But the deal unraveled after the Beverly Hills oilfield, since sold, returned to haunt Gibbs.
Lufkin competes with other oilfield services companies like Baker Hughes, Cameron Corp. and FMC Technologies.
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Theyd get a chit for future payments -- only if the Thai oilfield met certain goals.
The company has vertically integrated operations and owns substantial midstream, compression, drilling and oilfield service assets.
Housing and canteens are being built close to the oilfield, along with a football pitch.
Best, is about the best guy you could get to run an oilfield steel firm like this.
Baker Hughes provides oilfield services, products, technology and systems globally to the oil and natural gas industry.
The acquisitions were made through Asco's Canadian onshore oilfield services company, Moko, which is based in Alberta.
Contour Energy Systems has an exclusive partnership with Schlumberger for oilfield applications of its battery technology.
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The 42.5m boat, operated by Aberdeen-based Vroon Offshore Services, was in the Balmoral oilfield at the time.
Aramco still has not recovered from Shamoon, which thankfully is not thought to have affected oilfield operations.
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An agreement was reached in the row about how best to develop the giant Kashagan oilfield .
In the UK, it increased its majority stake in the offshore Schiehallion oilfield west of the Shetland Islands.
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Another commodity buy was the Oil Service HOLDRs, an ETF made up of 18 large-cap oilfield services companies.
"If you are going to develop an oilfield, you contract with a Shell or a Schlumberger, " he says.
The Asco Group said it had acquired Alberta-based EJR Trucking, Manatokan Oilfield Logistics and Docktor Oilfield Transport Corporation.
Rig operator Transocean and oilfield services provide Halliburton were contracted by BP to develop the well.
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Kazakhstan is demanding a speedier payout than planned from a huge oilfield that Total is helping to develop.
In 1980 Amoco found a billion-barrel oilfield that extended onto a ranch Anschutz owned straddling the Utah-Wyoming border.
The company has operations in over 80 countries and its oilfield services operations are organized under four geographic divisions.
Western Geophysical, the seismic surveying arm of Houston-based oilfield services firm Baker Hughes, adopted the Intelisys system in June.
Halliburton remains enthusiastic over the long term prospects of the oilfield services business.
Thrown in essentially free: a 5% interest in a 4-billion-barrel oilfield in Azerbaijan.
The regional authorities are responsible for issuing permits to allow the oilfield's development.
The idea was for Shell to keep growing in an asset-light manner, outsourcing much of the drilling to oilfield contractors like Schlumberger.
Shares of Superior Well Services, an oilfield services firm in Indiana, Pa.
Its cranes can lift 400 tons and its giant holds are ideal for hauling hauls boats, generators, and oilfield equipment.
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Ali Khadr, the World Bank's Chad director, said oil would begin flowing from the country's southern Doba oilfield in July 2003.
Recently an oilfield was discovered off the coast of Brazil that could hold as much as 33 billion barrels of oil.
Gibbs grew up near Alvin, Tex. in Amoco company housing on the Hastings oilfield, where his dad was a production engineer.
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