Service & Supply

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.

Aug 17 2017 - 8:23am

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.

Aug 16 2017 - 6:31am

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.

Aug 15 2017 - 11:40am

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.

Aug 15 2017 - 7:25am

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.

Jul 28 2017 - 8:15am

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.

Jul 21 2017 - 6:02am

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.

Jul 18 2017 - 10:30am

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.

Jul 5 2017 - 10:55am

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.

Jul 5 2017 - 10:35am

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.”

Jul 3 2017 - 9:52am