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Schlumberger NV (SLB.N)

SLB.N on New York Stock Exchange

84.05USD
30 Nov 2016
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Latest Key Developments (Source: Significant Developments)

Schlumberger declares quarterly dividend
Thursday, 15 Oct 2015 01:00pm EDT 

Schlumberger Ltd:Declared a quarterly dividend of $0.50 per share of outstanding common stock.Payable on January 8, 2016 to stockholders of record at the close of business on December 2, 2015.  Full Article

Schlumberger NV - market recovery to take longer, hints at more cost cuts - Reuters
Wednesday, 14 Oct 2015 08:00pm EDT 

Schlumberger NV:Schlumberger Ltd, suggested that it may have to reduce costs further and cut more jobs as it expects any rebound in drilling activity to now take longer than expected - Reuters.Even if crude prices improve next year, weak cash flows would curtail the ability of oil and gas companies to increase spending on exploration and production, Schlumberger Chief Executive Paal Kibsgaard said in a statement - Reuters.Kibsgaard said the oil market is also weighed down by concerns of slowing Chinese demand and additional supply from Iran - Reuters.Schlumberger said spending cuts by companies have been "dramatic", but it did not say how much it expects oil and gas companies to cut spending in North America and internationally – a forecast it issued in the previous two quarters - Reuters.  Full Article

Schlumberger announces agreement to acquire Cameron
Wednesday, 26 Aug 2015 06:00am EDT 

Schlumberger NV:Announces agreement to acquire Cameron.Deal for $14.8 billion.Says total transaction value of $14.8 billion as of Aug. 25.Says transaction expected to be accretive to Schlumberger earnings per share in first year after closing.Says combined company expects $300 million and $600 million in synergies in first and second years.Says Cameron shareholders will receive 0.716 shares of Schlumberger stock and a cash payment of $14.44 in exchange for each Cameron share.Cameron shareholders to get 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share.Deal for $66.36 per share.Based on the closing stock prices of both companies on Aug. 25, the agreement places a value of $66.36 per Cameron share.Says Goldman, Sachs & co. is acting as financial advisor to Schlumberger on deal.Says it is anticipated that the closing of the transaction will occur in the first quarter of 2016.Says the agreement was unanimously approved by the boards of directors of both companies.Says upon closing, Cameron shareholders will own about 10 pct of schlumberger's outstanding shares of common stock.  Full Article

Schlumberger Ltd declares quarterly dividend
Thursday, 16 Jul 2015 12:00pm EDT 

Schlumberger Ltd:Declared a quarterly dividend of $0.50 per share of outstanding common stock.Payable on Oct. 9 to stockholders of record at the close of business on Sept. 2.  Full Article

Cameron International and Schlumberger unit Onesubsea awarded contract for supply of subsea trees
Friday, 26 Jun 2015 07:30am EDT 

Cameron International:Onesubsea awarded contract for the supply of subsea trees for shah deniz two development, azerbaijan.Says onesubsea awarded contract of more than $60 million for shah deniz two development, operated by BP, offshore azerbaijan.Says deliveries are expected to commence 2016.OneSubsea is a Cameron and Schlumberger company.  Full Article

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

Ophir signs deal with Schlumberger JV for Equatorial Guinea project

British oil and gas explorer Ophir Energy Plc said it had signed an agreement with OneLNGSM, a joint venture between units of Golar LNG Ltd and Schlumberger, to develop the Fortuna project in Equatorial Guinea.