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Schlumberger, IBM And Red Hat Announce Hybrid Cloud Collaboration
Liberty Oilfield Says If Deal Is Terminated Under Certain Circumstances Co To Pay Schlumberger U.S. Termination Fee Of $21.9 Mln
Bauer Ends Deep Drilling Technology Joint Venture With Schlumberger
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company's segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group consists of the principal technologies involved in the drilling and positioning of oil and gas wells. The Production Group consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services, Completions, Artificial Lift, Integrated Production Services (IPS) and Schlumberger Production Management (SPM). The Cameron Group consists of the principal technologies involved in pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities.
Oil Well Services & Equipment
5599 San Felipe St Fl 17
Mark G. Papa
Non-Executive Chairman of the Board
Olivier Le Peuch
Chief Executive Officer, Director
Chief Financial Officer, Executive Vice President
Donald William Ross
President - North America Land
President - Integrated Performance Management
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Top oilfield service firm Schlumberger NV expects to return to 2019 level pre-tax margins by the end of next year, a sign the oil industry faces a long-haul to recover from the latest oil-price crash.
Top oilfield service provider Schlumberger NV said Tuesday it will tap technology from International Business Machines Corp to bring oilfield software to countries such as Saudi Arabia and Russia that have strict data sovereignty laws.
Liberty Oilfield Services' acquisition of Schlumberger's shale fracking business will make it the third-largest oilfield services firm by North American revenue, nudging out Baker Hughes Co in a bet on a shale rebound.
Oilfield services firm Schlumberger <SLB.N> agreed to sell its North American shale fracking business to rival Liberty Oilfield Services <LBTR.N>, unloading a unit that underperformed during the shale bust.
Schlumberger said on Tuesday it would combine its North America fracking business with Liberty Oilfield Services Inc and take a 37% stake in the new combined company.
Oilfield services giant Schlumberger NV <SLB.N> on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly loss on thousands of job cuts and a pipeline outage in Ecuador.
Oilfield services giant Schlumberger NV on Friday reported its second straight quarterly loss after recording $3.7 billion in impairment and restructuring charges as its major customers pulled back activity amid this year's oil price crash.
Oilfield services provider Schlumberger NV <SLB.N> expects to book a charge to earnings of up to $1.4 billion for an accelerated restructuring and new job cuts, Chief Executive Officer Olivier Le Peuch said at a energy conference on Tuesday.
Oilfield services provider Schlumberger NV expects a charge of up to $1.4 billion due to its ongoing restructuring and related layoffs, Chief Executive Officer Olivier Le Peuch said at a conference on Tuesday.
Schlumberger, the world's largest oilfield services firm, will reshuffle top executives and operations in coming months to deal with this year's historic decline in the oil industry, according to a memo to employees.
Schlumberger NV <SLB.N>, the world's largest oilfield services firm, on Friday reported a first-quarter loss due to $8.5 billion in charges, as customers accelerated spending cuts amid the continuing decline in oil prices.
Schlumberger NV said on Friday it recorded an $8.5 billion charge to earnings as the world's top oilfield services provider slashed the value of some of its units following the collapse of oil prices.
* HAS APPROVED SCHLUMBERGER LIMITED'S APPLICATION TO DELIST ALL OF ITS SECONDARY LISTED REGISTERED SHARES Source text: https://bit.ly/3aKKUHG Further company coverage: (Gdansk Newsroom)
Oilfield services company Schlumberger on Tuesday won an appeals court decision that likely finishes off a patent infringement case brought by a former oil and gas industry scientist.
Oilfield services provider Schlumberger on Tuesday said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.
Top oilfield services provider Schlumberger on Tuesday said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.
Schlumberger , the world's largest oilfield services company, on Tuesday said it would cut spending by 30% this year from last year's levels as the oil market has been roiled by the coronavirus outbreak and Saudi-Russia price war.
Schlumberger, the world's largest oilfield services company, on Tuesday said it would cut spending by 30% this year versus 2019 as oil prices collapse and it prepares for a downturn.
Growth in U.S. shale oil production will slow sharply over the next two years, the chief executive officer of U.S. oilfield services giant Schlumberger said on Tuesday.
Schlumberger NV <SLB.N> on Friday outlined an aggressive cost-cutting plan for its North American operations as the world's largest oilfield service firm contends with sharp declines in U.S. shale activity.
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