Service Companies | Egypt Oil & Gas

San Misr Revenues Increase 30% in 2020

The Egyptian Maintenance Company (San Masr) achieved a growth rate of EGP 6.6 billion, an increase of 30% over 2019, Mohamed Shimy, Chairman of the company, stated during San Misr’s general assembly.

Schlumberger Buys Cameron, Becomes Industry’s First Integrated Drilling and Production Company

Schlumberger has announced that it will buy oil services rival Cameron International for nearly $13b in cash and stocks,

North Sea Service Companies Cutting Jobs

Amec Foster Wheeler Plc and Petrofac Ltd on Tuesday joined a growing list of London-listed oil and gas support services companies planning to cut jobs in response to the tumble in oil prices.

Oil Service Giant Halliburton Beats Earnings Estimates

Halliburton Co. beat analysts’ estimates and accelerated the pace of job cuts ahead of a planned $34.6 billion takeover of Baker Hughes Inc.

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