Service & Supply
3esi-Enersight acquired Energy Navigator Inc. creating the largest provider of integrated strategy, planning and reserves solutions for the oil and gas industry.
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.
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 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 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.
The top three service companies—Schlumberger, Halliburton and Baker Hughes—have all been working to gain better positioning within the market.
The deal with Covenant Testing Technologies divests a noncore asset while helping boost Key’s liquidity above $100 million.
Christopher (Chris) Weber was named executive vice president and CFO at Halliburton Co., effective June 22.
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.
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.