Subsea 7, Modec among deal winners for Equinor project in Brazil
Equinor has dished out feed contracts for phase one of the Bacalhau (formerly Carcara) area in Brazil.
Schlumberger
Schlumberger grows global headcount despite US layoffs
Oil-field service giant Schlumberger grew its global head count in 2019 despite finishing the year with a $10.1 billion loss and laying off 1,400 workers in the United States.
Trump gives five US oilfield service firms another three months in Venezuela
Trump administration officials have given five energy companies with strong ties to Houston another three months in the oil fields of Venezuela.
Schlumberger posts $10.1 billion loss in 2019
Schlumberger, the largest oil-field service company in the world, lost $10.1 billion in 2019 as a result of hefty write-downs on two past acquisitions and weakening demand for hydraulic fracturing services in the United States and Canada.
Woodside pulls trigger to start work on Senegal’s Sangomar
Australia’s Woodside Energy has approved the 100,000 barrel per day Sangomar project, offshore Senegal, launching agreements with suppliers and putting the field on course to begin production in 2023.
Oxy shores up board with former Schlumberger CEO
Occidental Petroleum added to its board of directors Thursday with the appointment of a former chief executive of Schlumberger as Oxy aims to instill more confidence with shareholders after risking its future to buy Anadarko Petroleum for $38 billion last year.
Schlumberger commits to ‘science-based’ emissions reduction target
Global oilfield company Schlumberger has said today it has committed to a 'science-based' emissions reduction target.
Schlumberger chief financial officer steps down after £9.3bn loss
Schlumbergers chief financial officer has announced plans to step down following the company's £9.3billion pre-tax loss in October.
SPE Aberdeen: Inspiring the next generation
Now more than ever, it is important we work to attract the next generation into the industry.
Neptune hands out drilling deals worth £30.8m for North Sea project
Neptune Energy and partners have dished out drilling services contracts worth £30.8 million for its 50 million barrel Seagull project in the UK North Sea.
Aberdeenshire resident facing $1million lawsuit from Schlumberger
A north-east man is being sued by oilfield services giant Schlumberger for $1million after they claimed he left the firm to work for a rival.
Analysis: Schlumberger lawsuit is lesson ‘not to pay lip service’ to binding contracts
The Schlumberger lawsuit is a lesson for employees “not to pay lip service” to legal contracts, according to an employment law expert.
Schlumberger posts £9.3billion loss as it takes heavy impairment charges
Heavy impairment charges led Schlumberger to a loss of £9.3billion before tax in its third quarter results.
Schlumberger, Chevron and Microsoft launch AI platform for oil field
Schlumberger, Chevron and Microsoft have launched a cloud-based artificial intelligence platform to improve a digital services in the oil field.
Easy to be left punch drunk and bored by negativity
For almost 30 years I have been relentlessly battered with the oil & gas industry’s supposed track record in innovation.
Exploration wells and FIDs beckon for UKCS
The UK upstream oil and gas sector will be a hive of activity over the coming years, two global energy consultancies have said.
Corallian starts survey on Curlew-A offshore UK
The rig site survey has begun on Corallian Energy's Curlew-A field in the central North Sea.
Schlumberger beats expectations on revenue during second quarter
Global oil field service giant Schlumberger reported nearly $8.3 billion of revenue during the second quarter beating Wall Street expectations.
Schlumberger appoints former North Sea boss as new chief executive
Oilfield services giant Schlumberger has appointed a former North Sea boss as its new chief executive.
Drillers fighting for survival in world of cheap oil
For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival.
Oilfield service firms starting to lift prices, Rystad says
After several years in the doldrums, oilfield service companies are beginning to raise prices for their products and services, according to Rystad Energy.
Oil industry and climate leaders to share stage at Offshore Europe opener
Energy industry heavyweights and a climate change leader will share the stage during the plenary session of SPE Offshore Europe 2019.
NRG Well Management aiming for step change in upstream business
Energy services firm NRG Well Management, of Aberdeen, said it was making a “step change in approach” to its offshore business as it unveiled a new director.
Schlumberger exits tubulars business after selling three subsidiaries for $400m
Oilfield service giant Schlumberger is exiting the tubulars business after agreeing to sell three specialized subsidiaries to a Houston company in a $400 million deal.
Saudi Taqa sees $1.2 billion in America, Middle East oil deals
A Saudi oilfield services company backed by the country’s sovereign wealth fund kicked off a planned $1.2 billion in acquisitions by buying Texas-based Schlumberger Ltd.’s Middle Eastern drilling-rig business.