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Schlumberger to make ‘final attempt & approach’ to Eurasia

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Oil services giant Schlumberger could potentially cancel its attempt to acquire a controlling stake in Russia’s Eurasia Drilling because it has been unable to obtain required regulatory approvals from Russian authorities. In July 2017, SLB proposed to take a 51% stake in Eurasia, with Russia’s Federal Antimonopoly Service giving tentative approval in April 2018 to SLB taking a 25-49% stake in Russia’s biggest driller but not to the 51%. Then in October, the government......
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