Russia has given preliminary approval to a bid by U.S. oilfield services giant Schlumberger (SLB.N) to acquire up to 49 percent of Russia’s Eurasia Drilling Co (EDC), an unexpected decision given a chilling in U.S.-Russian relations. RIA news agency cited Igor Artemyev, head of Russia’s anti-monopoly body (FAS), as saying the regulator would quickly start talks with Schlumberger, the largest oilfield services company by revenue. …read more
Source:: Yahoo Finance
