Canada player buys drilling technology company as sector M&A continues

Cathedral Energy Services acquires Rime Downhole Technologies for US$41 million amid further consolidation in North America oilfield services patch

Consolidation: A pump jack operates in front of a drilling rig at sunset in an oilfield in Midland, Texas US. — Consolidation: A pump jack operates in front of a drilling rig at sunset in an oilfield in Midland, Texas US.Photo: REUTERS/SCANPIX

Iain Esau

London

Cathedral Energy Services Canada US Americas North America

Published 12 July 2023, 10:54Updated 12 July 2023, 10:54