Schlumberger planning to take over Weatherford International - KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com |

Schlumberger planning to take over Weatherford International

(Source: Wikimedia) (Source: Wikimedia)
(KWES) -

Schlumberger is planning to take over fracking business, Weatherford International.

Back in March, the company had announced they would be moving forward in a joint venture with Schlumberger.

But a week ago, they decided to sell their business.

Weatherford has suffered major losses since 2014.

The company plans to sell units to raise cash to hopefully reduce their $7.9 billion debt.

As part of the deal, about 100 Weatherford employees will transfer to Schlumberger.

Copyright 2018 KWES. All rights reserved. 

  • NewsMore>>

  • 2nd family files lawsuit relating to daycare altercation caught on camera

    2nd family files lawsuit relating to daycare altercation caught on camera

    Friday, July 13 2018 5:08 PM EDT2018-07-13 21:08:58 GMT
    Clovis daycare altercation caught on camera (Source: Eric Dixon)Clovis daycare altercation caught on camera (Source: Eric Dixon)

    A second lawsuit has been against a Clovis daycare where an altercation between two employees was caught on camera.

    A second lawsuit has been against a Clovis daycare where an altercation between two employees was caught on camera.

  • Odessa College holds Parent/Tot Swim Lessons for summer

    Odessa College holds Parent/Tot Swim Lessons for summer

    (Source: Odessa College)(Source: Odessa College)

    Odessa College is hosting Parent/Tot Swim Lessons over the summer for parents and their children infants up to age 2.

    Odessa College is hosting Parent/Tot Swim Lessons over the summer for parents and their children infants up to age 2.

  • New Mexico passenger bus crash kills 3, injures 24 others

    New Mexico passenger bus crash kills 3, injures 24 others

    Sunday, July 15 2018 12:40 PM EDT2018-07-15 16:40:07 GMT
    Monday, July 16 2018 6:06 AM EDT2018-07-16 10:06:41 GMT
    Authorities say a crash involving a passenger bus and three other vehicles on a highway in New Mexico has killed three people and sent 22 others to the hospital. (Source: CNN)Authorities say a crash involving a passenger bus and three other vehicles on a highway in New Mexico has killed three people and sent 22 others to the hospital. (Source: CNN)

    Authorities say a crash involving a passenger bus and three other vehicles on a highway in New Mexico has killed three people and sent 22 others to the hospital.

    Authorities say a crash involving a passenger bus and three other vehicles on a highway in New Mexico has killed three people and sent 22 others to the hospital.

Powered by Frankly