Key Developments: Schlumberger NV (SLB.N)

SLB.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Schlumberger Unit to Plead Guilty to Violating Iran, Sudan Sanctions - WSJ
Wednesday, 25 Mar 2015 07:08pm EDT 

Schlumberger Ltd:Has agreed to pay $232.7 million for violating U.S. sanctions in Iran and Sudan, part of the government’s extended crackdown on companies doing business with countries the U.S. has declared off limits - The Wall Street Journal.As part of a plea agreement with the Justice Department, Schlumberger will pay a $155.1 million criminal fine and forfeit $77.6 million in illegally obtained profits.Schlumberger Oilfield Holdings Ltd., a subsidiary, will also plead guilty to conspiring to violate the International Emergency Economic Powers Act, or IEEPA, which enables the government to block transactions involving countries under sanctions.The agreement, which still needs court approval, caps a six-year investigation by the Justice Department and the Commerce Department.Schlumberger unit in Texas illegally facilitated the export of drilling equipment to Iran and Sudan from 2004 to 2010 by using special shipping methods to sidestep U.S. sanctions.As part of the company’s penalty, Schlumberger will enter a three-year probation period during which it must notify the government of any other potential sanctions violations.  Full Article

Schlumberger NV announces ordinary dividend payment
Tuesday, 27 Jan 2015 07:00pm EST 

Schlumberger NV:Announces that it has decided to proceed with the cash dividend distribution on the ordinary shares.Says ex date is on Feb. 2.Says record date is on Feb. 11.Says payment date is on April 10.Says gross dividend is $0.5.Says paying agency is BNP Paribas Securities Service (030).  Full Article

Schlumberger declares 25 pct increase in quarterly dividend
Thursday, 15 Jan 2015 01:00pm EST 

Schlumberger Ltd:Declares a quarterly dividend of $0.50 per share of outstanding common stock.Payable on April 10 to stockholders of record at the close of business on Feb. 11.  Full Article

Schlumberger Limited announces cash distribution
Monday, 20 Oct 2014 08:00pm EDT 

Schlumberger Limited:Announces that it has decided to proceed with the cash dividend distribution on the ordinary shares.Says ex date is on Dec. 1.Says record date is on Dec. 3.Says payment date is on Jan. 9, 2015.Says gross dividend is $.040.Says paying agency is BNP Paribas Securities Service (00000030).  Full Article

Schlumberger Limited OneSubsea, Helix and Schlumberger to Form Subsea Well Intervention Alliance
Tuesday, 12 Aug 2014 02:00am EDT 

OneSubsea, a Cameron, Schlumberger company and Helix Energy Solutions Group, Inc:Enters into letter of intent to form alliance to develop technologies and deliver services to optimize the cost and efficiency of subsea well intervention systems.  Full Article

Schlumberger Limited declares quarterly dividend
Thursday, 17 Jul 2014 01:00pm EDT 

Schlumberger Limited:Declares quarterly dividend of $0.40 per share of outstanding common stock.Dividend is payable on Oct. 10, 2014 to stockholders of record at the close of business on Sept. 03, 2014.  Full Article

Schlumberger Limited declares quarterly dividend
Thursday, 17 Apr 2014 05:00am EDT 

Schlumberger Limited:Declares a quarterly dividend of $0.40 per share of outstanding common stock.Payment date July 11.Record date June 04.  Full Article

Gazprom neft' OAO and Schlumberger NV expand technical cooperation for development of shale oil reserves
Sunday, 9 Feb 2014 07:00pm EST 

Gazprom neft' OAO:Says Gazprom Neft and Schlumberger have signed a supplement to their Framework Agreement on Technology Cooperation, which was made in 2011.Says the companies expand cooperation to achieve greater efficiency in development of hard-to-extract shale oil reserves, mainly from Bazhenov deposits in Western Siberia.Says in the near future, the companies will cooperate on Gazprom Neft plans for the development of Bazhenov-Abalaksky group at the Palyanovskaya area of the Krasnoleninskoye field.Says that later cooperation will extend to other projects for development of non-conventional oil reserves in Khanty-Mansi Autonomous District.Says as a technology partner, Schlumberger will provide Gazprom Neft with technical solutions.Says representatives of Gazprom Neft and Schlumberger will be members of the Joint Coordinating Committee, which will determine the strategy, objectives and performance indicators in the implementation of Bazhenov formation development projects.Says Schlumberger experts shall also participate in the Gazprom Neft Scientific and Technical Council meetings related to the Bazhenov-Abalaksky group projects.  Full Article

Schlumberger NV declares 28 pct increase in quarterly dividend
Thursday, 16 Jan 2014 04:37pm EST 

Schlumberger Ltd:Approves a 28 pct increase of the quarterly dividend.Says increased dividend of $0.40 per share of outstanding common stock is payable on Apr. 11 to stockholders of record at the close of business on Feb. 19.  Full Article

Schlumberger NV Declares Quarterly Dividend
Thursday, 17 Oct 2013 01:27pm EDT 

Schlumberger NV announced that it has declared a quarterly dividend of $0.3125 per share of outstanding common stock. The dividend is payable on January 10, 2014 to stockholders of record at the close of business on December 4, 2013.  Full Article

Russia to decide on Schlumberger bid for Eurasia Drilling in 2-3 weeks

MOSCOW, May 21 - A Russian government commission should decide on Schlumberger's bid for Eurasia Drilling in two to three weeks, an official from Russia's Federal Antimonopoly Service (FAS) said on Thursday.

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