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Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
Weatherford International plc is an American multinational oilfield service company, [2] headquartered in the US and operating in 75 countries globally across the oil and natural gas producing regions. [3] The company provides technical equipment and services used for drilling, evaluation, completion, production, and intervention on gas and oil ...
The oilfield service sector is poised for more consolidation in 2025, according to Deloitte's 2025 Oil and Gas Industry Outlook, with President-elect Donald Trump expected loosen regulations on ...
In 2005, Precision sold its energy services and international contract-drilling divisions to Weatherford International for $2.28 billion [6] and reorganized as an income trust. [ 4 ] [ 7 ] Precision converted from an income trust back to a corporation in 2010.
Today, Weatherford International announced it is selling its pipeline and specialty services business to Baker Hughes for $250 million. "This sale is an important first step toward Weatherford's ...
U.S. oilfield services firm Halliburton on Wednesday was hit by a cyberattack, according to a person familiar with the matter. Halliburton said it was aware of an issue affecting certain systems ...
The firm announced it would acquire Baker Hughes for around $35 billion in cash and stock, creating an oilfield services company that aims to compete with Schlumberger. [47] Prior to the merger of Baker Hughes and Halliburton, Halliburton must divest over $5 billion of its assets according to the regulations created by US competition ...
Schlumberger NV (French: [ʃlumbɛʁʒe, ʃlœ̃b-]), doing business as SLB, also known as Schlumberger Limited, [2] is a French-American oilfield services company. [3] [4] As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
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