Schlumberger drops out of Eurasia Drilling agreement

Offshore staff

LONDON Schlumberger Ltd. (NYSE:SLB) does not intend to extend the pending agreement to acquire a minority equity interest in Eurasia Drilling Co. Ltd. once the current extension expires on Sept. 30, 2015.

Instead, the company says it will focus on other M&A opportunities.

09/25/2015

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...