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Serving the oilfield service sector with news, analysis and business opportunities.

PLS publishes news and analysis on the oilfield service sector through its OFS module. The gold banner report, published every 3 to 4 weeks, covers the active sector with news and analysis on drilling, completions, field operations and technology.

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  • Published every 3 weeks; 17+ issues per year
  • Covers drilling rigs, field services, completions, equipment, OFS performance, supply, costs
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News Date
Halliburton rumored to be looking at acquisitions
While many services firms took the downturn to acquire other companies, Halliburton has been largely silent on the M&A front after its failed Baker Hughes takeover. Now the company has a 2017...
Apr 21, 2017
Badger Explorer ASA enters into LOI to acquire Dwellop
Norway-based Badger Explorer said it has entered into an LOI with the shareholders of Dwellop to acquire all of the outstanding shares of Dwellop. The LOI calls for Badger to purchase 100% of the...
Apr 21, 2017
Total Energy Services clinches Savanna ownership
Total Energy Services (TES) finally acquired majority ownership of Savanna Energy Services after more than 51% of Savanna’s shareholders accepted TES’ $333 million (C$444 million) shares-and-cash...
Apr 21, 2017
Wood Group extends North Sea contract with Premier Oil
Wood Group has been awarded a $50 million contract with Premier Oil to deliver topside operations and maintenance services to the Balmoral floating production vessel in the central North Sea and the...
Apr 21, 2017
Schlumberger creates JV with YPF to develop shale
Schlumberger and Argentina’s state-controlled YPF signed a $390 million agreement to start a shale oil pilot project in Bandurria Sur Block of the Vaca Muerta. Under the terms of the agreement, YPF...
Apr 21, 2017
Revived C&J plans to raise $195 million in stock offer
Just a few weeks out of bankruptcy, C&J Energy Services has priced a public offering of 7.0 million shares at $32.50 per share, with 1.0 million of that being offered by a selling stockholder, an...
Apr 21, 2017
Select Energy Services raises $122 million in IPO
Water services company Select Energy Services went public on April 21, and raised $121.8 million after issuing 8.7 million shares at $14 a share. Underwriters were granted a 1.305 million-share...
Apr 21, 2017
Big service names driving dynamic deals
It had been two and a half months since Schlumberger (SLB) made a acquisition so it came as no surprise when the frequent buyer returned in a set of deals at the end of Q1. The first deal was made...
Apr 21, 2017
China’s Greka hired to drill offshore India
Chinese company Greka Drilling has been chosen by India’s Oil and Natural Gas Corp. (ONGC) to drill its Bokaro coalbed methane offshore asset. ONGC is expect to issue an LOI sometime this month...
Apr 21, 2017
People Briefs - April 21, 2017
Divergent Energy Services has appointed Cameron Barton to its board of directors. Barton has more than 35 years of international experience in implementing change strategies, corporate financial...
Apr 21, 2017

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