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DRILLING

Mid-tier drillers follow Halliburton's lead

CONSOLIDATION in the oil field services sector is yet to take hold, but there are signs that may be about to change with Canada's Trinidad Drilling announcing it is buying rival CanElson Drilling for about $470 million.

Haydn Black
Mid-tier drillers follow Halliburton's lead

The merger comes after months of lower oil and gas prices, and declining activity that has caused more than half of North America's rigs to be stacked over the past 12 months. The Canadian rig count...

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