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Based in Houston, OPT is a provider of offshore riser systems and components, proprietary threaded connections and other products, with a focus on deepwater Spar and TLP Systems.
The addition of Peak strengthens the Schlumberger Production Services portfolio with a broader offering of mechanical services to its global customers
Total Energy first made a proposal to buy Savanna in November, before later raising its offer earlier in December. Savanna Energy had a market value of about C$190 million as of close on Dec. 14.
Patterson-UTI will have more than 1.5 million hydraulic fracturing horsepower following the closing of the transaction, the U.S. driller said.
The acquisition of NavPort adds a key data component to RS Energy's service offerings, the Calgary, Alberta-based company said.
The agreement to acquire the stake was announced in October, and included an option for Aker Solutions to purchase the remaining 30% of the company three years from now.
Houston-based Tri-Point acquired three oil and gas service companies with strong market positions within their regions, including the Anadarko, Denver-Julesburg, Permian and Eagle Ford basins.
Baker Hughes retains a minority stake in the new company, but analysts are skeptical the transaction was a fair bargain.
The new location offers comprehensive tubing inspection, reconditioning, repair and inventory management services to oil and gas operators in the Permian Basin.
Founded in 1963, Top-Co supplies oilfield casing, cementing and completion products to customers around the world. Terms of the transaction weren't disclosed.
The oilfield services company named CFO Krishna Shivram its interim CEO. Shivram will continue as CFO until that position is filled.
U.S. producers of sand used to extract oil from shale are raising prices due to stronger demand, a sign higher oil prices are improving the outlook for the domestic fracking industry.