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National Oilwell Varco, Schlumberger ink deal

Houston : TX : USA | about 1 month ago
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The companies said the deal, expected to close in the fourth quarter of 2008 or early 2009, will enable them to accelerate the delivery of intelligent drilling solutions to customers. Under the agreement, National Oilwell Varco will take a 55 percent stake in the venture and assume operational control....

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