Tag: Schlumberger

Inside University of Houston’s new high-tech research center (photos)

The University of Houston has been showing off its high-tech energy research center to political and industry leaders from around the world.  More »

Energy’s global tiger can bear sanctions on Russia

Losing money on possible economic sanctions in Russia would amount to a little more than a rounding error for Exxon Mobil, the U.S. energy company with the biggest stake in a country under international pressure to release its grip on Ukraine.  More »

Schlumberger wraps up business in Iran after loss, US probe

Schlumberger finished shutting down its Iranian business in the second quarter last year after losing $69 million and facing a U.S. probe into its activities in several sanctioned countries, regulatory filings show.  More »

Schlumberger income rises on robust Middle East, Asia demand

Schlumberger Ltd.’s profit rose 28 percent in the fourth quarter on high drilling activity and demand for oilfield services in the Middle East and Asia, as well as sales in a resurgent Gulf of Mexico.  More »

Gould: National oil companies benefiting from experience of service firms

National oil companies are successfully leveraging the experience of oilfield service companies, a former Schlumberger executive told a Houston audience Thursday morning.  More »

Fracking bonanza eludes wastewater recycling investors

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 »

New waves of seismic technology yield big oil finds (video)

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 »

Services companies stand to profit if Pemex makes changes

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 »

International drilling boosts Schlumberger profit

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 gifts $2.3M to university’s energy programs

Schlumberger is donating $2.35 million to advance the University of Houston’s Energy Research Park.  More »

Schlumberger 2Q profit jumps on strong international results

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 to sell Texas fields that may fetch up to $1 billion

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 »
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