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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
  • Includes properties, oilfield services,
    rigs & equipment for sale
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News Date
Wood signs MOU endorsing Aramco initiative
Wood has entered into a memorandum of understanding with Saudi Aramco, signaling its support of the Saudi company’s In-Kingdom Total Value Add initiative. The IKTVA is part of the kingdom’s Vision...
Dec 06, 2017
Analyst Takes - December 06, 2017
Seaport Global: International markets to surprise in 2018(NYSE:HP; Nov. 17 – $54.37; Sell; PT: $42 to $44)With the near obsessive focus on the US, Brent prices have quietly held above $60...
Dec 06, 2017
Sector looks ahead to 2018 as GE looks for a way out
With only a few more weeks left in 2017, the future looms large in the minds of the sector. US land activity should remain busy as WTI has escaped the $40s. The rig count appears unlikely to erode...
Dec 06, 2017
People & Companies - December 06, 2017
Les Austin has been named SVP and CFO of Unit Corp. effective immediately. David Merrill, the prior CFO, was promoted to COO in August. Austin has more than 23 years of energy finance and leadership...
Dec 06, 2017
Emerson completes acquisition of Paradigm software
Emerson Electric completed its acquisition Houston-based Paradigm, a software provider, for $510 million. Emerson will combine Paradigm with the Roxar software business, creating an end-to-end...
Dec 06, 2017
Civeo adds Canadian oil sands worker lodger for $289MM
Civeo Corp. agreed to acquire Noralta Lodge, an Alberta-based provider of remote accommodations in the Canadian oil sands, expanding the Houston-based workforce accommodations provider. All of...
Dec 06, 2017
Tesco shareholders accept Nabors’ offer of $216MM in stock
Tesco Corp. shareholders approved its proposed acquisition by Nabors Industries even though Russian regulators have yet to sign off on the deal. Bermuda-based land driller Nabors is offering $216...
Dec 06, 2017
WFT may sell international pressure pumping this year
Weatherford International has hired Morgan Stanley to help it divest assets, reportedly including its much-sought-after artificial lift business. Its international pressure pumping assets are also...
Dec 06, 2017
Aker BP & Halliburton create pair of alliances
Aker BP and Halliburton have entered into two separate alliance agreements, one with Maersk Drilling for jackups and one with Odfjell Drilling for semi-submersibles. Halliburton will provide Aker...
Dec 06, 2017
Frigstad starts tender process for new semisub design
Frigstad Offshore is looking to build a new-generation harsh-environment semisubmersible drilling rig and is asking Asian shipyards for tenders. Affiliate Frigstad Engineering spent the past two...
Dec 06, 2017

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