The Briefing Room

General Category => Science, Technology and Knowledge => Energy => Topic started by: Elderberry on May 17, 2019, 01:04:35 am

Title: Schlumberger exits tubulars business after selling three subsidiaries in $400 million deal
Post by: Elderberry on May 17, 2019, 01:04:35 am

Houston Chronicle by Sergio Chapa May 16, 2019

Oilfield service giant Schlumberger is exiting the tubulars business after agreeing to sell three specialized subsidiaries to a Houston company in a $400 million deal.

Schlumberger announced early Tuesday morning that it has sold DRILCO, Thomas Tools, and Fishing & Remedial Services to Houston oilfield technology firm Wellbore Integrity Solutions.

The three subsidiaries being sold by Schlumberger specialize in making, providing tools for and servicing a special type of oilfield pipeline known as tubulars.

More: https://www.houstonchronicle.com/business/energy/article/Schlumberger-exits-tubulars-business-after-13850366.php (https://www.houstonchronicle.com/business/energy/article/Schlumberger-exits-tubulars-business-after-13850366.php)

Title: Re: Schlumberger exits tubulars business after selling three subsidiaries in $400 million deal
Post by: Free Vulcan on May 17, 2019, 01:08:00 am

(https://www.syfy.com/sites/syfy/files/styles/1200x680/public/syfywire_blog_post/2018/09/bill_and_teds_excellent_adventure_alex_winter_keanu_reeves.jpg?itok=6XdRgdgr)

Totally tubular man!