Atlas Copco acquires Focus Rocbit, Prisma Roctools

Atlas Copco (India) has exercised an option to buy the remaining 75% of shares in Focus Rocbit and Prisma Roctools.

Apr 1st, 2009

Offshore staff

STOCKHOLM -- Atlas Copco (India) has exercised an option to buy the remaining 75% of shares in Focus Rocbit and Prisma Roctools.

Atlas Copco acquired 25% of the companies in April 2008. Focus is a manufacturer of bits for rotary drilling and Prisma makes bits and hammers for downhole drilling.

The companies have been integrated within Atlas Copco's Secoroc division.

04/01/2009

More in Company News

Schlumberger divests fishing and tubulars businesses, assets

Wellbore Integrity Solutions, an affiliate of Rhône Capital, has agreed to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with part of a manufacturing facility on Rankin Road in Houston from Schlumberger.

Aqualis merging with Braemar

Aqualis has agreed to acquire the majority of the Braemar Technical Services division.

Occidental to acquire Anadarko

Anadarko Petroleum Corp. has terminated its merger agreement with Chevron Corp. and has entered into a definitive merger agreement with Occidental Petroleum Corp.

Anadarko expected to terminate Chevron merger agreement

Chevron Corp. said it will not make a counterproposal to Occidental Petroleum’s Corp. revised bid to acquire Anadarko Petroleum Corp.

Anadarko acknowledges merits of latest Occidental bid

Anadarko Petroleum’s board has declared that Occidental Petroleum’s revised takeover offer constitutes a “Superior Proposal,” compared with the Chevron merger agreement.

OTC 2019: TAQA looking to raise North America oilfield services profile

Saudi Arabia’s Industrialization and Energy Services Co. (TAQA) aims to complete the acquisition of two companies in the North American oilfield services technology and manufacturing sectors by year-end.

OTC 2019: More major oil companies join additives JIP

Petrobras and ConocoPhillips have signed up to a joint industry project concerning certification for additively manufactured industrial parts.

Craig to provide maintenance support for BP’s North Sea platforms

BP has awarded Craig International a three-year, £20-million ($26.2-million) procurement contract in the UK offshore sector.

TGS to acquire Spectrum

TGS-NOPEC Geophysical Co. has agreed to terms for the acquisition of Spectrum, a provider of 2D and 3D seismic data.

Craig clinches Spirit UK offshore procurement deal

Spirit Energy has awarded oilfield procurement specialist Craig International a five-year contract with a two-year extension option.

Wintershall Dea starts operations

Wintershall and DEA Deutsche Erdoel have completed their merger, following approvals from all relevant authorities and shareholders BASF and LetterOne.

Diving forum to address safety measures

Three groups have established the International Diving Industry Forum with a view to lessening the risks associated with energy industry diving operations worldwide.

WorleyParsons completes Jacobs ECR acquisition

WorleyParsons has completed the $3.2-billion (A$4.55-billion) acquisition of Jacobs Engineering Group Inc.’s Energy, Chemicals and Resources division.

Anadarko to resume negotiations with Occidental

Anadarko Petroleum Corp. said it intends to resume negotiations with Occidental Petroleum Corp. in response to its acquisition proposal delivered on April 24.