Sound Energy agrees three-well Moroccan deal with Schlumberger
Sound Energy has entered into a three-well field management agreement with Schlumberger for the Tendrara licence, onshore Morocco.
Schlumberger
Cameron shareholders approve Schlumberger takeover bid
Cameron said its shareholders have approved a bid by oil services giant Schlumberger to take over the company in a deal worth $12.7billion. The transaction is expected to be completed by next year.
Schlumberger yet to confirm where another 20,000 jobs will go
Schlumberger has yet to confirm where or exactly when it expects to reduce its headcount by another 20,000.
US approves proposed Schlumberger and Cameron merger
The US Department of Justice has approved the proposed merger between industry heavyweights Schlumberger and Cameron.
Schlumberger acquires Fluid Inclusion Technologies
Schlumberger is set to acquire Fluid Inclusion Technologies (FIT) in another acquisition deal for the company. The US-based oil and gas service specialises in laboratory analysis of trapped fluids in rock material and advanced borehole gas analysis on drilling wells.
Cameron International to reduce headcount further
Cameron International has said it will reduce its headcount further as the low oil price continues. The company said around 75 jobs would go in early January next year. The move comes after the company previously said it would be letting 150 staff members go this autumn.
Eurasia Drilling delists from stock market
Russia's largest oil driller Eurasia Drilling has formally delisted following a buyout by company's shareholders.
Cameron sees profits drop despite strong subsea performance
Oilfield services giant Cameron International’s profits dipped during the past three months despite increasing its subsea operating income and slashing costs.
Schlumberger signs 15-year deal with Energy Recovery for VorTeq system
Schlumberger has signed a 15-year deal with Energy Recovery which grants it exclusive rights to Energy Recovery’s VorTeq hydraulic pumping system.
Schlumberger to reduce its headcount further
Schlumberger is set to reduce its headcount further as it looks to streamline its costs amid a continued low oil price. The company said it would also be consolidating its manufacturing and distribution network as it does not expect a recovery in demand before 2017. Chief executive Paal Kibsgaard said the timing of a recovery in the oil price and an increase in oilfield services activity in combination with a more conservative spending outlook from customers has led to further action.
Oil flouts bottom-callers as Schlumberger sees pain lingering
Three months ago, the head of Schlumberger Ltd. thought the industry had seen the worst of the US oil rout. Now he’s not so sure. Chief Executive Officer Paal Kibsgaard said in July that a recovery might begin by the end of the year. That’s been delayed, Kibsgaard’s said in a statement Thursday as Schlumberger reported a 49 percent drop in third-quarter profit. The market is "increasingly challenging with activity expected to be reduced further," Kibsgaard said.
Cameron confirms Rowe for top job
Oilfield services giant Cameron has confirmed that R.Scott Rowe has officially taken on the roles of president and chief executive today.
Eurasia Drilling in mass director exodus after Schlumberger deal fail
Eurasia was dealt a leadership blow after five of its directors walked out today.
Highlands to work with Schlumberger on fracking technology
Highlands Natural Resources, the London listed oil and gas company, is set to join forces with Schlumberger to develop fracking technology.
OneSubsea wins Woodside contract for Greater Enfield in Australia
OneSubsea - the Cameron and Schlumberger company - has been awarded a front-end engineering and design (FEED) contract for the Greater Enfield Area Development offshore northwest Australia.
Providence Resources to work with Schlumberger on Irish prospects
Providence Resources, the Irish exploration company has signed a strategic and incentivised exploration collaboration agreement with Schlumberger.
Former Schlumberger executive joins IEA
A former Schlumberger executive with extensive experience in technology and clean energy joined the International Energy Agency (IEA) this month as Director for Sustainable Energy Policy and Technology.
Cameron welcomes OGUK chief to officially open Aberdeen facility
Oil & Gas UK chief executive Deirdre Michie formally opened the new Aberdeen base for oil services firm Cameron.
Schlumberger to buy Cameron in $14.8billion deal
Schlumberger has taken over Cameron in a $14.8billion deal. The company's chief executive said the move would create "new and broader" opportunities for Schlumberger in the current low oil market. Schlumberger told investors in June last year there needed to be a transformation in the technology delivered in order to outperform the markets.
Horse Hill analysis estimates more than 10 billion barrels of oil
UK Oil & Gas (UKOG) said an independent analysis by Schlumberger has estimated 10.9billion barrels of oil could lie within 55miles of the PEDL137 and PEDL246 Horse Hill licences. The estimate follows on previous calculations made by Schlumberger last month. The analysis also builds on the previous petrophysical evaluation of Horse Hill-1 located in PEDL137 near to London Gatwick Airport.
Accenture to acquire Schlumberger’s consultancy arm
Accenture has entered into an agreement to acquire Schlumberger Business Consulting (SBC), the management consulting unit of oilfield services specialist Schlumberger for an undisclosed sum.
Schlumberger launches new seismic survey in Gulf of Mexico
Schlumberger has expanded its Gulf of Mexico seismic data portfolio by launching a new survey in the Campeche basin. The survey offshore will cover an area of 80,000sq km and will be carried out using two fleets of WesterGeco vessels. Maurice Nessim, president at WesternGeco, said: “Building on our experience in the US Gulf of Mexico, we are focused on collaborating with customers to understand and prioritize the hydrocarbon potential in the Mexican waters of the Gulf.
‘Frack now, pay later,’ top services companies say amid oil crash
Business is so tough for oilfield giants Schlumberger and Halliburton that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. It amounts to this: "frack now and pay later." The moves by the world's No. 1 and No. 2 oil services companies show how they are scrambling to book sales of new technologies to customers short of cash after a 60 percent slide in crude to $45 a barrel. In some cases, they are willing to take on the role of traditional lenders, like banks, which have grown reluctant to lend since the price drop that began last summer, or act like producers by taking what are essentially stakes in wells.
Subsea 7 creates worldwide agreement with OneSubsea
Subsea 7 has struck a deal with Cameron and Schlumberger company OneSubsea to develop and deliver integrated development solutions. The move means the establishment of a worldwide non-incorporated alliance between the two firms. Subsea 7 will work alongside OneSubsea to create development solutions through the combination of subsurface expertise, subsea production systems and susbsea processing systems.
Chevron and OneSubsea sign agreement to form joint subsea program
Cameron and Schlumberger company OneSubsea and Chevron have entered into an agreement to form a JIP (Joint Industry Program) to develop subsea systems technology. The subsea development program will try to address the technical challenges presented by high pressure, high temperature reservoir environments for the development of 20,000 psi subsea systems. OneSubsea will lead the JIP by completing a portfolio of technology development projects and managing the evolution of the require enabling technologies.