Category: Oil field services

C&J Energy ordered to pause merger with Nabors unit

The judge ruled that during a 30-day suspension of the deal, C&J Energy’s board must shop the deal to other buyers in order to get the best price possible.  More »

Technip puts up $1.8B offer for French seismic company

The Paris-based oil and gas equipment supplier said it first approached CGG on Nov. 10, and that it would “like to enter into a constructive dialogue” with the company’s board of directors.  More »

Grand jury indicts Monahans man for alleged oil theft

If convicted of the three charges, a Monahans man faces up to 20 years in federal prison  More »

Transocean idles three more rigs, stock falls

Transocean’s fleet of deep-water drilling machines has been under pricing pressure and has faced lower demand amid falling oil prices and a glut in equipment.  More »

Timeline: History behind Halliburton, Baker Hughes

Halliburton and Baker Hughes each have long histories tied to the beginnings of the oil industry in Texas and Oklahoma.  More »

Workers wonder if they’ll survive oil field merger

Workers are anxious about their jobs after Monday’s announcement that Halliburton is buying oil field services rival Baker Hughes.  More »

Shale drillers keep output high despite oil price decline

Companies said they expect to pump more from their prime properties while cutting back in their least productive prospects.  More »

10 things to know about the Halliburton-Baker Hughes deal

Regulators, shareholders and employees’ whose jobs could be in limbo have all already expressed concern about the implications of the complex deal.  More »

Executives mum about what the Halliburton-Baker Hughes deal means for jobs

Officials at Halliburton and Baker Hughes have remained tight-lipped about what today’s transaction means for jobs at the two oilfield services companies.  More »

Halliburton CFO: Already identified buyers for businesses it may sell

Executives said the company has plans to capture $2 billion by improving operations and reorganizing personnel, mostly in North America.  More »

Halliburton to buy Baker Hughes for $34.6 billion

Halliburton will buy Baker Hughes for $34.6 billion in a cash and stock transaction that marks one of the biggest oil-field services combinations ever.  More »

In letters, Baker Hughes sends message to any potential buyer

Correspondence between the heads of two oil field service giants, unleashed Friday in a bundle of public disclosures, has provided a window into the haggling that could bring together two fierce rivals in what could be the second-biggest energy deal of this year.  More »

Halliburton goes hostile in attempt to buy Baker Hughes

Merger talks between oil field services giants Halliburton and Baker Hughes took a hostile turn Friday, as the larger Halliburton made an 11th-hour move to replace the board of its smaller rival and takeover target.  More »

Analysts say merger news could spark bidding war for Baker Hughes

News that Baker Hughes is in talks to sell itself to its rival Halliburton could spark a bidding war among several oil-field players including GE and Schlumberger.  More »

One Halliburton worker dead, two injured in Colorado accident

Halliburton Co. confirmed that one worker died and two were injured during an accident in Colorado Thursday.  More »
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