Monday, August 3, 2020

Schlumberger News

'This could be the one that gets me,' Says Oilfield Service Veteran

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Tim Harris was preparing to relocate for an assignment with energy services firm Halliburton Co for the fifth time in 15 years when his career came to a halt.A third-generation employee…

Schlumberger Posts Loss on $8.5 Bln Charge as Customers Accelerate Cuts

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Schlumberger NV, 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…

Oilfield Services Giant to Cut Spending by 30%

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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…

Archer Names New CEO, CFO

(Photo: Archer)

Oilfield services firm Archer announced Tuesday that Dag Skindlo will take over as the company's new Chief Executive Officer and that Espen Joranger will succeed Skindlo as Chief Financial…

Saudi Aramco Launches Largest Shale Gas Development Outside US

Amin H. Nasser (Photo: Saudi Aramco)

Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants, Chief…

Tendeka Appoints BD Manager for S. America

Renato Barbedo  (Photo: Tendeka)

Tendeka has appointed a new business development manager for South America as the company increases its support for oil and gas operators in the region.Renato Barbedo will work with…

TWMA Appoints Aslaksen as New CEO

Halle Aslaksen  (Photo: TWMA)

Specialist drilling waste management company, TWMA, has announced the appointment of Halle Aslaksen as its new CEO.Aslaksen joins the Aberdeen-headquartered company from the Norwegian hydropower operator Småkraft…

US Extends License for Chevron's Operations in Venezuela

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The U.S. Treasury Department on Saturday renewed a license allowing Chevron, the last U.S. energy company operating in Venezuela, to continue working in the country until April 22.In January…

Global Demand Lifts Schlumberger Profits

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Schlumberger NV reported a 9.4% rise in adjusted quarterly profit on Friday, as buoyant demand in international markets helped the world's largest oilfield services provider make up…

Oilfield Services Giants Start Year with Asset Sales

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Schlumberger, Halliburton Co, and Baker Hughes Co have kicked off the new year by putting units up for sale, as the three largest names in oilfield services seek to reshape their businesses…

Gould Elected to Oxy Board of Directors

(File photo: Anadarko)

US based oil and gas company Occidental Petroleum announced on Thursday that former Schlumberger Chairman and Chief Executive Officer Andrew Gould has been elected to its Board of Directors effective March 1…

Schlumberger Commits to Emissions Reductions

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Oilfield services firm Schlumberger announced its commitment to setting a science-based target to reduce its greenhouse gas (GHG) emissions, in line with the goals of the Paris Agreement…

Enabling AI in E&P

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Oilfield services company Schlumberger and software firm Dataiku have teamed up to enable the exploration and production (E&P) industry to build and deploy their own artificial intelligence…

LR Bolsters Well Management Team

Melvin Banford, John O’Neill, Derek Harrold, Steve Harris and Matt Rothnie (Photo: Lloyd's Register)

Lloyd’s Register announced it has made several key appointments to its wells engineering and project management consultancy following a series of major contract wins and global growth.John…

Hunting Warns on Profit

(Photo: Hunting Plc)

British oilfield services firm Hunting Plc warned on Tuesday that annual core profit would be at the lower end of market expectations as it grapples with a slowdown in the U.S. onshore drilling market…

Investors Brace for Poor US Shale Earnings

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Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations.Major…

US Gives Chevron More Time in Venezuela

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The U.S. Treasury Department on Monday renewed a license allowing Chevron, the last U.S. operating energy company in Venezuela, to continue drilling in the country for another three months through Jan.

Halliburton Promises Cost Cuts

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Halliburton Co on Monday promised more cost cuts after reporting a bigger-than-expected drop in quarterly revenue as the oilfield services looks to counter weak demand from North American shale producers…

Schlumberger Profit Beats Estimates

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Schlumberger NV beat Wall Street estimates for profit on Friday, in the first quarter under Olivier Le Peuch, as higher international drilling activity boosted demand for its equipment…

Wood Names Cox as Americas CEO

Stephanie Cox is the new CEO of Wood’s Americas business (Photo: Wood)

Energy services company Wood said Stephanie Cox  will take over as CEO of its Americas business, succeeding Andrew Stewart who has been appointed executive president of strategy and…