Schlumberger News


SLB, Plexus in North Sea P&A Deal

Oct 24, 2023

Oil and gas engineering services firm Plexus Holdings said Tuesday it had won a contract award for Exact and Centric equipment for a North Sea Plug and Abandonment ('P&A') project secured through its licensor SLB (ex-Schlumberger) for an unnamed  'leading North Sea operator…

SLB Profit Beats on Strength in Global Drilling Activity

Oct 20, 2023

SLB edged past estimates for quarterly profit on Friday as strength in the overseas drilling market to meet the insatiable global appetite for oil drove demand for its oilfield equipment, offsetting weakness in North America.Oilfield services…

SLB to Add $5B in Revenue This Year, Sees Similar Growth in 2024

Sep 07, 2023

SLB is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets, CEO Olivier Le Peuch said at a conference on Wednesday.SLB, the world's largest oilfield service company and former Schlumberger…

Subsea 7, OneSubsea Alliance Wins Substantial Subsea Tie-back Contract in Egypt

May 03, 2023

Subsea Integration Alliance has won a 'substantial' subsea tie-back contract from BP and its joint venture partner Wintershall Dea for the Raven Infills Project offshore Egypt.  The Raven field is a stage of BP's major West Nile Delta (WND)…

Hegazi Becomes CEO of ARO Drilling

May 02, 2023

Offshore drilling contractor ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has appointed Mohamed Hegazi as Chief Executive Officer.Hegazi previously served as Chief Executive Officer of TGT Diagnostics, a provider of…

Partnership Launched to Boost Efficiency and Lower Emissions from FPSOs

May 02, 2023

Oilfield services firm SLB, Rockwell Automation, Sensia, and Cognite on Monday announced a collaboration that they say will 'accelerate the evolution' of the offshore industry’s floating production storage and offloading (FPSO) facilities. According to a press statement issued by SLB…

Oilfield Services giant SLB Beats First-quarter Profit Estimates

Apr 21, 2023

SLB beat Wall Street estimates for first-quarter profit on Friday, as elevated crude prices and tight supplies fueled demand for its oilfield services. Global crude prices averaged $81.24 a barrel in the January-March quarter, down nearly 20%…

Equinor Starts Production from Bauge Offshore Field

Apr 17, 2023

Norwegian oil and gas firm Equinor said Monday that production had started from the Bauge subsea field in the Norwegian Sea. Bauge is tied back to the recently upgraded Njord platform. Recoverable reserves in Bauge are estimated at 50 million barrels of oil equivalent…

James Fisher Appoints Bauer as Group General Counsel

Apr 10, 2023

British marine engineering services firm James Fisher and Sons plc announced it has appointed Jean-François Bauer as Group General Counsel.The appointment, which came into effect January 3, 2023, sees Bauer take on responsibility for the company’s legal function…

Harbour Energy Boosts Expertise with New Director Appointments

Mar 23, 2023

UK-based oil and gas producer Harbour Energy on Thursday announced the appointment of Belgacem Chariag and Louise Hough as independent Non-Executive Directors. The duo will join the Board on 1 May 2023 and will stand for election by shareholders…

SLB Launches Cement-free System to Cut CO2 Footprint of Well Construction

Mar 06, 2023

Oilfield services giant SLB, until recently known as Schlumberger,  on Monday introduced the EcoShield geopolymer cement-free system that it says minimizes the CO2 footprint of a well’s construction.' This innovative technology eliminates up…

PXGEO Names Tony Bowman CEO

Mar 01, 2023

Offshore seismic survey firm PXGEO announced it has appointed Tony Bowman as chief executive officer, effective April 3, 2023.Bowman joins PXGEO from an executive career at Schlumberger. During his almost 30-year tenure, he held a number of senior roles across multiple geographical locations…

Ex-Transocean, Maersk Drilling Director Joins Seadrill Board

Jan 25, 2023

Offshore drilling firm Seadrill has appointed Ana Zambelli as a new board director.Zambelli has more than 20 years of experience in the energy services sector in operational, commercial and finance roles. She served as Chief Commercial Officer at Maersk Drilling…

Arabian Drilling Co Shares Up 18% on Market Debut

Nov 07, 2022

Shares of Arabian Drilling Company , a Saudi oilfield services firm, were up 18% above its listing price on its market debut in Riyadh on Monday, in a sign that investors still have appetite for local flotations despite a gloomy outlook for the world economy…

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