Schlumberger Company News

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Halliburton Readies for Years of Expansion
Halliburton is gearing up for years of expansion.
8:00 PM EST | July 19, 2021
Schlumberger and Subsea 7 Share Bacalhau Contract
Equinor has awarded a Schlumberger-Subsea 7 partnership a contract for its Bacalhau project. IMAGE SOURCE: Schlumberger
8:00 PM EST | June 15, 2021
Biden Admin Extends Chevron Venezuela Sanctions Waiver
The action also applies to service companies Halliburton, Baker Hughes, Schlumberger, and Weatherford.
8:00 PM EST | May 31, 2021
Schlumberger and NOV Want Faster Automated Drilling Adoption
The companies are teaming up in digital drilling automation for wellbore construction. IMAGE SOURCE: Schlumberger
8:00 PM EST | May 11, 2021
Canadian Firm Spuds Onshore Namibia Well
ReconAfrica has begun drilling its second well in the Kavango Basin in northeastern Namibia.
8:00 PM EST | May 05, 2021
ADNOC Streamlines Oilfield Procurement Process
ADNOC has launched a program standardizing procurement terms and conditions across its value chain. PHOTO SOURCE: ADNOC
8:00 PM EST | May 04, 2021
Schlumberger Sees Growth in Overseas Work
"A new growth cycle has finally commenced," said Schlumberger CEO Olivier Le Peuch.
8:00 PM EST | April 22, 2021
Enteq Upstream Names New CEO
Andrew Law, above, will succeed Enteq Upstream founder Martin Perry as CEO.
8:00 PM EST | April 20, 2021
Halliburton CEO Sees Accelerating International Rebound
Halliburton Co. sees the pace of the rebound in overseas demand for oilfield services picking up.
8:00 PM EST | April 20, 2021
North Sea Operator Kicks Off Drilling Campaign
IOG reported Monday that it has spud the first of five planned development wells in Phase 1 of its Core Project.
8:00 PM EST | April 12, 2021
Morocco Subsea Project Gets on Fast Track
The deal will facilitate front-end design, engineering, procurement, construction, installation, and operations of the Anchois project.
7:00 PM EST | February 23, 2021
Stena Drillship to Add MPD System
Like Stena's three other drillships, the Stena Forth will boast MPD capability. PHOTO SOURCE: Stena Drilling
7:00 PM EST | February 16, 2021
Schlumberger Eyes CCS at Cement Plants
Schlumberger New Energy and a major building materials firm will explore the feasibility of CCS at cement plants.
7:00 PM EST | February 09, 2021
Service Companies See Spending Rebound Outside US
Spending by the global oil industry outside the US is poised to rebound later this year, according to leading service companies.
7:00 PM EST | January 21, 2021
Which Major OFS Player Seems Most Bullish About 2021?
Here is a recap oil and gas market hits and misses for the week ending Jan. 22, 2021.
7:00 PM EST | January 21, 2021
Equinor Awards Wireline Services Contracts for 15 Fields
This photo shows a view from the Gullfaks A platform. Photo by Lone Stormoen. PHOTO SOURCE: Equinor
7:00 PM EST | January 19, 2021
Liberty Expands Frac Fleet with Schlumberger Deal
Schlumberger and Liberty Oilfield Services have completed a deal that will influence the delivery of pressure pumping in North America.
7:00 PM EST | January 04, 2021
Oil Rig Tally for US Ends Year at Lowest Level Since 2005
Although the US rig count has recovered since August, it remains far below where it began 2020.
7:00 PM EST | December 29, 2020
Schlumberger Unit and ABB Finish Pioneering Test
ABB and OneSubsea team members monitor progress on the VSD and compressor submerged string test. PHOTO SOURCE: ABB
7:00 PM EST | December 01, 2020
$455MM in Brazil Contracts Go to Oilfield Services Trio
First oil from Bacalhau is projected for 2024. PHOTO SOURCE: Equinor
7:00 PM EST | November 09, 2020
Schlumberger Divests Rod Lift Business
Lufkin Industries has acquired the Schlumberger N.V. unit North American Land Rod Lift Business.
7:00 PM EST | November 01, 2020
Is OFS Consolidation About to Take Off?
Rigzone prognosticators identify trends to watch this week in the oil and gas markets.
8:00 PM EST | October 25, 2020
Oil Drilling in Russia Could Fall 20% Next Year
Russia's producers, which have reduced oil drilling by as much as one-third so far this year, may cut it by a further 20% in 2021, says an oilfield services exec.
8:00 PM EST | October 14, 2020
The North America OFS Landscape is Changing
Here is a preview of what to watch this week in the oil and gas markets.
8:00 PM EST | September 27, 2020
Oilfield Services Poised for Transformation
Here is a preview of what to watch this week in the oil and gas markets.
8:00 PM EST | September 13, 2020
Frac Sand Metric Declines
Shale firms are pumping an average of roughly 2.9 million pounds a day of frac sand this quarter, according to Coras Research LLC.
8:00 PM EST | September 10, 2020
Liberty Sets Sights on Topping Halliburton
Liberty Oilfield Services Inc., which will acquire a Schlumberger unit, expects to one day topple Halliburton Co. from the No. 1 spot.
8:00 PM EST | September 01, 2020
Schlumberger Sale Marks Shale Turning Point
Schlumberger revealed Tuesday its OneStim unit will be combined with Liberty Oilfield Services in exchange for a 37% stake in the combined company.
8:00 PM EST | August 31, 2020
Schlumberger Alum Joins McDermott Board
Andrew F. Gould has joined McDermott International's board of directors, effective Aug. 27, 2020.
8:00 PM EST | August 26, 2020
Oil Sands Producer Eyes Hydrogen Exports
Alberta's advantage may lie in its abundant reserves of the very fuels that hydrogen is meant to replace.
8:00 PM EST | August 12, 2020
Oil Inventory Data Prompt Reminiscing
Rigzone panelists offer their insights on the top oil market hits and misses for the week ending July 31, 2020.
8:00 PM EST | July 30, 2020
Schlumberger Job Cuts to Top 21,000
Schlumberger is shrinking staffing to an 11-year low.
8:00 PM EST | July 23, 2020
Schlumberger Launches Tech Agreement With CNPC Logging
The partnership will enable the companies to co-manufacture wireline downhole technology.
8:00 PM EST | June 15, 2020
Schlumberger Revenues Tumble Under Double Black Swan
The 1Q results also include a $8.5B pretax charge, driven by the sharp decline in market valuations.
8:00 PM EST | April 19, 2020
Halliburton Slashes Spending to Brace for Demand Declines
It set 2020 capital outlays at $800 million, 33 percent below previous guidance and the first sub-$1 billion budget since 2016.
8:00 PM EST | April 19, 2020
Oil Collapse Drags the Whole Service Industry Down With It
Since the start of 2019, the oilfield services sector has lost almost 50,000 jobs, or about 13 percent of its workforce.
8:00 PM EST | April 15, 2020
Schlumberger To Slash Spending by 30 Percent
The company expects a rapid reduction in rig count and completions activity in onshore North America.
8:00 PM EST | March 24, 2020
Schlumberger Opens Saudi Manufacturing Facility
The well completions technology manufacturing center is located in Saudi Arabia's Eastern Province.
7:00 PM EST | February 24, 2020
Schlumberger Unit and Subsea 7 Win Pioneering Brazil Contract
Offshore installation for Brazil's first integrated SPS and SURF project could start in two years. IMAGE SOURCE: Equinor
7:00 PM EST | January 30, 2020
US Shale Suffering From Sustained Contraction
Slower output growth would have global ramifications, given additional US barrels are forecast to account for most of the increase in 2020 worldwide supply.
7:00 PM EST | January 20, 2020
Schlumberger Posts $10B Loss in 2019
Schlumberger posted a $10.1 billion loss in 2019 amid North America land market weaknesses.
7:00 PM EST | January 16, 2020
Is Chevron's $11B Write-Down an Oilpatch Warning?
Current market conditions are resulting in many US fracking projects failing to break even.
7:00 PM EST | January 13, 2020
Oxy Elects Former Schlumberger CEO to Board
Occidental Petroleum Corporation announced the election of former Schlumberger Ltd. CEO Andrew Gould to its board of directors.
7:00 PM EST | January 01, 2020
Oilfield Services Looking Beyond Oil and Gas
As the majors have diversified into power and renewable energy storage, oilfield service contractors have followed suit.
7:00 PM EST | December 22, 2019
Schlumberger Unit Wins Anchor Subsea Contract
OneSubsea will provide a subsea production system rated up to 20,000 psi. IMAGE SOURCE: Schlumberger
7:00 PM EST | December 12, 2019
Schlumberger Unit Wins Shell Subsea Contract
Schlumberger reported Thursday that its OneSubsea division has won an integrated subsea compression frame agreement from A/S Norske Shell. IMAGE SOURCE: A/S Norske Shell
8:00 PM EST | October 30, 2019
Schlumberger Reassessing North America Land Strategy
The strategic review of its US land market business is on the heels of weak regional performance during 3Q.
8:00 PM EST | October 20, 2019
Schlumberger Rips Off Band-Aid With $12.7B Writedown
Wall Street guessed that writedowns from Schlumberger were coming, but some analysts were taken aback by the sheer size of the $12.7B in pretax charges reported.
8:00 PM EST | October 17, 2019
Oilfield Services Eyeing Survival Tactics in Weak US Market
Contraction of oil and gas E&P means the return of lean times for oilfield services companies.
8:00 PM EST | October 10, 2019
Guyana Nears Oil and Gas Turning Point
One of RAMPS Logistics' employees in Guyana. PHOTO SOURCE: RAMPS Logistics
8:00 PM EST | October 07, 2019