Acquisitions & Divestitures - Service & Supply

Schlumberger Agrees To Buy Stake In Russian Drilling Firm Eurasia

Schlumberger NV, the world’s largest oilfield services company, has agreed to buy a 51% stake in Russia’s biggest oilfield services firm Eurasia Drilling Co. (EDC), the Russian company said late on July 20.


Reemerged BJ Services Planning To Go Public In $100 Million IPO

BJ Services, a fracking company recently spun out of Baker Hughes, aims to go public on the New York Stock Exchange in a proposed IPO for up to $100 million.


Forum Acquires Multilift, Manufacturer Of Artificial Lift Tools

Forum Energy Technologies acquired the stock of Multilift from Pelican Energy Partners, a Houston-based oilfield services focused private equity fund, and management.


Halliburton Strengthens Artificial Lift Business With Summit ESP Acquisition

Halliburton said July 5 it would buy oilfield equipment supplier Summit ESP, which is backed by Oklahoma energy and banking billionaire George Kaiser.


GE Closes Baker Hughes Deal, Becomes No. 2 Oilfield Service Provider

The new company, to be called “Baker Hughes, a GE company,” will begin trading on July 5 on the New York Stock Exchange under the stock ticker “BHGE.”


Working Over The Oilfield Service Sector

The extended global downturn took the oil and gas service sector below the economic waterline for two long years. As pricing optics improve, executives from two of the world’s largest service providers discuss lessons learned and where we’re going from here.


Nigeria’s State Oil Company Agrees To $700 Million Joint Venture

NNPC said it had a tripartite agreement with local Nigerian energy firm and international oil services company Schlumberger to develop the Anyala and Madu fields.


3esi-Enersight Acquires Oil, Gas Software Creator Energy Navigator

3esi-Enersight acquired Energy Navigator Inc. creating the largest provider of integrated strategy, planning and reserves solutions for the oil and gas industry.


Three Companies Merge To Create SolstadFarstad

The Skudeneshavn, Norway-headquartered company, which also has activity in the renewable energy sector, has a fleet of about 150 vessels. Currently, two well vessels and a harvest vessel are under construction.


Rubicon Strengthens Downhole Completions Portfolio With Acquisition

Rubicon Oilfield International, backed by Warburg Pincus, acquired the assets, people and operating business of Calgary, Alberta-based World Oil Tools for an undisclosed amount.


Schlumberger Forms JV To Develop Production Optimization System

Schlumberger formed a JV with HEAL Systems, formerly Production Plus Energy Services, to develop the company's production optimization technology and business in the U.S. and Canada.


Insight: The State Of The Oil, Gas Service Sector

The top three service companies—Schlumberger, Halliburton and Baker Hughes—have all been working to gain better positioning within the market.