National Oilwell Varco Inc. (NOV) Thursday said it completed acquisition of Wilson International from Schlumberger Ltd. (SLB).
Schlumberger has committed to divest the remaining portion of its distribution business by agreeing to support National Oilwell's previously announced proposed acquisition of all outstanding shares of CE Franklin Ltd. (CFK, CFT.TO) for C$12.75 per share in cash. Schlumberger owns 9.73 million shares of CE Franklin, or about 56 percent of CE Franklin's outstanding shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.