere to industry-recognized safety standards.

Erin Pedigo

Bernhard Capital Partners Closes First Energy Services Fund

BCP’s management includes James (Jim) Bernhard, formerly of The Shaw Group Inc.; Jeff Jenkins, formerly of Shaw Environmental and Infrastructure; other Shaw executives; and a private-equity team. 

Erin Pedigo