Wednesday, February 19, 2020

Schlumberger News

US Extends License for Chevron's Operations in Venezuela

© Andrei / Adobe Stock

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

© Igor Golovnev / Adobe Stock

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

Illustration - Image by pichitstocker - Adobe Stock

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

© Art Konovalov / Adobe Stock

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

© Dmitry / Adobe Stock

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

© Robert Coy / Adobe Stock

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

© Phaitoon Sutunyawatchai / Adobe Stock

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

© V.Kreinacke / Adobe Stock

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

© karlstury / Adobe Stock

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…

Digitalization: Oil Industry Could Save up to $100Bln

Graph: Rystad Energy

The global oil and gas industry can save as much as $100 billion through automation and digitalization in the 2020s, energy research firm Rystad Energy said."As much as $100 billion…

Schlumberger Debuts At-bit Steerable System

The NeoSteer ABSSs aim to improve horizontal well drilling performance by providing high-dogleg capability and increased rate of penetration in the curve and the lateral, (Image: Schlumberger)

Schlumberger Introduces At-Bit Steerable System for Drilling Horizontal Wells in a Single RunNeoSteer at-bit steerable system design integrates a unique cutting structure and steering…

Schlumberger, WesternGeco to Provide E&P Data

The GAIA platform enables clients to manage their exploration portfolios in line with their corporate strategies. Image: Schlumberger

WesternGeco, the seismic and geophysical data solutions division of Schlumberger, has entered a strategic collaboration with IHS Markit, a global provider of information, analytics…

Baker Hughes: U.S. Oil Drillers Cut Rigs Again

file Image: credit AdobeStock / © Diter

U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row after drilling slowed for nine straight months as independent producers cut spending by…

Schlumberger CEO Outlines Digital Strategy

Schlumberger CEO Olivier Le Peuch (Photo: Schlumberger)

Schlumberger NV's newly-appointed Chief Executive Officer Olivier Le Peuch on Wednesday outlined his vision for the world's largest oilfield services company, vowing to exit unprofitable businesses…

Woodside to Implement Schlumberger's DELFI

The DELFI cognitive exploration and production environment delivers integration and connectivity across domains from planning to operations. (Image: Schlumberger)

Australia's largest oil and gas operator Woodside Energy will leverage Schlumberger's DELFI cognitive cloud-based software environment in an effort to increase consistency, reduce study…

Halliburton Profit Beats Estimates

(Photo: Halliburton)

Halliburton Co on Monday beat analysts' estimates for second-quarter profit as its Completions and Production unit outperformed expectations, pushing its shares up 6.8 percent in early trading.The Houston…