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Heritage Oil staked its claim to Libya's vast hydrocarbon reserves yesterday with the $19.5m (£12.7m) acquisition of a small oil and gas services provider based in Benghazi. Libya after the uprising, will use the takeover of Sahara Oil Services as a
There's a new land rush on the Oklahoma state line, but this time it's not settlers stampeding south, it's oil companies flowing north. Expensive new technologies that bring new life to old oil fields have prompted several large oil companies to buy
We forecast strong growth in the North American drilling markets through 2012. In response, oil service companies have started a new round of equipment building, particularly drilling rigs, directional drilling units and pressure pumping capacity, Mr.
Oil services group Hunting has agreed to pay £475m for US group Titan, which specialises in gun systems, charges and other hardware used in drilling and maintaining oil and gas wells. The move increases its presence in the US shale oil and gas
The Other Oil Services ETFs Short-term traders love oil services stocks. NOV ) often sharply outperform integrated oil stocks when oil prices are rising...Indeed there is and we're going to evaluate two of OIH's unheralded competitors in this week's
756p (+15p) Hunting's global reach has always been among its chief attractions, in our view. And it was on show yesterday, when the oil and gas services group posted an update ahead of its half-yearly results in August. Thanks to its international
With five points, Schlumberger finishes in the middle of the pack. The oil services company is at the top of its industry, and while there may be storm clouds on the horizon, things are good for the energy business right now. When people think of
And because only one of the 11 fields that the Iraqis auctioned off went to an American oil company Exxon Mobil it also seemed as if few petroleum benefits would flow to the country that took the lead role in the war, the United States. The auction'
Two important pieces recently appeared to increase the enormous interest being generated in shale oil one a research report from Morgan Stanley and an in-depth piece by the New York Times. Both pieces point investors in one common direction towards
Abraaj Capital, a Dubai-based private equity firm managing $6.2 billion, said it may invest in logistics and oil service industries after concluding a $540 million purchase of a stake in a credit card processor. Abraaj is also ready to pull out of a