Schlumberger News

 

Norway: Labor Union Agrees Wage Deal. Strike at Schlumberger Averted

Dec 03, 2020

Norway's Safe labor union has come to an agreement with employers over wages and other conditions at oil service companies, it said on Thursday, preventing a strike among workers.The bargaining covered drillers, well service crews, and other workers at oil industry subcontractors Schlumberger…

Norway: Around 260 Schlumberger Workers Set to Strike over Pay

Nov 26, 2020

Some 262 oil service workers at Schlumberger's Norwegian subsidiary plan to go on strike from Dec. 3 if negotiations with employers over pay and working conditions fail, the Safe trade union said on Thursday.The negotiations cover drillers, well service crews…

Tracking the Environmental Impact of the Oil and Gas Supply Chain

Nov 24, 2020

With the energy transition gaining pace, several exploration and production (“E&P”) companies have adjusted their business models; both to reduce emissions and to mitigate climate-related business risks. E&Ps may be grabbing the headlines regarding…

Equinor Hires Baker Hughes, Halliburton, and Schlumberger for Drilling Work at Bacalhau Field Off Brazil

Nov 10, 2020

Norwegian oil firm Equinor has awarded the three largest oilfield services firms, Baker Hughes, Halliburton, and Schlumberger, contracts for drilling and well services on its Bacalhau field in Brazil.The total value of the three contracts is estimated at $455 million…

Peterson to Provide Logistics Services for OneSubsea in Trinidad

Oct 21, 2020

Energy logistics provider Peterson has signed a project logistics services contract with Schlumberger's OneSubsea to support its work on BP's Matapal project offshore Trinidad and Tobago.BP sanctioned the development of the Matapal project in December 2019…

Halliburton Posts Fourth Straight Quarterly Loss

Oct 19, 2020

Halliburton Co posted its fourth-straight quarterly loss on Monday, as the world's second-largest oilfield services provider struggles with a plunge in demand and lower oil prices.Even though oil prices have recouped some of their losses from the historic lows of March and April…

As Oil Rout Hits Services Demand, Schlumberger Reports Third Straight Quarterly Loss

Oct 16, 2020

Top oilfield services provider Schlumberger NV on Friday posted its third straight quarterly loss as this year's slump in oil demand and prices due to the COVID-19 pandemic cut demand for its services.The company kicked off earnings from hard-hit U…

Milaha, Schlumberger to Build Stimulation Vessel

Sep 27, 2020

Qatar's maritime and logistics firm Milaha said it entered into a formal agreement with U.S. headquartered oilfield services firm Schlumberger to cooperate on projects that will localize the energy sector supply chain, including the construction of a Qatari offshore oil well stimulation vessel…

IBM, Schlumberger Team Up to Speed Up Digital Transformation in Oil and Gas Industry

Sep 11, 2020

Word's largest oilfield services company Schlumberger has this week entered a major tech collaboration agreement with the global technology giant IBM and its subsidiary Red Hat. The aim of the initiative is to accelerate digital transformation across the oil and gas industry…

Schlumberger CEO Says Oilfield Growth Will Be at Structurally Lower Rate

Sep 08, 2020

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.Chief Executive Olivier Le Peuch told an…

Borr Drilling Gets NYSE Listing Warning as New CEO Set to Take Over

Sep 07, 2020

Offshore drilling contractor Borr Drilling has received a notice from the New York Stock Exchange informing it that the company is not in compliance with the continued listing standard.The notice is related to the minimum average share price…

Ex-CEO of Schlumberger Joins McDermott Board

Aug 31, 2020

Andrew F. Gould, former Chairman and Chief Executive Officer of Schlumberger has joined the board of directors of offshore engineering services firm McDermott.Gould has more than 40 years of experience in the global oil and gas industry. Following his 37-year career with Schlumberger…

Borr Drilling Names Schorn as CEO

Aug 10, 2020

Jack-up drilling rig specialist Borr Drilling announced Monday it has appointed former Schlumberger executive vice president Patrick Schorn as its new chief executive officer effective September 8.Schorn, who has been a director at Borr Drilling since January 2018…

Schlumberger Posts Q2 Loss as Oil Rout Leads to $3.7B Charge

Jul 24, 2020

Oilfield services giant Schlumberger NV on Friday reported its second straight quarterly loss after recording a $3.7 billion charge related to thousands of job cuts and a major pipeline outage in Ecuador.The company cut some 21,000 jobs amid…

LEKOIL, GEIL Sign Otakikpo Drilling Services Deals with Schlumberger

Jul 13, 2020

Green Energy International Limited (GEIL) and LEKOIL, the companies comprising Otakikpo JV which operates the Otakikpo field off Nigeria, have executed definitive agreements with Schlumberger for the next phase of the field development offshore Nigeria…

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