Home Oilwell drillers Trinidad and CanElson to merge in $505 million deal
 

Keywords :   


Oilwell drillers Trinidad and CanElson to merge in $505 million deal

2015-06-11 20:03:49| Logistics - Topix.net

Oilfield services companies Trinidad Drilling Ltd. and CanElson Drilling Inc. have agreed to merge in a deal worth $505 million. The merger is intended to save costs and create a more geographically diverse base of operations, according to the companies, as the industry faces major spending cutbacks.

Tags: million deal trinidad merge

Category:Transportation and Logistics

Latest from this category

All news

19.05Eastern North Pacific Tropical Weather Outlook
19.05Atlantic Tropical Weather Outlook
19.05Atlantic Tropical Weather Outlook
19.05Eastern North Pacific Tropical Weather Outlook
18.05Eastern North Pacific Tropical Weather Outlook
18.05Atlantic Tropical Weather Outlook
18.05Eastern North Pacific Tropical Weather Outlook
18.05Atlantic Tropical Weather Outlook
Transportation and Logistics »
19.05Eastern North Pacific Tropical Weather Outlook
19.05Atlantic Tropical Weather Outlook
19.05'I had no choice but to get a 35-year mortgage'
19.05Fujitsu sacked boss at height of Horizon scandal
19.05Atlantic Tropical Weather Outlook
19.05Eastern North Pacific Tropical Weather Outlook
19.05Businessman Tony O'Reilly dies after short illness
18.05Eastern North Pacific Tropical Weather Outlook
More »