National oil companies are successfully leveraging the experience of oilfield service companies, a former Schlumberger executive told a Houston audience Thursday morning.
Cleaning up water in the oil patch is a tougher slog than many expected. Geology and water chemistry vary so much by location that no one has devised a cheap, one-size-fits-all technology to convince most producers to recycle. More »
A series of recent seismic imaging breakthroughs involving supercomputers are helping oil companies peek under challenging salt layers located miles below the Gulf of Mexico, spurring a discoveries and billions of dollars in new investment in offshore oil production. More »
Proposals to open Mexico’s energy industry to outside investment could make a good thing even better for oil field services companies operating there. More »
Schlumberger Ltd.’s net income jumped 20 percent in the third quarter on growing drilling and exploration activities in international markets, especially the Middle East and Asia, the company said Friday. More »
Schlumberger is donating $2.35 million to advance the University of Houston’s Energy Research Park. More »
Schlumberger, the world’s largest oil field services firm with principal offices in Paris, Houston and The Hague, reported Friday a 50 percent increase in second-quarter profit on a solid rise in revenue. More »
Forest Oil Corp. intends to sell oil and natural gas fields in the Texas Panhandle that may fetch as much as $1 billion, more than the company’s market value. More »
Investors are eyeing oil field services companies carefully as some of the biggest players in the sector prepare to release second-quarter financial results amid signs of weaker-than-expected activity in the U.S. and a cautious outlook for the rest of the year. More »
Nabors said Tuesday that largely because of weakness in its rig services and completion and production services units, it expects second-quarter operating results to fall below Wall Street expectations. More »
During a closed-door meeting with oil industry leaders on the sidelines of the Offshore Technology Conference, Interior Secretary Sally Jewell pleaded for cooperation and a little understanding, as federal drilling regulators aim to keep pace with rapidly evolving technology.
As more wells are drilled around the world in search of new sources of oil and gas, technology and collaboration between contractors will be key to plugging and abandoning those wells in a cost-effective and safe manner, a Schlumberger official said Monday. More »