…The company said it enjoyed strong results due in large part to improvements in weather conditions in Russia, which suffered a harsh winter, and from growing business in key markets including Saudi Arabia and Australia….
…HOUSTON – A Canadian driller is teaming up with Schlumberger to combine its walking rigs with the oil-field giant’s powerful rotary steering systems and other tools in a bid to drill more efficiently in shale reservoirs….
…WASHINGTON Energy companies currently leave about 95 percent of the crude in the ground at todays unconventional oil wells, but they face major technological challenges in boosting recovery rates, a Schlumberger scientist said Tuesday….
…Norway’s Industri Energi union and the oil and gas producer lobby reached an agreement on pay, averting a strike at companies including Halliburton Co., Schlumberger and Baker Hughes….
…Cyprus: Halliburton and Schlumberger, two of the world’s largest oilfield services companies, have chosen Cyprus as their base of operations for the eastern Mediterranean. The Mail has learned that the two multinational corporations will sign the relevant agreements with the government this month. The Halliburton agreement will likely be concluded the weekend after the next…
…Australia,Saudi Arabia: Rising demand for more advanced oilfield technology to tap hard-to-reach crude around the world spurred a record first-quarter profit for Schlumberger Ltd. Net income climbed to $1.59 billion, or $1.21 a share, from $1.26 billion, or 94 cents, a year earlier, Houston- and Paris-based Schlumberger said today in a statement. Excluding one-time items,…
…Schlumberger has been handpicked as the company that will carry out the fracking of Oilex’s (LON:OEX) crucial Cambay-77H well in India. The oilfield services heavyweight was among a number of companies operating in India that participated in the competitive tendering process. The fracking (fracture stimulation) programme is based on a so-called ‘plug and perf’ method…
View more O&G News If you would like to be notified of O&G News Stories, join our O&G Newsletter“ …Schlumberger’s (SLB) HiWay flow channel frack design has been most successful in the Eagle Ford. The company has completed a significant number of wells in the basin and has shown the design increases production while utilizing…
View more O&G News If you would like to be notified of O&G News Stories, join our O&G Newsletter“ …Russia: The technical partnership covers the following areas: Subsurface review and field development plan Design and implementation of horizontal multistage fractured wells Bazhenov shale delineation Subsurface Review and Field Development Plan The Schlumberger team will work…
View more O&G News If you would like to be notified of O&G News Stories, join our O&G Newsletter“ …Schlumberger released quarterly results and provided a little commentary on the oil boom in North Dakota and the rest of the U.S. Paal Kibsgaard, CEO, was asked his view in regard to U.S. production growth. He…