Acquisitions & Divestitures - Service & Supply
Tidewater Logistics said the capital investment by Apollo will fund a pipeline of new customer and expansion opportunities. The terms of the transaction weren't disclosed.
Dover's spin-off transaction for its "Wellsite" upstream energy businesses, on track for completion in May, will be named Apergy and be headquartered in The Woodlands, Texas.
Vallourec specializes in making tubular products for the energy and other industrial sectors. It has about 19,000 employees worldwide, while its drilling products division employs roughly 600 people.
The investment, which is the New York-based firm’s first since closing Blue Wolf Capital Fund IV LP at its hard cap of $540 million in September 2017, is expected to facilitate rapid expansion at Petrosmith.
Mexico has done little deepwater exploration, so not much is known about the energy reserves.
The Houston-based company, which provides drilling and well completion services, plans to sell around 9.3 million shares at between $12 and $15 per share in coming days.
The U.S. sanctions list also now includes Sergey Topor-Gilka, head of the Russian engineering company Technopromexport, as well as multiple subsidiaries of oil producer Surgutneftegaz.
Increased E&P spending, strong global demand and rising commodity prices are among the positives that could lie ahead for the industry, CEOs of oilfield service giants said.
The oilfield service company plans to launch several new technologies this year, including a subsea tree.
Intervale sees 'attractive opportunities' to expand PDC Logic by introducing new bit designs and entering new markets, Partner Tuan Tran says.
President Donald Trump has approved recommendations to impose safeguard tariffs on imported large residential washing machines and imported solar cells and modules, U.S. Trade Representative Robert Lighthizer said on Jan. 22.
Shares in the oilfield services provider rose around 1% in premarket as Halliburton posted a profit of 53 cents a share, beating average analyst estimates of 46 cents per share.