UPDATE: Schlumberger Cuts Executive Salaries, Workforce
The company's North American business will accelerate a restructuring that includes job cuts and furloughs over the next couple of months.
Extended-Reality Initiative Optimizes Wellsite Planning
Immersive technology on projects such as wellsite planning incorporates XR, drones, and collaboration.
Capital Discipline Drives E&P Sector as Investors Look for Better Returns
The E&P sector has maintained a strong focus on capital discipline during its recovery from the 2014 oil price downturn, as investors look for companies to generate free cash flow to help pay down debt. How will this focus affect sector growth in the near term?
Schlumberger Appoints Olivier Le Peuch as CEO
The oilfield services company named Olivier Le Peuch CEO and member of its board. He succeeds Paal Kibsgaard, who will retire.
Service Companies Show Pricing Power Growth
New analysis from Rystad Energy shows service companies are beginning to raise prices after seeing a significant drop following the oil price downturn. Pricing power is projected to keep rising in 2020 as the service industry sees more demand across the supply chain.
Weatherford Completes Sales of Laboratory Services and Surface Logging Businesses
These most recent deals bring the services company's divestiture total to $1 billion over the past 1 1/2 years.
Supervised Autonomy Bridges the Gap in ROV Inspections
ROVs dominate the world of subsea inspections, maintenance, and repair, but as operators work in a post-downturn economy, autonomous systems have become more in demand. Autonomous inspections are possible today, but how can they help with light and heavy intervention?
Oilfield Services Q3 Review: Promising Outlook After Tough Times
A rise in oil prices close to 3-year highs should further stimulate a recovering oilfield services and equipment sector, despite lower than expected late-2017 activity in US shale.
McDermott, CB&I To Combine in $6-Billion Deal
McDermott and CB&I will form a vertically integrated onshore-offshore construction and engineering services provider. Other deals include Jacobs Engineering Group acquiring CH2M and the expected close by year end of the Schlumberger and Weatherford OneStim JV.
Schlumberger Opens New Center of Excellence for Production Chemicals
A new purpose-built center offers cutting-edge research, formulation analysis, and testing in one location.
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01 April 2020
24 March 2020