Oilfield companies Schlumberger, Weatherford form joint venture

Schlumberger Ltd. and Weatherford International PLC, both with operations in the Marcellus and Utica shale region, are forming a joint venture to provide oilfield completion products and services targeting unconventional resource plays in North America, reports the Houston Business Journal. The newspaper says the joint venture will be called OneStim, with Schlumberger managing its operations and consolidating the venture for financial purposes. For more, read the full story.

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