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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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News Date
Goodnight acquires water disposal assets in Permian
Goodnight Midstream has acquired the produced water gathering and disposal business of Black Mountain Disposal in Glasscock and Reagan counties, TX, as the fluids management company expands in the...
Jun 23, 2017
Rubicon buys World Oil Tools in its second acquisition of Q2
Rubicon Oilfield International acquired World Oil Tools, a Calgary manufacturer of specialty inflatable products and technology used in completions in its second deal this quarter. Financial terms...
Jun 23, 2017
Total Energy officially acquires Savanna
Total Energy Services completed its $333 million acquisition of Savanna Energy Services, as a hostile takeover fight ended with the approval of 99.99% of Savanna shareholders. At a special meeting in...
Jun 23, 2017
Transocean completes $1.35B sale of jackup rigs to Borr
Borr Drilling completed its $1.35 billion purchase of Transocean’s jackup fleet with Borr taking 10 high-specification jackups and financial obligations for five jackups under construction at Keppel...
Jun 23, 2017
Trican closes $502MM acquisition of Canyon Services
Trican Well Services closed its $502 million acquisition of Canyon Services Group. On June 2, Trican acquired all the issued and outstanding common shares of Canyon at a rate of 1.7 Trican shares per...
Jun 23, 2017
Wood & Amec Foster Wheeler shareholders back merger
Shareholders of Wood Group and Amec Foster Wheeler overwhelmingly approved the merger of the two Scottish companies. Valued at $3.9 billion in stock and debt, the deal is expected to be completed in...
Jun 23, 2017
Tullow & Repsol acquiring 3D data off Guyana near Liza
Companies with acreage close to ExxonMobil’s Liza oil find off Guyana are trying to determine if their blocks contain similar potential. Tullow Oil hired WesternGeco to collect 2,550 sq km of 3D data...
Jun 23, 2017
CGG files for bankruptcy with new reorg plan
Paris-based geoscience company CGG filed for bankruptcy in France and the US on June 14, and submitted a restructuring plan to replace its unsecured debt with equity and extend the maturity of its...
Jun 23, 2017
Layne Christensen re-enters oil & gas after 5-year hiatus
Layne Christensen Co., the largest water well drilling company in the US, has launched a new energy infrastructure business with a new water pipeline system for energy producers in the Delaware...
Jun 23, 2017
US Silica starting construction on West Texas frac sand mine
US Silica Holdings said construction will begin immediately for a frac sand mine and plant in West Texas to serve the Permian Basin. The 4.0 million tons/year facility is part of US Silica’s plan to...
Jun 23, 2017

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