Acquisitions & Divestitures - Service & Supply

Microsoft, Halliburton Partner To Digitally Transform Energy Industry

The relationship will combine the expertise of Microsoft in cloud and digital transformation with Halliburton's E&P science, software and services technology.

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Russian Watchdog Says Schlumberger-Eurasia Drilling Deal ‘Has Big Problems’

The acquisition of a 51% stake in Russia's Eurasia Drilling Co (EDC) by U.S. oilfield services giant Schlumberger "has big problems" in the current political situation, the head of Russia's competition watchdog said on Aug. 16.

August 17, 2017

Pullback In US Fracking Sand Use Pressures Producers

Investors worry a slowdown in sand use, combined with new mining capacity coming online, could lead to a glut of the material and bring down prices. The worries have pressured shares of sand companies.

August 16, 2017

Oilfield Services Sector Continues Consolidation With Nabors-Tesco Merger

Nabors’ roughly $216 million acquisition of Tesco is ‘rare win-win in oil patch consolidation,’ analyst says.

August 15, 2017

Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1 Billion

The deal, which would be mostly paid for in shares and convertible bonds, would strengthen Transocean's position in offshore drilling as Songa is Statoil's largest drilling service provider.

August 15, 2017

Halliburton To Pay $29.2 Million Settlement Over US Charges Tied To Angola

Halliburton will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola.

July 28, 2017

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.

July 21, 2017

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.

July 18, 2017

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.

July 5, 2017

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.

July 5, 2017

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.”

July 3, 2017

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.

July 1, 2017