Oil RenAIssance: Big Oil is tapping Big Tech once more
Renewable energy technologies and the use of big tech within the oil and gas sector have been accelerated due to the COVID-19 outbreak.
Schlumberger
Plexus lands Schlumberger deal for wellhead tech through to 2030
Schlumberger will grant Aberdeen-headquartered Plexus Holdings royalties and a $500,000 lump sum payment after agreeing a multi-year licensing deal for its tech.
Baker Hughes cuts headcount by 15% in latest hit for the industry
Baker Hughes has shed thousands of jobs in response to the downturn, cutting headcount by 15% so far this year.
Schlumberger completes plan to axe 21,000 jobs
Schlumberger has completed its plan to cut 21,000 jobs in response to the oil downturn, according to its latest accounts.
Aberdeen University nanotechnology project to boost North Sea gas production
Scientists at Aberdeen University are developing a new production method that could be a “game-changer” for North Sea gas.
Step Change in Safety adds BP and Schlumberger bosses to leadership team
Step Change in Safety has added bosses from BP and Schlumberger to its leadership roster.
Revolution of data infrastructure
While working for a technology services organisation Schlumberger, I have seen first-hand the way technology has transformed the oil and gas industry from every angle throughout my working life.
Schlumberger sells US fracking business after oil price cripples demand
Schlumberger, the world’s largest oilfield services company, agreed to sell its US fracking business to a smaller rival following a collapse in demand.
Former Schlumberger chief Gould joins McDermott board
Oil industry veteran Andrew Gould, a former CEO of Schlumberger, has joined the board of service company McDermott International.
Ghana starts work on local content policy
Ghana’s Petroleum Commission has launched a committee to draft a policy on local content in the upstream sector.
Guns and oil do not mix, Libya’s NOC warns
Libya’s National Oil Corp. (NOC) has expressed concerns about increasing military presence at its facilities and the seizure of jet fuel at Zueitina.
Schlumberger cutting fifth of global workforce amid huge financial losses
Schlumberger delivered another crushing blow to the oil and gas industry today by announcing it was cutting around a fifth of its workforce.
Schlumberger signs on for Otakikpo work
Lekoil has signed service agreements with Schlumberger for drilling on the Otakikpo field, although it is continuing work on the financing.
Female oil worker files $100m sexual harassment suit against Schlumberger
A woman who once worked as a field engineer for oil-field services giant Schlumberger has filed a $100 million lawsuit against the company claiming that a male coworker allegedly told others it would be OK for them to break into her bedroom and sexually assault her.
Firms receiving UK state loans should safeguard British jobs, MSP says
North-east Labour MSP Lewis Macdonald has said oil firms receiving UK state support during the Covid-19 pandemic should be duty bound to safeguard jobs.
Oil firms urged to reach for those digital heights
Oil firms must seize the opportunity presented by the Covid-19 pandemic to grasp the nettle and embrace digital technology and data analysis, industry experts have said.
Acteon hires ex-Ensco boss as new CEO
Marine energy service firm Acteon Group has hired Carl Trowell as its chief executive, replacing Richard Higham.
Scores of north-east workers face redundancy at Schlumberger subsidiary
Scores of workers are facing redundancy at a subsea equipment firm in Aberdeenshire following a drop off in work.
Neptune completes Egypt OBN work
Neptune Energy has completed its acquisition of an ocean bottom nodes (OBN) multi-client survey on Egypt’s offshore North West El Amal block.
Schlumberger’s $7.4bn loss sets stage for ‘most uncertain’ future
Schlumberger, the largest oil field service company, said Friday it lost $7.4 billion in the first quarter. Then its CEO said the second quarter will be worse.
Baker Hughes to write down $15 billion, cut spending
Houston oilfield service company Baker Hughes plans to write down the value of its assets by $15 billion and cut capital spending by more than 20% from 2019 levels as market conditions worsen for the oil and gas industry.
Schlumberger looks to delist from London Stock Exchange
Oilfield services giant Schlumberger has today stated its intention to delist from the London Stock Exchange (LSE).
Oilfield service giants face ‘massive challenge’ from energy transition, investment chief warns
Oilfield service giants will need to chart a new path if they wish to remain industry top dogs during the energy transition, according to the director of a global investment firm.
Six people charged by police after Schlumberger protest action
A man and two women have been charged with criminal damage after Extinction Rebellion activists dug up a lawn outside a Cambridge University College.
Halliburton-TechnipFMC deal: ‘Creating another giant’ comes with uncertainty, experts claim
North Sea job losses could be a potential outcome of “creating another giant” in the oilfield services sector, a top energy consultant said yesterday,