Schlumberger Ltd. and frequent partner Cameron International Corp. agreed Wednesday to merge in a deal estimated to be worth $14.8 billion, combining complementary technology portfolios that they said would be the industry’s first “complete” drilling and production systems.
Oilfield
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Boomerang Seeks Protection, Joins List of Distressed OFS Operators
St. Louis-based Boomerang Tube LLC, which manufactures tubular goods and line pipe for the oil and gas industry, filed for Chapter 11 bankruptcy protection on Tuesday, the latest victim of the depressed oilfield drilling market.
Boomerang Seeks Protection, Joins List of Distressed OFS Operators
St. Louis-based Boomerang Tube LLC, which manufactures tubular goods and line pipe for the oil and gas industry, filed for Chapter 11 bankruptcy protection on Tuesday, the latest victim of the depressed oilfield drilling market.
Chesapeake Oilfield Spinoff Advances Early in Market Debut
Seventy Seven Energy Inc. (SSE), the oilfield services unit jettisoned by Chesapeake Energy Corp., advanced Tuesday in its first day of trading as a standalone on the New York Stock Exchange.
NGI The Weekly Gas Market Report
Chesapeake Takes Another Step to Spin Oilfield Unit
Chesapeake Energy Corp. on Monday advanced plans to jettison its oilfield services unit, first by creating a corporation that eventually…
Oilfield Technology Finessing Completions Today, Using 3D Printing Tomorrow
Oilfield services companies operating in North America have no plans to scale back research and development (R&D) into their ever-better software and hardware offerings, and some are eyeing 3D printing as an option for the future.
Oilfield Sector Earnings to Indicate Strength of Onshore
With a flat U.S. horizontal rig count and a lower-priced backlog still to be worked through, the oilfield services sector didn’t have a lot of “classic” catalysts to propel them in 2Q2013, according to a preview by Tudor, Pickering, Holt & Co. (TPH).
Pennsylvania Lures Flowserve Away From New Jersey
Oilfield services provider Flowserve Corp. will relocate some of its pump division operations from New Jersey to Pennsylvania, a 15-mile move that brings more than 100 jobs to a state much more supportive of the company’s bread and butter: oil and gas drilling.
Halliburton More Optimistic on U.S. Land
Halliburton Co., the No. 2 global oilfield services provider, is beginning to see some blue skies in North America this year and going into 2014, CEO Dave Lesar said last week.
Let’s Make a (Shale) Deal! U.S. Onshore Still Opening Doors, Says PwC
Strategic investors and foreign buyers continue to press for deals in U.S. unconventional fields, but higher prices have pushed private equity (PE) momentarily to the sidelines, according to PwC US.