Acquisitions & Divestitures - Service & Supply

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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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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
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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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Wilks Brothers Adds To Stake In Canada's Trican Well Service

Wilks Brothers, a private Cisco, Texas-based company, bought about 3.1 million additional common shares in Trican on the Toronto Stock Exchange.

Emily Moser
Wed, 04/13/2016 - 07:46
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Carbo Ceramics' Executives To Take Up To 30% Pay Cut

A Reuters analysis of filings through mid-March showed that a number of companies had changed their payout plans for executives amid the collapse in oil prices.

Emily Moser
Tue, 04/12/2016 - 07:51
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EU Regulators Resume Scrutiny Of Halliburton, Baker Hughes Deal

The European Commission, which halted its investigation into the $35 billion deal last month while waiting for more details from the companies, will now decide by Aug. 11 whether to clear or veto the takeover.

Emily Moser
Tue, 04/12/2016 - 07:45

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