Tag: Schlumberger

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

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.  More »

Russia sets terms for $1.7 billion Schlumberger-Eurasia deal

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.  More »

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

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.  More »

More oil jobs threatened as cheap crude persists

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

Weatherford cuts COO role amid falling oil

Weatherford International is getting rid of the job of chief operating officer as the oil field service firm tries to streamline its highest layers after the oil-price collapse, it said Wednesday.  More »

Schlumberger to pay $1.7B for stake in Russian energy company

Schlumberger will spend about $1.7 billion for a minority stake in a big Russian energy company at a time when the country’s relations with the West are under strain and as energy prices hit multiyear lows  More »

Schlumberger CEO sees new tech elevated amid falling prices

The oil-field service industry will face a tough year in 2015 as North American oil producers plan on cutting spending around 30 percent.  More »

Schlumberger to cut 9,000 employees, including in Houston

Schlumberger’s profits fell 82 percent in the fourth quarter as it wrote down $1.7 billion in assets.  More »

BP, ConocoPhillips to cut 530 jobs in the North Sea

In separate announcements Thursday, they said they’re both targeting jobs that support the offshore oil fields between the United Kingdom and Norway that have seen operational challenges and maturing petroleum basins in recent years  More »

Here’s the CEOs behind Houston’s biggest oil companies

The 20 largest Houston-based oil and gas companies were valued at $868 billion in 2014.  More »

Dover’s $430m purchase shows appeal of specialty oil field service firms

Oil field service companies will have to be far more frugal as crude prices fall.  More »

Schlumberger to retire seismic vessels, take $800M impairment

Oil field service giant Schlumberger will probably take an $800 million impairment charge in the fourth quarter as it retires some units in its marine seismic fleet, the company said Tuesday.  More »

Technip puts up $1.8B offer for French seismic company

The Paris-based oil and gas equipment supplier said it first approached CGG on Nov. 10, and that it would “like to enter into a constructive dialogue” with the company’s board of directors.  More »

LinkedIn: Energy companies among most in demand for job seekers

The social network released its list ranking companies’ with the most engagement from potential employees.  More »

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 »
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