In a letter to some 2,000 remaining employees (down from 4,300 in 2014), CEO Darin MacDonald announced the family -
owned oilfield services company was entering creditor protection and selling two divisions — along with his own resignation.
Not exact matches
On the one hand,
oilfield service companies have realized how valuable the data they get can be, while on the other hand, the E&P
companies say they
own everything coming out of their wells, including the data.
Defended international
oilfield services company in UNCITRAL arbitration brought by Caribbean state -
owned entity relating to drilling
services.