27.07.2010 • News

EU Clears Schlumberger Purchase of Smith International

Oilfield services company Schlumberger Ltd secured EU regulatory approval on Monday to buy Smith International in a $11.34 billion deal that will allow it to drill deeper for fossil fuel.

The acquisition, unveiled in February, was the latest in a string of oilfield services deals underlining the recovery in the sector.

"After examining the operation, the (European) Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it," the European Union executive said in a statement.

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Together for Sustainability (TfS) is a pioneering, member-led initiative working to accelerate sustainable and resilient chemical supply chains. TfS President Jennifer Jewson discusses the origins of TfS, its evolving goals, its present-day challenges, and the initiative’s enduring impact and outlook for the future.

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Unlock the latest breakthroughs in bispecific antibody development! Download Wiley’s free Expert Insights eBook to explore cutting-edge dual-targeting strategies, advanced purification methods, and bioanalytical technologies transforming immunotherapy and cancer treatment.

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VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.