EQT buys Rice Energy to create shale gas drilling giant
Companies expect deal to close in Q4.
Oilfield services M&A picks up as battered drillers seek lower costs, scale
Drillers and service companies are rehiring staff and redeploying equipment after cutting costs to the bone during the downturn.
Bust to boom: oilfield firm can’t get enough staff to cover rising activity
Forecast calls for 4,175 wells to be drilled in Canada next year, up about 6% over 2016.
Aveda Transportation cuts 51 jobs as service sector pains continue
Cuts were to administrative and field staff and include corporate positions in both Calgary and Houston.
Low oil prices force Halliburton to cut 9,000 jobs
Oilfield services giant posts Q1 loss of $643 million.
Schlumberger Ltd. fined $232M for trade sanction violations
Charges resolve a yearslong investigation into allegations the company illegally conducted business with Sudan and Iran.
Newalta cutting 180 jobs to reduce costs
Layoffs follow a hiring freeze imposed in December and the suspension of salary increases.
Precision Drilling lowers spending, sells part of US operation
Announcement comes as the oilfield services industry and energy producers grapple with a dramatic decline in oil prices.
Edmonton’s Pipeworx added to US firm’s group of pipeline contractors
Pipeworx will be an operating unit of PLH Group Inc., an oilfield services firm.
Russel Metals has early stage deal to buy Apex
Acquisition will add to the Russel’s energy tubular segment.