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OPERATIONS

Drillers merge, LPG rivals fail to create behemoth

AS the price heads further up and cautious longer term outlooks suggest an average price of US$65 per barrel for Brent service companies are embarking on a new round of deals to capture a better market share.

Helen Clark & Paul Hunt
Drillers merge, LPG rivals fail to create behemoth

 Ensco and Rowan announced a merger this week while Baker Hughes GE will take a 5% of Abu Dhabi's National Oil Company's drilling arm for US$550 million, earning a seat at the board as part of the deal. ...

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