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Schlumberger NV (SLB.N)

SLB.N on New York Stock Exchange

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10 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Schlumberger Says Soft Demand And Pricing To Continue Into Q4 In North America - Conf Call
Friday, 19 Oct 2018 09:30am EDT 

Oct 19 (Reuters) - Schlumberger NV ::SAYS INTERNATIONAL BUSINESS CONTINUED TO BENEFIT FROM BROAD RECOVERY - CONF CALL.SAYS CUSTOMER ACTIVITY WEAKENED DURING Q3 AS TAKEAWAY CONSTRAINTS IN PERMIAN LIMITED PRODUCTION GROWTH - CONF CALL.EXPECTS EXCESS INTERNATIONAL EQUIPMENT CAPACITY TO BE FULLY ABSORBED BY YEAR-END - CONF CALL.CEO SAYS MAIN CHALLENGE IN THE PERMIAN GOING FORWARD IS RESERVOIR AND WELL PERFORMANCE- CONF CALL.CEO SAYS PERMIAN GROWTH COULD BE LOWER THAN ANTICIPATED, POINTING TO GROWTH IN PARENT-CHILD WELLS - CONF CALL.CEO SAYS SPM BUSINESS WILL BE CASH FLOW NEUTRAL IN 2018 AND 2019 - CONF CALL.SAYS SOFT DEMAND AND PRICING IN NORTH AMERICA TO CONTINUE INTO Q4 - CONF CALL.SAYS SOME KEY CUSTOMERS ARE LAYING DOWN FRACK FLEET LATER THIS YEAR AND INTO JANUARY- CONF CALL.EXPECTS FLATTISH REVENUE FROM INTERNATIONAL MARKETS IN Q4- CONF CALL.SAYS EARNINGS AND REVENUES FOR NORTH AMERICA LAND BUSINESS WILL BE DOWN IN THE FOURTH QUARTER- CONF CALL.SAYS "QUITE CONFIDENT" ABOUT DOUBLE-DIGIT REVENUE GROWTH IN INTERNATIONAL MARKETS IN 2019- CONF CALL.SAYS STARTING TO SEE SIGNS OF HIGHER DRILLING ACTIVITY IN OFFSHORE, PARTICULARLY SHALLOW WATER - CONF CALL.SAYS WILL REDUCE ANNUAL RECRUITING NUMBERS BY AT LEAST 1,500 TO 2,000 IN COMING YEARS - CONF CALL.SAYS LATIN AMERICA WILL SEE "SOLID" YEAR OVER YEAR GROWTH NEXT YEAR - CONF CALL.SAYS NOT SEEING MAJOR SHIFT IN ACTIVITY TO OTHER U.S. SHALE BASINS FROM THE PERMIAN - CONF CALL.  Full Article

Schlumberger Announces Third-Quarter 2018 Results
Friday, 19 Oct 2018 07:00am EDT 

Oct 19 (Reuters) - Schlumberger NV ::ANNOUNCES THIRD-QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE $0.46.Q3 REVENUE $8.5 BILLION VERSUS I/B/E/S VIEW $8.58 BILLION.Q3 EARNINGS PER SHARE VIEW $0.45 -- THOMSON REUTERS I/B/E/S.NV - QTRLY PRETAX OPERATING MARGIN OF 13.5 PERCENT VERSUS 13.4 PERCENT.NV - CAPEX (EXCLUDING MULTICLIENT AND SPM INVESTMENTS) FOR FULL YEAR 2018 IS EXPECTED TO BE APPROXIMATELY $2.0 BILLION.NV - OFFSHORE NORTH AMERICA, DRILLING ACTIVITY WAS IMPACTED BY SCHEDULED PLATFORM MAINTENANCE AND PLANNED WORKOVER OPERATIONS.NV - EXPECT TO FULLY DEPLOY REMAINING EXCESS INTERNATIONAL EQUIPMENT CAPACITY BY END OF YEAR.IN PRICING & CONTRACTS, CONTINUED TO SEE IMPROVEMENTS IN TERMS, CONDITIONS, BASIC RATES FOR SELECTED CONTRACTS IN INTERNATIONAL MARKETS.NV - ANTICIPATE PRICING DISCUSSIONS TO ACCELERATE IN COMING QUARTERS.NV - FROM A MACRO PERSPECTIVE, OIL MARKET CONTINUED TO TIGHTEN IN Q3.IN NORTH AMERICA,SEQUENTIAL GROWTH SLOWED IN QUARTER FROM PREVIOUS QTRS AS TAKEAWAY CONSTRAINTS IN PERMIAN IMPACTED HYDRAULIC FRACTURING ACTIVITY.NV - CURRENT PERMIAN TAKEAWAY CONSTRAINTS IN NORTH AMERICA SHOULD BE ADDRESSED WITHIN NEXT 12 MONTHS TO 18 MONTHS."GEOPOLITICAL EVENTS AND THEIR IMPACT ON SUPPLY ARE ALSO BECOMING AN INCREASING OIL MARKET CONSIDERATION".NV - OFFSHORE NORTH AMERICA, DRILLING ACTIVITY WAS IMPACTED IN QUARTER BY SCHEDULED PLATFORM MAINTENANCE AND PLANNED WORKOVER OPERATIONS.NV - "CONTINUE TO SEE A NEED FOR A MULTIYEAR INCREASE IN INTERNATIONAL E&P INVESTMENT".  Full Article

Subsea 7 consortium wins "sizeable" US Gulf contract
Tuesday, 2 Oct 2018 02:07am EDT 

Oct 2 (Reuters) - Subsea 7 SA ::SUBSEA 7 AWARDED INTEGRATED CONTRACT OFFSHORE US GULF OF MEXICO.AWARD OF A SIZEABLE CONTRACT BY FIELDWOOD ENERGY TO SUBSEA INTEGRATION ALLIANCE.SUBSEA 7 DEFINES A SIZEABLE CONTRACT AS BEING BETWEEN USD 50 MILLION AND USD 150 MILLION.SUBSEA INTEGRATION ALLIANCE IS A WORLDWIDE NON-INCORPORATED PARTNERSHIP BETWEEN ONESUBSEA, SCHLUMBERGER, AND SUBSEA 7.AWARD IS FOR DEEPWATER KATMAI FIELD DEVELOPMENT IN US GULF OF MEXICO'S GREEN CANYON 40.THIS SUPPLIER-LED INTEGRATED SUBSEA DEVELOPMENT SOLUTION, COMBINES ONESUBSEA'S SUBSEA PRODUCTION SYSTEMS (SPS) AND SUBSEA 7'S SUBSEA UMBILICALS, RISER AND FLOWLINE SYSTEMS (SURF) EXPERTISE.  Full Article

Schlumberger Qtrly GAAP EPS $0.31
Friday, 20 Jul 2018 07:00am EDT 

July 20 (Reuters) - Schlumberger NV ::SCHLUMBERGER ANNOUNCES SECOND-QUARTER 2018 RESULTS.QTRLY REVENUE OF $8.3 BILLION INCREASED 6% SEQUENTIALLY.SECOND-QUARTER GAAP EPS, INCLUDING CHARGES OF $0.12 PER SHARE, WAS $0.31.QTRLY SECOND-QUARTER GAAP EPS, INCLUDING CHARGES OF $0.12 PER SHARE, WAS $0.31.SECOND-QUARTER EPS, EXCLUDING CHARGES, WAS $0.43.QTRLY PRETAX OPERATING MARGIN OF 13.2 PERCENT VERSUS 12.7 PERCENT.IN NORTH AMERICA, EXCLUDING CAMERON, Q2 REVENUE OF $2.5 BILLION UP 12% SEQUENTIALLY.CERTAIN ASSOCIATED COSTS TOGETHER WITH SOME OPERATIONAL DELAYS IMPACTED SECOND-QUARTER PRETAX OPERATING MARGINS.SCHLUMBERGER-MARKET FUNDAMENTALS CONTINUE TO EVOLVE FAVORABLY FOR INTERNATIONAL BUSINESS AS GLOBAL BALANCE OF CRUDE OIL SUPPLY & DEMAND TIGHTENS FURTHER."PRICING IMPROVED IN INTERNATIONAL MARKETS DURING Q2, AND WHILE NUMBERS ARE NOT YET MATERIAL, A TREND HAS BEEN ESTABLISHED".SCHLUMBERGER - GLOBAL GDP GROWTH REMAINS STRONG, WITH ANY IMPACT OF HEADWINDS FROM US-CHINA TRADE DISPUTE LIKELY TO BECOME CLEARER IN NEXT FEW QTRS.SCHLUMBERGER SAYS "EXPECT A FURTHER STRENGTHENING OF INTERNATIONAL PRICING RECOVERY".DESPITE OPEC'S RECENT DECISION TO INCREASE PRODUCTION, GLOBAL SUPPLY BASE CONTINUES TO WEAKEN.IN NORTH AMERICA, LACK OF ADDITIONAL PIPELINE CAPACITY IN PERMIAN BASIN IS BECOMING AN INCREASING CONSTRAINT TO PRODUCTION GROWTH.SCHLUMBERGER - CAPEX (EXCLUDING MULTICLIENT AND SPM INVESTMENTS) FOR FY 2018 IS EXPECTED TO BE ABOUT $2 BILLION.  Full Article

Borr Drilling eyes several projects with Schlumberger-CEO
Thursday, 31 May 2018 11:14am EDT 

May 31 (Reuters) - Borr Drilling Ltd Chief Executive Svend Anton Maier told a conference call with analysts on Thursday: :BORR DRILLING IS LOOKING AT SEVERAL LONGER-TERM PROJECTS TO PROVIDE INTEGRATED DRILLING SERVICES WITH SCHLUMBERGER <<>>, ITS LARGEST SHAREHOLDER.SAYS THOSE ARE THE LARGER PROJECTS THAN THE COMPANY CURRENTLY HAS, AND REQUIRES MORE PLANNING.SAYS SEES INCREASE IN INTEREST FOR SERVICES THE COMPANY CAN PROVIDE WITH SCHLUMBERGER.BORR DRILLING FOUNDED AND MANAGED BY FORMER SEADRILL <<>> EXECUTIVES IN 2016 FOCUSES ON JACK-UP RIGS DRILLING FOR OIL AND GAS DEPOSITS IN SHALLOW WATERS.SCHLUMBERGER HOLDS 14.4 PCT IN OSLO-LISTED BORR DRILLING .  Full Article

Ophir Energy Says Disappointed In Dissolution Of OneLNG Joint Venture With Schlumberger
Thursday, 31 May 2018 08:26am EDT 

May 31 (Reuters) - Ophir Energy Plc ::NOTE ANNOUNCEMENT BY GOLAR LNG PARTNERS' REGARDING DISSOLUTION OF ITS ONELNG JOINT VENTURE WITH SCHLUMBERGER.GOLAR, OPHIR REMAIN ACTIVELY ENGAGED IN SENIOR LEVEL DISCUSSIONS WITH A NUMBER OF COUNTERPARTIES OVER A FINANCING SOLUTION FOR PROJECT.DISAPPOINTING THAT SCHLUMBERGER WILL NO LONGER BE PART OF PARTNERSHIP GROUP.OPHIR HAS ALREADY HELD INFORMAL DISCUSSIONS WITH OTHER POTENTIAL PARTNERS FOR FORTUNA PROJECT.FOLLOWING ANNOUNCEMENT RE. ONELNG, CO FORMALISED DISCUSSIONS AND ARE ACTIVELY MOVING FORWARD WITH THEM..  Full Article

Schlumberger Says Looking At Monetizing SPM Assets - Conf Call
Friday, 20 Apr 2018 09:29am EDT 

April 20 (Reuters) - Schlumberger NV ::SAYS HIGH END PRODUCTS AND SERVICES WILL BECOME ATTRACTIVE IN COMING QUARTERS - CONF CALL.SAYS INVESTMENT LEVEL IN INTERNATIONAL MARKET NOT SUFFICIENT - CONF CALL.SCHLUMBERGER SAYS LOOKING AT MONETIZING SOME ASSETS DURING THE TURN OF 2018 - CONF CALL.SCHLUMBERGER SAYS LOOKING AT MONETIZING SPM ASSETS DURING TURN OF 2018 - CONF CALL.  Full Article

Schlumberger Says Global Oil Supply And Demand Are Now In Balance - Conf Call
Friday, 20 Apr 2018 09:02am EDT 

April 20 (Reuters) - Schlumberger NV ::SCHLUMBERGER SAYS ASIA Q1 REVENUE WAS DRIVEN BY THAILAND, INDIA, CHINA.SCHLUMBERGER SAYS GLOBAL OIL SUPPLY AND DEMAND ARE NOW IN BALANCE - CONF CALL.SCHLUMBERGER SAYS NORTH AMERICA AND GLOBAL E&P INVESTMENT STILL EXPECTED TO GROW 20 PERCENT AND 5 PERCENT RESPECTIVELY.SCHLUMBERGER SAYS SAYS HIGH END PRODUCTS AND SERVICES WILL BECOME ATTRACTIVE IN COMING QUARTERS.  Full Article

Schlumberger Posts Qtrly Earnings Per Share Of $0.38
Friday, 20 Apr 2018 07:22am EDT 

April 20 (Reuters) - Schlumberger NV ::QTRLY REVENUE OF $7.8 BILLION DECREASED 4 PCT SEQUENTIALLY.QTRLY EPS WAS $0.38.QTRLY PRETAX OPERATING MARGIN OF 12.4 PCT VERSUS 11.0 PCT REPORTED LAST YEAR.RESULTS IN Q1 LARGELY REFLECTED TRANSITORY FACTORS, WITH SEASONAL REDUCTIONS IN ACTIVITY IN THE NORTHERN HEMISPHERE, AMONG OTHERS.CAPEX, EXCLUDING MULTICLIENT AND SPM INVESTMENTS, FOR 2018 IS EXPECTED TO BE APPROXIMATELY $2 BILLION.ABSENCE OF GLOBAL STOCK BUILDS IN Q1, SUPPORTED BY OPEC & RUSSIA-LED PRODUCTION CUTS, CONFIRM THAT OIL MARKET IS IN BALANCE.QTRLY NORTH AMERICA AREA REVENUE INCREASED 1 PCT SEQUENTIALLY.PRODUCTION CHALLENGES IN U.S. SHALE ARE EMERGING THAT ARE LINKED TO INFILL DRILLING WELL-TO-WELL INTERFERENCE.PRODUCTION CHALLENGES IN U.S. SHALE EMERGING THAT ARE LINKED TO POTENTIAL LOWER PRODUCTION OF STEP-OUT DRILLING FROM TIER 1 ACREAGE.GROWTH IN NORTH AMERICA IN QUARTER DRIVEN BY RAMP-UP OF ACTIVITY IN CANADA AND HIGHER DRILLING GROUP ACTIVITY IN NORTH AMERICA, AMONG OTHERS.IT IS BECOMING INCREASINGLY LIKELY THAT OIL INDUSTRY WILL FACE GROWING SUPPLY CHALLENGES OVER COMING YEAR.Q1 SEQUENTIAL REVENUE DECLINE LED BY THE CAMERON GROUP, WHICH FELL 7 PCT, DRIVEN BY SEASONALLY LOWER PROJECT VOLUMES.Q1 EARNINGS PER SHARE VIEW $0.37, REVENUE VIEW $7.81 BILLION -- THOMSON REUTERS I/B/E/S.SIGNIFICANT INCREASE IN GLOBAL E&P INVESTMENT WILL BE REQUIRED TO MINIMIZE IMPENDING DEFICIT IN OIL MARKET.  Full Article

Schlumberger says to fund 2018 activity growth without raising capex from 2017 levels
Friday, 19 Jan 2018 09:24am EST 

Jan 19 (Reuters) - Schlumberger Nv ::SCHLUMBERGER SAYS RETURN TO GROWTH IN INTERNATIONAL MARKET WILL REPRESENT "SIGNIFICANT BOOST TO OUR EARNINGS POWER" - CONF CALL.SCHLUMBERGER SAYS PLANS 2018 ACTIVITY GROWTH WITHOUT INCREASING CAPEX FROM THE $2 BILLION LEVELS SEEN IN 2016, 2017 - CONF CALL.SCHLUMBERGER TO DEPLOY ANOTHER 1 MILLION HORSEPOWER IN 2018, REACTIVATION COST EXPECTED TO BE AROUND $100 MILLION - CONF CALL.  Full Article

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Russia yet to decide on Schlumberger bid for EDC: agencies

MOSCOW A Russian government commission on foreign investments did not make a decision on Wednesday about U.S. oilfield services giant Schlumberger's bid for Eurasia Drilling Company (EDC), news wire reported citing Russian anti-monopoly service (FAS).