In February, Schlumberger said it planned buying a 45.65% stake in Eurasia for about $1.7 billion, potentially becoming sole owner of Russia's most active oilfield services company, Reuters said.
Special meetings determined the shareholders’ votes. The merger of Halliburton and Baker Hughes is scheduled to close in the second half of 2015, subject to regulatory approvals.
Chemical injection systems seller Galenfeha acquired chemical injection pump systems maker Daylight Pumps. The North American chemical injection market share is about $1 billion annually.
C&J Energy Services Ltd. is led by current C&J management and will be based out of Bermuda. The transaction was originally announced June 25, 2014.
Superior is interested in assets Baker Hughes Inc. and Halliburton Co. must sell during their merger, Bloomberg said. Superior, seeking international exposure, will become the fourth-largest oilfield services company.
Several batches of overlapping business lines will be unloaded to win U.S. Justice Department approval for their $34.6 billion combination, according to people with knowledge of the matter, Bloomberg said.
The subsea umbilical, riser and flowline systems (SURF) and subsea production and processing systems (SPS) will be integrated, reducing total ownership cost and increasing reliability and uptime.
Inspection Oilfield Services made about $120 million in sales in 2014, and L.B. Foster said the acquisition will be accretive to earnings in 2015.
Gary Luquette, president and CEO of Frank’s, said the transaction will allow the company to expand its presence in the U.S. land market.
CECON LLC is now a wholly owned subsidiary of Becht Engineering and will provide a broad array of science and engineering services to its clients in multiple market sectors.
The acquisition is intended to expand its technology-focused subsidiary, Petro Spring LLC.
Tervita‘s assets will support Republic’s current E&P business and will support work in several domestic basins.
|E&P||USD 42||Members only||Resolute Energy Corp.|
|S&S||USD 688||Members only||Nabors Industries Ltd.|
|Mid||USD 171||Members only||Devon Energy Corp.|
|E&P||USD 3600||Members only||Chevron Corp.|