Schlumberger profits halved in Q1 as firm blames seasonal decline
Pre-tax profits at oil services firm Schlumberger’s have almost halved in the first quarter of 2017 compared with the same period last year.
Pre-tax profits at oil services firm Schlumberger’s have almost halved in the first quarter of 2017 compared with the same period last year.
Schlumberger has signed a deal with Argentina’s YPF to start a shale oil pilot project in the South American country.
Baker Hughes has denied that the downsizing of the firm's Norway arm is related to the proposed merger with GE Oil and Gas.
Schlumberger is forming a joint venture with Weatherford International in a bid to take on fracking king Halliburton Co.
More than 100 guests from across the north-east oil and gas industry have attended a two-day showcase of some of the latest technology in the subsea sector.
An oil-drilling research building constructed during the British High-Tech Movement of the 1980s has received Grade II* listed status.
Schlumberger’s chairman and CEO, Paal Kibsgaard, is predicting a “multi-year” up-cycle starting this year and warns that spare production capacity is now wafer thin.
Schlumberger saw net income slump into the red as revenue plummeted by 22% during 2016.
Schlumberger reported a small fourth-quarter loss compared with a year earlier.
Oil and gas industry downhole tool firm Peak Well Systems (PWS) is under new ownership after a takeover by US energy services giant Schlumberger.
Schlumberger said it hopes to bring back "as much talent as possible" as a deadline looms for employees who were given an incentivised leave of absence scheme.
Energy Voice has delved into its archives to bring you the top stories of 2016.
A new report on the oil and gas industry has said the worst is “perhaps” over as it highlights ways large companies in the sector can take advantage of “green shoots of recovery”.
Schlumberger posted a $176million profit after calling bottom of the market last quarter.
A Norwegian trade union has said it would step up strike action among oil service workers, a news report said.
Schlumberger said it has signed an agreement to license a significant part of the WesternGeco Campeche seismic survey in the southern Gulf of Mexico with Petronas.
Foreign firms involved in Venezuelan oil ventures have threatened to challenge state-run PDVSA’s award of drilling contracts worth $3.2billion, a news report said, citing several unidentified sources.
Perth and Kinross Council today approved plans to develop a mine that will supply the North Sea industry with a vital mineral for decades to come.
Schlumberger, WesternGeco and ION Geophysical have announced a multiclient reimaging broadband program offshore Mexico.
The first fully automated drilling systems will appear within the next few years, an oil and gas industry chief said today in Aberdeen.
Rosneft has signed deals with BP and Schlumberger for collaboration on seismic research and development.
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Oil workers in Aberdeen have been put on gardening leave from Schlumberger for up to a year on 20% of their normal salary – but can’t work anywhere else.
Sound Energy this morning confirmed a “significant gas discovery” onshore Morocco.
Golar LNG and Schlumberger have created a new joint venture OneLNG which aims to develop low cost gas reserves.