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Schlumberger NV (SLB)

SLB on New York Consolidated

63.32USD
18 Aug 2017
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$0.29 (+0.46%)
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Latest Key Developments (Source: Significant Developments)

Lamprell settles jacking equipment issues with Cameron International
Tuesday, 15 Aug 2017 02:20am EDT 

Aug 15 (Reuters) - Lamprell Plc ::LAMPRELL ‍TALKS LED TO SCHLUMBERGER AWARDING TO LAMPRELL CONTRACT. THESE ARE BEING CONSTRUCTED IN LAMPRELL'S EXISTING FACILITIES IN UAE​.LAMPRELL - ‍REACHED AMICABLE SETTLEMENT WITH CAMERON INTERNATIONAL, SCHLUMBERGER UNIT OVER ISSUES ASSOCIATED WITH JACKING EQUIPMENT SUPPLIED BY CAMERON IN 2016​.‍SETTLEMENT RESULTS IN LAMPRELL RECEIVING A PROPORTION OF REMEDIAL COSTS INCURRED IN RECTIFYING ISSUES ASSOCIATED WITH JACKING EQUIPMENT​.‍AFTER TAKING ACCOUNT OF OUTSTANDING PAYMENT, LAMPELL ANTICIPATES ITS CURRENT NET CASH POSITION WILL BE LARGELY UNCHANGED​.LAMPRELL - ‍HAS HELD CONSTRUCTIVE DISCUSSIONS WITH SCHLUMBERGER, WITH REGARDS TO SCHLUMBERGER'S LAND RIG FLEET REQUIREMENTS​.‍TALKS LED TO SCHLUMBERGER AWARDING TO LAMPRELL CONTRACT. THESE ARE BEING CONSTRUCTED IN LAMPRELL'S EXISTING FACILITIES IN UAE​.  Full Article

Weatherford reports second quarter 2017 results
Friday, 28 Jul 2017 07:00am EDT 

July 28 (Reuters) - Weatherford International Plc :Q2 revenue $1.36 billion versus I/B/E/S view $1.46 billion.Q2 loss per share $0.17.Q2 earnings per share view $-0.28 -- Thomson Reuters I/B/E/S.Q2 adjusted non-GAAP loss per share $0.24 excluding items.Weatherford International Plc - "‍believe our industry will remain range bound within this 'medium-for-longer' price level for some time"​.Says ‍until production growth is moderated, "we expect continuous short-term cyclical fluctuations​".Weatherford International Plc - ‍OneStim(SM)joint venture with Schlumberger on track to close in second half of 2017​.  Full Article

Geo-Jade Petroleum in investment deal with Soak Oil & Gas, Schlumberger
Thursday, 27 Jul 2017 07:48am EDT 

July 27 (Reuters) - Geo-jade Petroleum Corp <600759.SS>:Says it, Soak Oil & Gas LLP and Schlumberger Holding II sign agreement on investment in soak program.Says Schlumberger Holding II agrees to invest $214 million in Soak Oil & Gas for 30 percent stake.  Full Article

Schlumberger says it's likely to continue to see strong activity in U.S. in 2018 - conf call
Friday, 21 Jul 2017 10:03am EDT 

July 21 (Reuters) - Schlumberger NV ::Schlumberger NV says looking forward, expect U.S. land activity to "remain strong" throughout the second half of the year - conf call.Frac calendar fully booked well into Q4 in U.S. And "high demand" of drilling services expected to continue - conf call.Expect to double revenue from Schlumberger Production Management in the next two years - conf call.Schlumberger NV, on global oil market, says supply side is complex with "market nervousness" and investors speculation - conf call.Schlumberger NV CEO says expect to see a steady increase in activity, both in Q3 and Q4 in U.S. shale business - conf call.Schlumberger NV CEO says "likely that we will continue to see strong activity in the U.S. in 2018" - conf call.Schlumberger NV says expect to have all its total fleet of idle pressure pumping assets in operation by early Q4 - conf call.Schlumberger NV says "somewhat positively surprised" in terms of activity in the international market in Q2 - conf call.Schlumberger CEO says Q2 saw more negative oil sentiment, think it's going to turn in the second half of the year in terms of sentiments - conf call.Schlumberger CEO says I don't think we'll see a significant reduction activity in North America, but the growth rate might slow - conf call.Schlumberger says in Q3, we expect to see continuation of trends we have seen in Q2 - conf call.Schlumberger says in Q3, expect to see rig count to continue to grow, although at a slower pace than Q2 - conf call.  Full Article

Schlumberger reports Q2 loss per share of $0.05​
Friday, 21 Jul 2017 07:00am EDT 

July 21 (Reuters) - Schlumberger Nv -:Schlumberger NV qtrly ‍gaap loss per share, including charges of $0.40 per share, was $0.05​.Schlumberger NV qtrly ‍eps, excluding charges, was $0.35​.Qtrly ‍revenue of $7.5 billion increased 8% sequentially​.Schlumberger NV - qtrly ‍north america revenue increased 18%​.Schlumberger NV - qtrly pretax operating margin of 12.7 percent versus 11.0 percent in q1.Schlumberger NV - capex (excluding multiclient and spm investments) is expected to be $2.2 billion for 2017‍​.Schlumberger NV - ‍on july 20, 2017, schlumberger announced an agreement to acquire a majority (51%) equity interest in edc​.Schlumberger NV - "‍activity outlook in north america for second half of year remains robust​".Schlumberger NV - during the second quarter of 2017, schlumberger recorded $510 million of pretax charges that are classified in impairments & other.Schlumberger -"‍strengthening in international markets has so far been concentrated around land activity in western siberia and in opec gulf countries".Schlumberger NV - ‍also remain on track to close onestim(sm) joint venture transaction in second half of this year​.Schlumberger nv says ‍increased activity in north sea resulted from higher uk and norway drilling activity as rig count increased​ in quarter.Schlumberger - ‍now seeing increasing number of new offshore projects being prepared for tendering and fid in many of world's shallow water basins​.  Full Article

Schlumberger recommends stockholders reject offer by TRC Capital
Tuesday, 20 Jun 2017 08:39am EDT 

June 20 (Reuters) - Schlumberger Nv :Schlumberger recommends stockholders reject “mini-tender” offer by trc capital corporation.Schlumberger nv - "schlumberger does not endorse trc capital's unsolicited mini-tender offer".  Full Article

Schlumberger Limited and Production Plus Energy Services announce joint venture
Monday, 19 Jun 2017 11:23am EDT 

June 19 (Reuters) - Schlumberger Ltd::Schlumberger Ltd and Production Plus Energy Services announce creation of JV entities for purpose of developing HEAL System technology and business.Outside of United States and Canada, Schlumberger will be sole distributor of HEAL System technology.JV will autonomously develop its business in the U.S., Canada.  Full Article

JKX Oil and Gas signs deal with Schlumberger to stimulate 11 wells in Q2, Q3 of this year
Wednesday, 17 May 2017 02:00am EDT 

May 17 (Reuters) - Jkx Oil And Gas Plc :Signed contract with Schlumberger to stimulate 11 wells with multiple zones in Q2, Q3 of this year.Expected that Rudenkivske field stimulation program will begin within next two weeks.  Full Article

Schlumberger says "activity has now reached bottom in all regions"
Friday, 21 Apr 2017 10:12am EDT 

April 21 (Reuters) - Schlumberger Nv :Schlumberger says "activity has now reached bottom in all regions" - conf call.Schlumberger says early signs of light offshore work coming in the next couple of quarters.Schlumberger says increase in offshore activity or shallow water activity is probably going to be a second half of the year event, leading into 2018.Schlumberger sees Q2 EPS growth of around 15% to 20% from Q1.Schlumberger expects "solid top line growth" in North America in Q2.Schlumberger says in international markets, still seeing continued pricing pressure on new tenders.Schlumberger says Q1 should be low end of earnings for year in international markets with only limited growth in Q2, but more acceleration in H2.  Full Article

Schlumberger says do not expect significant sequential growth from Middle East over coming quarters
Friday, 21 Apr 2017 10:10am EDT 

April 21 (Reuters) - Schlumberger Nv :Schlumberger sees strength in activity in North Sea, Russia and Caspian regions in coming quarters as the winter season ends, new projects start up.Schlumberger says do not expect significant sequential growth from Middle East over coming quarters.Schlumberger says will likely face another challenging year in the international markets.Schlumberger says expects international activity growth to accelerate towards the back-end of 2017 and into 2018.Schlumberger says will have some headwinds around one time reactivation cost in the coming quarters.Schlumberger says will be subject to some additional activation costs probably in the second and the third quarter.Schlumberger says "ready to sit down, again, and continue discussions" with Ecuador's state-owned Petroamazonas.Schlumberger says can't say at this stage how long it'll take to resolve payment issues in Ecuador.  Full Article

UPDATE 1-Russian watchdog says Schlumberger-Eurasia Drilling deal "has big problems"

MOSCOW, Aug 16 The acquisition of a 51 percent stake in Russia's Eurasia Drilling Co (EDC) by U.S. oilfield services giant Schlumberger "has big problems" in the current political situation, the head of Russia's competition watchdog said on Wednesday.