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Daily Archives: January 1, 2018

Weatherford Completes Schlumberger Deal for $430 Mln

by  Rigzone Staff | Tuesday, January 02, 2018 Oilfield services company Weatherford International plc has completed the sale of its U.S. pressure pumping and pump-down perforating assets to a subsidiary of Schlumberger Limited for $430 million in cash. Approximately 100 Weatherford employees associated with the businesses will transfer to Schlumberger as part of the deal. In a …

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A guide to Mideast markets in 2018

For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king. In the past 12 months, tension between Saudi Arabia and Iran escalated, ties between Qatar and its neighbors were severed, rebels in Yemen …

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The Navy Rises to the Challenge

Chiemelie Ezeobi writes that the recent Exercise Eagle Eye II at the Bonny and Brass waters afforded the Nigerian Navy the opportunity to assess its operational readiness in conducting maritime policing against piracy and other illegalities It was at the waters between Bonny and Brass code named ‘Area Alpha Juliet’ …

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