Acquisitions & Divestitures - Service & Supply

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.


Key Energy Services Sells Fracking And Well Testing Assets To Covenant

The deal with Covenant Testing Technologies divests a noncore asset while helping boost Key’s liquidity above $100 million.


Halliburton Appoints Christopher Weber As CFO

Christopher (Chris) Weber was named executive vice president and CFO at Halliburton Co., effective June 22.


Baker Hughes, GE Reach Agreement With DOJ To Complete Merger

General Electric Co. won U.S. antitrust approval to merge its oil and gas business with Baker Hughes Inc. to form a new publicly traded company, the Justice Department said on June 12.


Leadership Team Revealed For New Baker Hughes

GE Oil & Gas boss Lorenzo Simonelli will head the new Baker Hughes as president and CEO. Martin Craighead, currently chairman and CEO at Baker Hughes, will serve as the board's vice chairman.


EU Clears GE, Baker Hughes Megamerger Without Conditions

The EU concluded that the merger of GE and Baker Hughes would not harm competition in European markets for various products where both U.S.-based companies were active.


Ensco Buys Atwood In Downturn’s First Offshore Drilling Merger

Despite the need for consolidation in the offshore drilling space, the Ensco-Atwood merger doesn’t mean much for the currently oversupplied market, analyst says.


Twin Eagle To Expand Permian Rail Frack Sand Facility

Twin Eagle Sand Logistics announced on May 24 plans to further expand the Permian Rail Park to meet the strong demand of the Midland Basin.


Pressure Cooker: Keane Group’s $285 Million Deal Adds Permian, Bakken Horsepower

Amid industry consolidation, Colorado’s RockPile Energy Services will augment Keane’s services primarily in the Permian Basin and the Bakken.