Schlumberger Company News

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Schlumberger and NOV Want Faster Automated Drilling Adoption
Wednesday, May 12, 2021The companies are teaming up in digital drilling automation for wellbore construction. IMAGE SOURCE: Schlumberger

Canadian Firm Spuds Onshore Namibia Well
Thursday, May 06, 2021ReconAfrica has begun drilling its second well in the Kavango Basin in northeastern Namibia.

ADNOC Streamlines Oilfield Procurement Process
Wednesday, May 05, 2021ADNOC has launched a program standardizing procurement terms and conditions across its value chain. PHOTO SOURCE: ADNOC

Schlumberger Sees Growth in Overseas Work
Friday, April 23, 2021"A new growth cycle has finally commenced," said Schlumberger CEO Olivier Le Peuch.

Enteq Upstream Names New CEO
Wednesday, April 21, 2021Andrew Law, above, will succeed Enteq Upstream founder Martin Perry as CEO.

Halliburton CEO Sees Accelerating International Rebound
Wednesday, April 21, 2021Halliburton Co. sees the pace of the rebound in overseas demand for oilfield services picking up.

North Sea Operator Kicks Off Drilling Campaign
Tuesday, April 13, 2021IOG reported Monday that it has spud the first of five planned development wells in Phase 1 of its Core Project.

Morocco Subsea Project Gets on Fast Track
Wednesday, February 24, 2021The deal will facilitate front-end design, engineering, procurement, construction, installation, and operations of the Anchois project.

Stena Drillship to Add MPD System
Wednesday, February 17, 2021Like Stena's three other drillships, the Stena Forth will boast MPD capability. PHOTO SOURCE: Stena Drilling

Schlumberger Eyes CCS at Cement Plants
Wednesday, February 10, 2021Schlumberger New Energy and a major building materials firm will explore the feasibility of CCS at cement plants.

Service Companies See Spending Rebound Outside US
Friday, January 22, 2021Spending by the global oil industry outside the US is poised to rebound later this year, according to leading service companies.

Which Major OFS Player Seems Most Bullish About 2021?
Friday, January 22, 2021Here is a recap oil and gas market hits and misses for the week ending Jan. 22, 2021.

Equinor Awards Wireline Services Contracts for 15 Fields
Wednesday, January 20, 2021This photo shows a view from the Gullfaks A platform. Photo by Lone Stormoen. PHOTO SOURCE: Equinor

Liberty Expands Frac Fleet with Schlumberger Deal
Tuesday, January 05, 2021Schlumberger and Liberty Oilfield Services have completed a deal that will influence the delivery of pressure pumping in North America.

Oil Rig Tally for US Ends Year at Lowest Level Since 2005
Wednesday, December 30, 2020Although the US rig count has recovered since August, it remains far below where it began 2020.

Schlumberger Unit and ABB Finish Pioneering Test
Wednesday, December 02, 2020ABB and OneSubsea team members monitor progress on the VSD and compressor submerged string test. PHOTO SOURCE: ABB

$455MM in Brazil Contracts Go to Oilfield Services Trio
Tuesday, November 10, 2020First oil from Bacalhau is projected for 2024. PHOTO SOURCE: Equinor

Schlumberger Divests Rod Lift Business
Monday, November 02, 2020Lufkin Industries has acquired the Schlumberger N.V. unit North American Land Rod Lift Business.

Is OFS Consolidation About to Take Off?
Monday, October 26, 2020Rigzone prognosticators identify trends to watch this week in the oil and gas markets.

Oil Drilling in Russia Could Fall 20% Next Year
Thursday, October 15, 2020Russia'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.

The North America OFS Landscape is Changing
Monday, September 28, 2020Here is a preview of what to watch this week in the oil and gas markets.

Oilfield Services Poised for Transformation
Monday, September 14, 2020Here is a preview of what to watch this week in the oil and gas markets.

Frac Sand Metric Declines
Friday, September 11, 2020Shale firms are pumping an average of roughly 2.9 million pounds a day of frac sand this quarter, according to Coras Research LLC.

Liberty Sets Sights on Topping Halliburton
Wednesday, September 02, 2020Liberty Oilfield Services Inc., which will acquire a Schlumberger unit, expects to one day topple Halliburton Co. from the No. 1 spot.

Schlumberger Sale Marks Shale Turning Point
Tuesday, September 01, 2020Schlumberger revealed Tuesday its OneStim unit will be combined with Liberty Oilfield Services in exchange for a 37% stake in the combined company.

Schlumberger Alum Joins McDermott Board
Thursday, August 27, 2020Andrew F. Gould has joined McDermott International's board of directors, effective Aug. 27, 2020.

Oil Sands Producer Eyes Hydrogen Exports
Thursday, August 13, 2020Alberta's advantage may lie in its abundant reserves of the very fuels that hydrogen is meant to replace.

Oil Inventory Data Prompt Reminiscing
Friday, July 31, 2020Rigzone panelists offer their insights on the top oil market hits and misses for the week ending July 31, 2020.

Schlumberger Job Cuts to Top 21,000
Friday, July 24, 2020Schlumberger is shrinking staffing to an 11-year low.

Schlumberger Launches Tech Agreement With CNPC Logging
Tuesday, June 16, 2020The partnership will enable the companies to co-manufacture wireline downhole technology.

Schlumberger Revenues Tumble Under Double Black Swan
Monday, April 20, 2020The 1Q results also include a $8.5B pretax charge, driven by the sharp decline in market valuations.

Halliburton Slashes Spending to Brace for Demand Declines
Monday, April 20, 2020It set 2020 capital outlays at $800 million, 33 percent below previous guidance and the first sub-$1 billion budget since 2016.

Oil Collapse Drags the Whole Service Industry Down With It
Thursday, April 16, 2020Since the start of 2019, the oilfield services sector has lost almost 50,000 jobs, or about 13 percent of its workforce.

Schlumberger To Slash Spending by 30 Percent
Wednesday, March 25, 2020The company expects a rapid reduction in rig count and completions activity in onshore North America.

Schlumberger Opens Saudi Manufacturing Facility
Tuesday, February 25, 2020The well completions technology manufacturing center is located in Saudi Arabia's Eastern Province.

Schlumberger Unit and Subsea 7 Win Pioneering Brazil Contract
Friday, January 31, 2020Offshore installation for Brazil's first integrated SPS and SURF project could start in two years. IMAGE SOURCE: Equinor

US Shale Suffering From Sustained Contraction
Tuesday, January 21, 2020Slower output growth would have global ramifications, given additional US barrels are forecast to account for most of the increase in 2020 worldwide supply.

Schlumberger Posts $10B Loss in 2019
Friday, January 17, 2020Schlumberger posted a $10.1 billion loss in 2019 amid North America land market weaknesses.

Is Chevron's $11B Write-Down an Oilpatch Warning?
Tuesday, January 14, 2020Current market conditions are resulting in many US fracking projects failing to break even.

Oxy Elects Former Schlumberger CEO to Board
Thursday, January 02, 2020Occidental Petroleum Corporation announced the election of former Schlumberger Ltd. CEO Andrew Gould to its board of directors.

Oilfield Services Looking Beyond Oil and Gas
Monday, December 23, 2019As the majors have diversified into power and renewable energy storage, oilfield service contractors have followed suit.

Schlumberger Unit Wins Anchor Subsea Contract
Friday, December 13, 2019OneSubsea will provide a subsea production system rated up to 20,000 psi. IMAGE SOURCE: Schlumberger

Schlumberger Unit Wins Shell Subsea Contract
Thursday, October 31, 2019Schlumberger 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

Schlumberger Reassessing North America Land Strategy
Monday, October 21, 2019The strategic review of its US land market business is on the heels of weak regional performance during 3Q.

Schlumberger Rips Off Band-Aid With $12.7B Writedown
Friday, October 18, 2019Wall 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.

Oilfield Services Eyeing Survival Tactics in Weak US Market
Friday, October 11, 2019Contraction of oil and gas E&P means the return of lean times for oilfield services companies.

Guyana Nears Oil and Gas Turning Point
Tuesday, October 08, 2019One of RAMPS Logistics' employees in Guyana. PHOTO SOURCE: RAMPS Logistics

Sudan Urges Foreign Oil Firms to Increase Investment
Monday, September 23, 2019Sudan's newly appointed oil minister urged international energy companies to ramp up efforts to find and develop deposits in a country struggling to recover from U.S. sanctions and a plunge in petroleum revenue.

Survey Reveals World's Top Oilfield Services Companies
Thursday, September 05, 2019Respondents to Rigzone's Ideal Employer Survey selected their top picks for oilfield services companies.

Half of Venezuela's Oil Rigs May Shut Down If US Waivers Lapse
Friday, August 23, 2019A looming U.S. sanctions deadline is threatening to clobber Venezuela's dwindling oil-rig fleet and hamper energy production in the nation with the world's largest crude reserves.