Tag: Trican
Calgary-based Trican Well Service and Canyon Technical Services merging
Combined company will be one of largest public Canadian oilfield services providers Trican Well Service Ltd. and Canyon Services Group Inc. announced in late March they have entered into an arrangement agreement where Trican has agreed to acquire all of the issued and outstanding common shares of Canyon on the basis of 1.70 common shares of […]
NOV acquires completion tools business of Trican Well Service
NOV says acquisition gives it new technologies, best-in-class manufacturing, sales into new markets National Oilwell Varco, Inc. says plans to acquire Trican Well Service Ltd.’s completion tools business, which designs and sells downhole tools for multi-stage fracturing and completions in North America and select international markets, for $53.5 millionCDN. “The transaction with NOV will strengthen our balance sheet and will […]
Trican hit hard by low oil price, negotiating to sell US fracking business
Trican has 2,400 to 2,500 less staff compared to 2014, mostly in North America CALGARY, Alta- Trican Well Service Ltd. has announced that it is in negotiations with Keane Group, a privately-held, US-based well completion services company, for the sale of its American fracking business. Trican was negotiating the sale of its Kazakhstan operations to Rosneft Oil Co., which bought its […]
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