Schlumberger to abandon Russia’s EDC bid if approvals not met soon

19 January 2018, News Wires — Schlumberger NV said on Friday it would withdraw its application for the acquisition of a stake in Russia’s Eurasia Drilling Company (EDC) if it is not successful in getting approvals soon. Schlumberger said it would buy a stake in EDC, Russia’s largest oilfield services provider, back in 2017. “Unfortunately, we have … More »