Schlumberger To Restructure Business Units
Schlumberger plans to restructure by focusing on basins and divisions in line with customers’ E&P workflows.
Oilfield Service Giants Report Billions in Losses
Halliburton and Schlumberger write-off billions in asset value and signal that more job cuts are coming during the second quarter.
Upstream Digitalization Is Proving Itself in the Real World
For the upstream industry, where improvement in efficiency or production can drive significant financial results, there is no question that the size of the digital prize is huge. So are the challenges.
Spending Cuts First, Job Cuts Are Next
Oil exploration and production jobs globally are at about the level they were after deep cuts following the 2014 crash. Now companies need to find more to cut.
Schlumberger, Halliburton Downsize Fracturing Services Amid Shale Sector’s “Biggest Test”
The two oilfield service leaders serve as critical bellwethers for the health of North America’s upstream sector, which is under pressure to consolidate and generate free cash flow.
The Top Stories of 2019
The most read stories reflect interest in the digital transformation, the energy transition, and shale operations.
Schlumberger, Halliburton Mull New North American Land Strategies
The two largest oilfield services firms grapple with a worsening North American land market.
As Oil and Gas Data Multiply, so Do the Cybersecurity Threats
Saudi Aramco, BP, and Schlumberger pride themselves on staying at the forefront of digital technology development and deployment. But an equally daunting challenge for the industry heavyweights is keeping their ever-expanding digital systems secure.
Chevron, Schlumberger, Microsoft Team To Improve Digital, Petrotechnical Work Flows
The combination of digital technologies will enable Chevron—and, eventually, other companies—to process, visualize, interpret, and glean insights from multiple data sources, the companies said.
Schlumberger CEO Outlines New Vision for Company
In his first public appearance, Schlumberger’s new CEO said the company would focus on digitalization and restructure some operations.
E&P Growth Shifts Offshore and Globally But More Cost and Job Cuts On the Way
A comeback in offshore and international exploration and production is making up for the North American slowdown, but it is a difficult transition.
Olivier Le Peuch Appointed New CEO of Schlumberger
Le Peuch will replace retiring Paal Kibsgaard, and Mark Papa will become chairman.
2019 SPE Offshore Europe Explores the Industry’s License To Operate
The biennial SPE Offshore Europe conference will explore a diverse set of topics, including the application of digital technologies and preparing for a low-carbon energy future and ongoing work around standardization and decommissioning.
China’s Shale Dream Rests Atop Chaotic Geology
As the country pushes for higher output from its emerging unconventional sector, nature is pushing back. To get better results, operators there are increasing their reliance on technology.
Service Companies Remain Optimistic Despite Tough Start in 2019
The three largest service companies are optimistic about the rest of 2019.
Schlumberger to Sell its Middle East Drilling Business to Saudi Arabia’s TAQA
The deal will bolster Arabian Drilling Company’s fleet to 67 rigs across the Middle East and North Africa.
One Industry of Global Citizens
An assortment of sustainability initiatives shows how the oil and gas industry, leveraging its reach, diversity, and resources, is going well beyond just supplying energy to impact the world for the better.
Keeping Up with the Older Generation Proves Costly and Futile in the Permian
Another reminder that it costs more to coax the same amount of oil from new wells as for older wells nearby, with a closer look at the big plays and how the wells are completed.
What’s Different About These Drill Bits? How a Little Change Can Be Made to Matter
A contest where teams of college students design and build an automated drilling rig able to deal with hazardous obstacles in a test block, showed how a small change can be engineered to matter.
Frac Hits To Take Center Stage at SPE Hydraulic Fracturing Conference
The upcoming event will provide the shale sector with a venue to share new learnings and approaches meant to overcome one of its greatest subsurface challenges.
Schlumberger and Halliburton Warm on Global Market, Cooler on US Shale
The two biggest oilfield services providers are enjoying a rebound in international activity but continue to struggle with a softening US shale completions market. While takeaway constraints will be temporary, steep shale production declines may emerge as a longer-term challenge.
Upstream Data Can Be “a Rat’s Nest of a Mess”
Companies such as Google, Schlumberger, Shell, and Encana are working to turn the industry’s rat’s nest of data into a goldmine of insight, analysis, and technology.
WATCH: 2018 ATCE Opening Session
These days, it is all about digital. Click to find out what industry leaders from Encana, Google, Schlumberger, and Shell have to say about the ongoing transformation towards data-driven profitability.
Find Out What Google and Oil and Gas Companies Are Searching for in Big Data at 2018 ATCE
The company behind the world’s most popular search engine is trying to click with the upstream business at the most distinguished technical event of the year.
Schlumberger and Subsea 7 Announce Intent to Create Joint Venture
Schlumberger and Subsea 7 want to form a joint venture that builds on their 2-year collaboration in the subsea sector.
Schlumberger Exits Seismic Acquisition Business
Schlumberger has decided to quit the seismic acquisition business due to poor financial returns.
Schlumberger Buys Weatherford’s US Fracturing Assets
Schlumberger and Weatherford called off a joint venture, with Schlumberger buying Weatherford’s US fracturing assets outright.
A&M Taps Former Schlumberger Executive, SPE President to Head Department
Jeff Spath has been named the head of the petroleum engineering department at Texas A&M University.
Energy Panel: Efficiency Focus Still Necessary in an Era of Transition
Despite optimism in a shift from “lower for longer” oil prices, industry executives stressed the value of maintaining efficient operating practices.
Petrofac Sells Stake in Pánuco Contract to Schlumberger
Petrofac sold its 50% interest in Petro-SPM Integrated Services to Schlumberger. Petro-SPM operates the Pánuco Integrated Service Contract in Mexico. Schlumberger now owns 100% of Petro-SPM.
ADNOC Case Studies Illustrate Importance of Technology Qualification Process
ADNOC’s authority on technology maturity describes the case studies used to test the company’s new technology qualification process.
Permian, Bakken Operators Face Produced Water Challenges
As oil prices recover from the low point of the downturn, operators in the Permian and the Bakken are tackling water management issues.
Analytical Model Developed To Study Fracture Initiation Near Wellbore
An advisor at Schlumberger discusses the company’s work in examining the effect of perforations on hydraulic fracture initiation.
Schlumberger and Weatherford to Form Joint Venture
Schlumberger and Weatherford are forming a joint venture to tackle the North American unconventionals oilfield services market.
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