Schlumberger pulls out of Eurasia drilling deal on obstacles

27 September 2015, News Wires – Schlumberger Ltd. will not pursue a $1.7 billion agreement to buy a minority stake in Russia’s largest driller Eurasia Drilling Co. beyond Sept. 30 after a lack of regulatory approvals stalled the deal. The world’s largest oilfield services provider will instead focus on other merger and acquisition opportunities, it said in […] More »