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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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    rigs & equipment for sale
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News Date
EU approves GE-Baker Hughes merger ‘unconditionally’
The EU competition authority has “cleared unconditionally” GE Oil & Gas’ acquisition of Baker Hughes, the European Commission announced on May 31. The companies still need regulatory approval in...
Jun 02, 2017
Flotek sells production tech segment as part of strategy
Flotek Industries sold its production technologies segment for $2.9 million to an undisclosed buyer. The company’s move is part of a strategic shift to focus on energy chemistry and consumer and...
Jun 02, 2017
H&P buys drilling tech creator in rare acquisition
Helmerich & Payne has agreed to purchase Motive Drilling Technologies for $75-100 million in a rare trip into the M&A market for the Tulsa, OK, contract driller. H&P will pay $75 million to...
Jun 02, 2017
Key weathers the storm to reduce net loss YOY
In its first quarter out of bankruptcy, Key Energy Services cut its Q1 net loss by 43% YOY to $46.9 million even as revenue fell by 8.7% YOY to $101.5 million. Lower US operating costs helped offset...
Jun 02, 2017
Mammoth completes acquisition of bankrupt Chieftain Sand
Mammoth Energy Service closed the acquisition of Chieftain Sand and Proppant for $36 million on May 26. The assets include wet and dry plants located on 600 acres in New Auburn, WI, and an estimated...
Jun 02, 2017
Secure to acquire fellow Canadian fluids disposal firm
Secure Energy Solutions, a Calgary-based fluids and solids solutions provider, will acquire Ceiba Energy Services in a cash-and-stock deal valued at C$37 million ($27 million). The deal’s value...
Jun 02, 2017
Select cuts net loss in half aswell completion rate rises
Select Energy Services halved its net loss YOY to $12.3 million in Q1 while increasing revenue 15% to $99.9 million. The water services provider benefited from increased drilling and completions. CEO...
Jun 02, 2017
Maersk Viking’s dayrate at Julia field slashed in extension
The contract for the Maersk Viking in the Gulf of Mexico has been extended for 150 days by ExxonMobil. Maersk Drilling estimated the value of the contract extension as $22.5 million, which comes out...
Jun 02, 2017
Halliburton, Trendsetter back well-capping response team
Halliburton, Trendsetter Engineering and Oil Spill Response Ltd have signed a MOU for integrated subsea well-capping response. The companies will create a strategic alliance for E&P companies around...
Jun 02, 2017
Newpark Resources signs $70MM in international contracts
Newpark Resources will provide drilling fluids and related services as part of Baker Hughes' integrated service offering as part of the Greater Enfield project in offshore Western Australia. The...
Jun 02, 2017

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