--Schlumberger Ltd. (SLB) pulled its plans to acquire a stake in Russia's Eurasia Drilling Company Ltd., Reuters reports Monday.

--Russia's anti-monopoly service said Monday the U.S. oil-field services company was no longer pursuing a stake in Eurasia Drilling, which is the largest oil services provider in the country, the report said.

--Schlumberger had no immediate comment, but last month had said it would drop plans to acquire a stake in Eurasia Drilling if it didn't get the necessary government approvals quickly, the report said.

 

Full story: https://www.reuters.com/article/us-russia-schlumberger-edc/schlumberger-scraps-bid-for-stake-in-russias-eurasia-drilling-idUSKCN1PT1IL

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

February 04, 2019 12:02 ET (17:02 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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