Nabors Industries: Completes Tesco Corporation Acquisition
Nabors Industries Ltd. (“Nabors”) (NYSE: NBR) and Tesco Corporation (“Tesco”) (NASDAQ:TESO) today announced the completion of the previously announced acquisition of Tesco by Nabors. Under the terms of the agreement, Nabors acquired all common shares of Tesco in an all-stock transaction. Tesco shareholders will receive 0.68 common shares of Nabors …
Nabors: Acquires Tesco Corporation in an All-Stock Transaction
Nabors Industries Ltd. is pleased to announce that the company has signed an Arrangement Agreement to acquire all of the issued and outstanding common shares of Tesco Corporation, with each outstanding share of common stock of Tesco being exchanged for 0.68 common shares of Nabors. This transaction will create a …
Russian Drilling Contractors Roundtable – RDCR – 11th of April – Update
On April 11th, at the Swissotel Moscow, TMG Worldwide is organizing the 1st Russian Drilling Contractors Roundtable, www.rdcr.net The RDCR is a one day event. The event is designed to provide a platform for the regional drilling contractors to discuss which technologies are available for their rig and equipment upgrade …
Tesco and Schlumberger Enter into Definitive Agreement on Casing Drilling™ Division
Tesco Corporation and Schlumberger today announced that they have signed a definitive agreement for Schlumberger to acquire Tesco’s CASING DRILLING™ division for $45 million in cash. “Our CASING DRILLING™ division comprises some of our leading technologies, which Tesco has incubated for several years,” said Julio M. Quintana, chief executive officer …
ERIELL Group started drilling activities within the framework of new Achimgaz Project
ERIELL Group started drilling at Urengoi Oil and Gas Condensate Field. Wintershall Chief Executive Officer Dr. Rainer Seele supervised BHA fitting and drilling of first meters of well. ERIELL Group was selected as the General Contractor following the tender held by CJSC Achimgaz. The Contract stipulates construction of 20 vertical …