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Stock Market & Financial Investment News

News For SLB From The Last 14 Days
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September 30, 2015
15:02 EDTSLBSchlumberger won't buy stake in Russia's Eurasia Drilling, WSJ says
Schlumberger's $1.7B deal for a stake Russia's onshore drilling firm Eurasia Drilling has been called off after Russian authorities failed to approve the deal by Schlumberger's deadline, says the Wall Street Journal. Reference Link
07:59 EDTSLBSchlumberger estimates lowered by about 20% for 2016, 2017 at UBS
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September 24, 2015
12:07 EDTSLBSchlumberger: No plans to extend agreement to acquire Eurasia, Reuters says
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06:52 EDTSLBFracking companies see bankruptcies, closures, WSJ reports
A series of bankruptcies and closures has swept across the oil industry, with dozens of mostly small, privately owned fracking companies at risk, the Wall Street Journal reports. Most companies that help oil and gas explorers drill and frack wells are small, privately owned and fairly young, the report says. The fall in oil prices has played a large role in the failures of many of these companies, the report says. Companies in the space include Key Energy Services (KEG), Basic Energy Services (BAS), Schlumberger (SLB), and Halliburton (HAL). Reference Link

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