Gulf Oil and Gas accountACCOUNT

Schlumberger Buys Stake in Rig Firm Borr Drilling

Source: Reuters 3/28/2017, Location: North America

Schlumberger, the world's top oil services provider, has bought a stake in upstart rig operator Borr Drilling. The investment was made through a newly created venture fund, which has the ultimate goal of securing more activity for Schlumberger, Chief Executive Paal Kibsgaard said in a statement. He did not disclose the size of the investment and the company was not immediately available for comment.

Norwegian financial daily Finansavisen reported on Tuesday that Schlumberger had taken a 20 percent stake in Borr through a $220 million investment.

Mergers and Acquisitions News in United States >>

Australia >>  2/21/2020 - Doriemus plc has successfully completed a bookbuild to raise $4.5 million (before costs) via a proposed placement of new securities to a number of sop...
United Kingdom >>  2/21/2020 - Hunting PLC , the international energy services group, announces the completion of the acquisition of Enpro Subsea Limited ("Enpro") for a total consi...

Azerbaijan >>  2/10/2020 - SOCAR-AQS and Halliburton Company (HAL) announced the companies have signed a Memorandum of Understanding (MOU) to form a new joint venture to provide...
Australia >>  2/5/2020 - Melbana Energy Limited advises that the offers made under the off market takeover bid made by Melbana Energy for all of the ordinary shares in Metgasc...

Brazil >>  1/31/2020 - Petrobras has started the opportunity disclosure stage (teaser), regarding the sales of all of its equity stakes in the companies Eolica Mangue Seco 1...
United Kingdom >>  1/31/2020 - Chrysaor’s talks to buy smaller regional rival Siccar Point have ended after a large gap between their price expectations. The breakdown in negotiatio...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.