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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
Optimists say 1Q18 hiccups won't change 2018 uptick
Companies started 2018 with a fair amount of optimism amid a stable crude price, growing rig count and hints of an international activity uptick. Now, with the first Q1 earnings results coming in a...
Apr 18, 2018
BHGE hoping for $900MM sale of its gas metering business
Baker Hughes, a GE company is reportedly considering the sale of its gas detection and metering business. General Electric, which owns 62.5% of outstanding BHGE shares, has been outspoken in its goal...
Apr 18, 2018
Layne defends $565MM acquisition offer by Granite
Cetus Capital, a shareholder in water management company Layne Christensen, said Granite Construction’s $565 million offer to buy the company is too low and fails to appreciate Layne’s oilfield water...
Apr 18, 2018
Select Sands to build 400,000-ton facility in Arkansas
Select Sands Corp. will purchase a 223-acre property in northeastern Arkansas and immediately start work ona new 400,000 ton per year production facility. Once the facility is completed in H2, Select...
Apr 18, 2018
Unit Corp sells half of midstream sub with eyes on expansion
In a story we covered in MidstreamIntelligence, Unit Corp. sold 50% stake in its midstream subsidiary Superior Pipeline Co. for $300 million to a joint venture of investment funds. The Tulsa-based...
Apr 18, 2018
Trinidad to sell 3 Saudi rigs instead of moving them to Texas
Trinidad Drilling will sell its three remaining rigs located in Saudi Arabia instead of relocating them to the Permian Basin. Calgary-based Trinidad will instead spend $16 million upgrading three...
Apr 18, 2018
Transocean finishes acquisition of last Songa shares
Transocean completed the compulsory acquisition of the remaining outstanding shares of Songa Offshore SE, part of its $3.4 billion acquisition. Switzerlandbased Transocean owned 97% of shares before...
Apr 18, 2018
Emerson acquisition leads to multi-year Repsol contract
Emerson will provide its Paradigm Exploration & Production software suite across all Repsol global exploration operations under a new multi-year contract. Repsol will leverage Emerson’s E&P...
Apr 18, 2018
Schlumberger tapped to craft development plan in Kenya
Schlumberger will finalize a development plan for the Lokichar Basin under an agreement with Kenya’s National Oil Corporation. Over the next year, Schlumberger will develop have a blueprint for the...
Apr 18, 2018
Saudi royal visit brings MOUs for TechnipFMC & Honeywell
TechnipFMC and Honeywell UOP signed memorandums of understanding with Motiva Enterprises to study ways to use each companies’ technology at potential petrochemical projects. The potential...
Apr 18, 2018

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