Acquisitions & Divestitures - Service & Supply

Apollo Backs Frack Sand Logistics Provider Tidewater With Capital Investment

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.

February 16, 2018

Dover Wellsite Business To Be Named Apergy

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.

February 16, 2018

Vallourec Drilling Products Cuts About 150 Jobs In 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.

February 14, 2018

Blue Wolf Capital Buys Majority Stake In Production Equipment Provider Petrosmith

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.

February 12, 2018

Mexico’s Oil Reform A Boon For Hard-hit Oil Service, Seismic Firms

Mexico has done little deepwater exploration, so not much is known about the energy reserves.

January 31, 2018

Quintana Energy Becomes Latest Oilfield Services Firm To Launch IPO

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.

January 29, 2018

US Hits Russian Deputy Minister, Energy Firms With Sanctions

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.

January 26, 2018

Oilfield Service Providers Give Positive Market Outlooks

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.

January 26, 2018

Technology Remains Focus For Baker Hughes As GE Mulls Exit Options

The oilfield service company plans to launch several new technologies this year, including a subsea tree.

January 25, 2018

Intervale Capital Buys Majority Stake In Drillbit Manufacturer PDC Logic

Intervale sees 'attractive opportunities' to expand PDC Logic by introducing new bit designs and entering new markets, Partner Tuan Tran says.

January 23, 2018

US Slaps Tariffs On Some Imported Solar Cells

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.

January 22, 2018

Halliburton Beats On Fourth-Quarter Profit; Makes Tax Provision

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.

January 22, 2018