USA: Schlumberger Sells Wilson Business to National Oilwell Varco

USA Schlumberger Sells Wilson Business to National Oilwell Varco.

 

Schlumberger Limited announced that it has completed the sale of its Wilson distribution business to National Oilwell Varco, Inc.

Additionally, Schlumberger has committed to divest the remaining portion of its distribution business by agreeing to support NOV’s previously announced proposed acquisition of all outstanding shares of CE Franklin Ltd. for CAD$12.75 in cash per share. Schlumberger owns 9,729,582 common shares of CE Franklin, or approximately 56% of CE Franklin’s outstanding common shares.

Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing more than 113,000 people representing over 140 nationalities and working in approximately 85 countries, Schlumberger provides the industry’s widest range of products and services from exploration through production.

Schlumberger Limited has principal offices in Paris, Houston and The Hague, and reported revenues of $39.54 billion in 2011.

Subsea World News Staff, June 01, 2012

Share this article

Follow Subsea World News

Events>

<< May 2016 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Underwater Technology Conference

2016 will be a year to remember for all of us working in the oil and gas industry and it will be talked about in decades to come, such as they…

read more >

5th International Conference Offshore Cabling 2016

At the upcoming event you will get the opportunity to learn from offshore cable installation case studies and gain insights into latest…

read more >

OPEX Global Subsea Power Cables Forum for the O&G and Energy Industry 2016

This year subsea power cable forum will bring together key experts from Oil and Gas and Energy Industry globally to discuss the current…

read more >

ADVANCED SUBMARINE POWER CABLE & INTERCONNECTION FORUM

The 2016 event will look to emulate the success of this years’ conference and continue to showcase real practical examples on what the industry…

read more >