Schlumberger Archives - Page 2 of 6

Schlumberger launches business to eliminate industry’s methane and routine flare emissions

March 9, 2022

World Oil Schlumberger announced the launch of Schlumberger End-to-end Emissions Solutions (SEES). The business offers a comprehensive set of services and cutting-edge technologies designed to give operators a robust and scalable solution for measuring, monitoring, reporting and, ultimately, eliminating methane and routine flare emissions from their operations. SEES launches at a critical time in the industry—today we witnessed leadership from

Schlumberger announces deployment of reservoir engineering digital solutions

March 7, 2022

World Oil Schlumberger announced an enterprise-wide deployment of the cloud-based DELFI* cognitive E&P environment for ConocoPhillips. ConocoPhillips will use Schlumberger digital solutions enabled by the DELFI environment to bring its reservoir engineering modeling, data and workflows to the cloud. “This digital platform will drive workflow and data efficiency, enabling ConocoPhillips to meet their diverse reservoir engineering modeling needs worldwide,” said

Schlumberger expects ‘supercycle’ as demand lifts profit above forecast

January 21, 2022

Yahoo News Schlumberger beat expectations with a rise in fourth-quarter profit on Friday as higher crude and natural gas prices drove demand for the world’s largest oilfield services company. Oil prices surged about 50% last year and are trading at seven-year highs on a COVID-19 vaccine-fueled demand recovery and tight supplies. The global rig count was 1,563 at the

TGS and WesternGeco continue OBN seismic acquisition in the U.S. Gulf of Mexico

January 3, 2022

World Oil OSLO – TGS, a global provider of energy data and intelligence, in a strategic collaboration with WesternGeco, the geophysical services product line of Schlumberger, announced the continuation of their ultra-long offset ocean-bottom node (OBN) acquisition in Green Canyon, U.S. Gulf of Mexico. Data processing and imaging are by WesternGeco. The 168 OCS block survey began in August 2021

Schlumberger beats Q3 profit estimates as oilfield activity recovers

October 22, 2021

Reuters Oilfield services giant Schlumberger NV issued a bullish forecast for 2021 on Friday as second-quarter profit topped estimates due to surging margins, with a rebound in oil prices boosting demand for its software and equipment. Energy services firms are benefiting from a resumption of drilling driven by rising crude prices, which are up 18% in the latest quarter and

Schlumberger announces second-quarter 2021 results

July 23, 2021

Global revenue of $5.6 billion increased 8% sequentially International revenue wa…

Schlumberger Limited (NYSE: SLB) today reported results for the first-quarter 2021- oil and gas 360

Schlumberger announces first-quarter 2021 results

April 23, 2021

Worldwide revenue was $5.2 billion International revenue was $4.2 billion and Nor…

Schlumberger unit to launch Nevada lithium plant as EV demand rises

March 18, 2021

Reuters Oilfield services firm Schlumberger’s New Energy division said on Thursday it would launch a lithium extraction plant in Nevada to cash in on the surging demand for the battery metal from electric vehicle makers and technology companies. The division said it has invested more than $15 million in the direct lithium extraction process and expects the development and operation

Schlumberger echoes rivals’ oil recovery predictions after results beat

January 22, 2021

Reuters Schlumberger NV on Friday joined rivals in predicting a steady recovery in the oil industry this year after the world’s top oilfield services provider’s fourth-quarter results beat estimates, aided partly by growing demand for drilling. Easing of COVID-19 related restrictions has propelled oil demand and prices, which remain stable since a late-2020 rebound from historic lows. Brent crude, which

Liberty and Schlumberger close North American pressure pumping transaction

January 4, 2021

Oil and Gas 360 Publisher’s Note: Liberty Oilfield Services Inc. (NYSE: LBRT), will be a title sponsor of the virtual The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines, Chris Wright joins us as a Keynote speaker– Wednesday February 10th – 11th, 2021. January 04, 2021, Supercharging Technology and Scale DENVER & HOUSTON–(BUSINESS WIRE)– Liberty Oilfield Services Inc.

Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 billion charge

July 24, 2020

Reuters Oilfield services giant Schlumberger NV (SLB.N) on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly loss on thousands of job cuts and a pipeline outage in Ecuador. The large loss capped second-quarter reports from U.S. oilfield services providers that laid bare the damage wreaked by the coronavirus crisis. Producers

Halliburton slashes dividend by 75% in latest move to save cash

May 20, 2020

Reuters Oilfield services provider Halliburton Co slashed its quarterly dividend by 75% on Wednesday, the latest move by the company to shore up cash to cope with a dramatic plunge in oil prices that began in March. U.S. oil prices experienced historic drops throughout March and April, brought on by the demand destruction caused by coronavirus-related lockdowns and a price

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