Posts filtered on Tag

Schlumberger

Patrick Schorn, president of operations and integration for Schlumberger (Courtesy Schlumberger)

OTC Commentary: Contractors will have to offer bundled services, rather than discrete, to continue to compete

on
Changes in technology are also transforming the way contractors work with operators, Schlumberger exec Patrick Schorn.
Halliburton's 2,000-horsepower hydraulic fracturing truck is parked at the Offshore Technology Conference in Houston this week.

In flood of subsea tools, shale-busting tech draws eyes at OTC

on
High-horsepower pumps and big hydraulic fracturing trucks, the primary tools used to bust open U.S. shale rock, have carved out parking spaces of their own at the Offshore Technology Conference in Houston.
A Schlumberger engineer prepares Quanta Geo imaging sensors for a deepwater logging operation. (Courtesy of Schlumberger)

OTC Tech Award: Schlumberger’s Quanta Geo gives a microscopic view to the inside of wellbores

on
If a picture is worth a thousand words, an image from Schlumberger’s Quanta Geo might be worth a million.
(AP Photo/Brennan Linsley)

Schlumberger CEO lays out his plan to weather the crude crash

on
The growing re-fracturing business is one that could boost Schlumberger’s suffering bottom line amid tumbling commodity prices.
A sign tower reaches toward the sky at the entrance to Schlumberger's Sugar Land campus. (AP file photo/Pat Sullivan)

Schlumberger cuts another 11,000 jobs in wake of oil crash

on
Oil field services firm Schlumberger announced Thursday it plans to ax another 11,000 workers, kicking off what could be a second major wave of layoffs across the oil industry.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Moody’s predicts tough year for oil field services firms

on
Even if oil prices rebound, oil field services firms still have a tough year ahead as producers squeeze them for deeper discounts, Moody’s Investors Services said in a new analysis.
A Frank's International crew works on a rig. (Frank's International handout photo)

Frank’s International says it will cut up to 600 jobs

on
Job cuts at Frank’s International follow tens of thousands of job cuts in the oil field service industry, a labor-intensive business that has been hammered by falling oil prices since June.
Moscow's Red Square (AP Photo/Alexander Zemlianichenko)

Russia sets terms for $1.7 billion Schlumberger-Eurasia deal

on
Russia’s commission on foreign investment will meet the U.S. oil-services company to go through the conditions in the next 10 days, Igor Artyemev, head of Russia’s anti-monopoly service, said Thursday in Moscow.
A sign tower reaches toward the sky at the entrance to Schlumberger's Sugar Land campus. (AP file photo/Pat Sullivan)

DOJ: Schlumberger violated Iran sanctions, will pay $232 million fine

on
The deal marks the end of a six-year federal probe into the company’s activities in two Middle Eastern countries, which found the U.S.-based subsidiary “took steps to disguise” its overseas dealings for several years.
(AP Photo/Williston Herald, Jerry Burnes, File)

More oil jobs threatened as cheap crude persists

on
A growing number of workers are facing a new reality of unemployment.