Schlumberger CEO Kibsgaard says several key customers said they will lay down all their frac fleets from middle November until middle January
No slowdown in international
Houston-based oilfield services giant Schlumberger (ticker: SLB) reported its Q3 results Friday and CEO Paul Kibsgaard made some interesting comments on the call about the company's projections for frac activity in the U.S. seeing a temporary slowdown.

“Our third-quarter revenue of $8.5 billion grew 2% sequentially, driven by the International Areas where the broad-based activity recovery continued and where sequential revenue growth outpaced that of North America for the first time since the second quarter of 2014,” said Paal Kibsgaard, chairman and CEO of Schlumberg...

Legal Notice