Tag: Schlumberger

U.S. stocks rally on stimulus signs as energy shares jump

U.S. stocks rallied, trimming this week’s decline, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will add more economic stimulus.  More »

Schlumberger CEO: Oil will recover, spur E&P spending

The slow but steady global economic recovery is still intact, and absolute oil demand has changed little despite fears of oversupply that have sent crude prices hurtling downward in recent days, Schlumberger’s chief executive told investors on Friday.  More »

Schlumberger profit jumps 13.6 percent

Schlumberger profits jumped 13.6 percent in the third quarter as sales in North America and in its production segment picked up.  More »

OneSubsea gets $270 million for Pemex’s first deepwater subsea field

OneSubsea announced Monday that it won a $270 million contract to develop a subsea production system for Pemex that will serve the first deepwater subsea field developed by Pemex, Mexico’s national oil company.  More »

Schlumberger artwork could fetch $85 million

The oil billionaire’s art collection, totaling 90 pieces, includes artwork that has never been exhibited before.  More »

Russia oil production nears record with sanctions yet to bite

Sanctions already halted some joint work between Exxon Mobil Corp. and Rosneft, threatening a project in the Kara Sea where the state-run company said last week it may have identified a billion-barrel crude discovery.  More »

Cameron taps OneSubsea CEO for top lieutenant role

Houston oil field equipment maker Cameron International said Thursday it has bumped executive Scott Rowe up to the role of president and chief operating officer, the top lieutenant for CEO Jack Moore.  More »

Schlumberger: Russian sanctions could affect profits

Schlumberger is the third international oil field services company with Houston operations to warn that U.S. and European Union sanctions against Russian may start hurting profit.  More »

Schlumberger reports profit drop amid overall sales growth

Schlumberger’s profit fell 24 percent in the second quarter despite a revenue increase.  More »

Schlumberger, Precision deal aims to increase drilling efficiencies

A Canadian driller is teaming up with Schlumberger to combine its walking rigs with the oil-field giant’s powerful rotary steering systems and other tools in a bid to literally cut corners in drilling shale reservoirs.  More »

Enhanced oil recovery techniques limited in shale

Energy companies currently leave about 95 percent of the crude in the ground at today’s unconventional oil wells, but they face major technological challenges in boosting recovery rates, a Schlumberger scientist said Tuesday.  More »

Halliburton bolsters China’s fracking through partnership

Halliburton, the oil field services company with the largest hydraulic fracturing fleet, is exporting the key technology behind the U.S. shale boom to China.  More »
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