Schlumberger and Subsea 7 form new join venture

The two offshore service companies Schlumberger and Subsea 7 are in talks to form a new joint venture that will build on an existing collaboration to provide services below and above water.
BY LOUISE VOGDRUP-SCHMIDT, SHIPPNIGWATCH

Schlumberger and Subsea 7 are currently in "exclusive negotiations" to form a new joint venture.

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