Financial Times FT.com

Wellstream in frame as takeover talk swirls

ByMiles Johnson

Published: July 30 2010 09:25 | Last updated: July 30 2010 20:39

London’s oil services companies were in focus on Friday as Royal Bank of Scotland raised the prospect of renewed takeover activity in the sector.

Last month’s $5.4bn Acergy-Subsea 7 merger in Norway raised expectations that BP’s Gulf of Mexico spill could lead to other oil services operators opting for defensive deals.

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