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Wednesday, June 24, 2026

January 19, 2018

Schlumberger: First Out of the Box

January 19, 2018

SLB: says will exit seismic acquisition market; posts almost a billion-dollar write down for Venezuela Schlumberger Limited (ticker: SLB) reported its results for fourth quarter and full-year 2017. Highlights Fourth quarter revenue of $8.2 billion, increased 3% sequentially Fourth quarter pretax operating income of $1.2 billion, increased 9% sequentially Fourth quarter GAAP loss per share, including charges of $2.11 per

U.S. Rig Count Drops by Three

January 19, 2018

Oil drilling rigs down five, gas up two Drilling activity decreased in the U.S. this week, as activity pulled back slightly from the large increase seen last week, according to Baker Hughes’ Rig Count. Three rigs shut down this week, bringing the total U.S. rig count to 936. All three rigs that shut down were land-based rigs, as inland waters

Nine Energy Services Launches Second Successful Oilfield Service IPO in 2018

January 19, 2018

Company shares up 26% in intraday trading Nine Energy Service (ticker: NINE) launched its IPO today, becoming the second major service company to go public this year. Last night, Nine said it would offer a total of 7,000,000 shares of its common stock, priced at $23 per share, with the potential to upsize the offering by another 1,050,000 shares. At

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