Acquisitions & Divestitures - Service & Supply

SNC-Lavalin To Buy UK-Based WS Atkins For $2.7 Billion

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.


Schlumberger Sees Pricing Improve But Costs Weigh On Margins

The world’s No.1 oilfield services provider said revenue rose 5.7% to $6.89 billion in the quarter ended March 31, but its cost of revenue increased 11.3% to $6.08 billion.


Houston-Based Oilfield Service Company Launches IPO

NCS Multistage's IPO is priced between $15 and $18 per share and includes a 1.425-million-share greenshoe. Proceeds will be used to repay debt and for general corporate purposes.


Schlumberger Agrees To $390 Million Vaca Muerta Deal With YPF

Argentina's state-run oil company YPF and Schlumberger have reached a deal to invest $390 million in the Vaca Muerta shale field in Patagonia, YPF said April 12.


Westwood Expands Into US Shale Market With Acquisition Of Energent

The acquisition includes proprietary and detailed well-lifecycle data comprised of drilling pad trends, well completions metrics, frack sand and downhole chemicals with analysis and interpretation.


Wood Group Estimates Higher Cost Savings From Amec Foster Deal

Wood Group said it expected about 36% more cost savings from its deal to buy Amec Foster for 2.2 billion pounds (US$2.7 billion) than it first estimated when announcing the deal in March.


Newfield To Build Water Recycling Facility In Oklahoma's Stack Play

Newfield's complex, named the Barton Water Recycle Facility, is located on a 30-acre site in Kingfisher County, Okla., and is expected to process about 30,000 barrels per day of water.


Aker Solutions To Acquire Reinertsen For $24.9 Million

Reinertsen is the third-largest maintenance and modifications supplier offshore Norway. The company's order backlog contains key maintenance and modifications contracts with Statoil.


CEO Survey: Oil And Gas Innovation Key But Skilled Employees May Be Scarce

PwC’s 20th CEO survey shows that 90% of oil and gas leaders are concerned about leadership positions among a large, technical and skilled workforce in the oil patch.


Total Energy Buys Savanna, Stranding Western Energy Deal

Savanna Energy Services Corp said March 29 it has terminated an agreement to be purchased by Western Energy Services Corp. after Total Energy Services Inc. purchased Savanna’s shares through the Toronto Stock Exchange.


Schlumberger Sees Quarterly Results Hurt By Ecuador

"Continuing payment issues" in Ecuador are hurting earnings, CEO Paal Kibsgaard said in a text of a speech delivered at the Scotia Howard Weil energy conference in New Orleans on March 27.


Water Services Firms Rockwater, Crescent Agree To $207 Million Merger

Together, Rockwater and Crescent will create one of the largest oilfield water management services companies serving key shale plays across the U.S. and Western Canada, according to the release.