Monday, February 22, 2010

Schlumberger to Buy Smith Int'l for $11B

Just as oil prices begin to bounce back from the recession, two oilfield services companies are merging in an $11 billion deal.

Industry leader Schlumberger - whose main offices are in Paris, Houston, and The Hague - has agreed to buy Smith International in a stock deal.

The global recession put a damper on energy demand and its worldwide drilling...

Visit Clean Skies for the full story.

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