Oilfield Services Notes: Schlumberger-Eurasia Deal Updates, Transocean's Scrapped Rigs

While offshore driller Transocean indicated that it would be scrapping another two rigs, Russia's Eurasia Drilling extends the final deadline for its stake sale to Schlumberger. The PHLX Oil Service Sector (^OSX) index rose by about 1.5% through the week, closing at levels of around 195 on Thursday. On the macro front, benchmark Brent crude prices declined last week to levels of around $55/barrel, as a preliminary nuclear deal was reached between world powers and Iran, raising the possibility th...