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Schlumberger Limited
80 articles mentioning Schlumberger Limited · Page 3 of 4
Schlumberger CFO to Step Down; Successor Named
Schlumberger has reported that Simon Ayat, Executive Vice President and Chief Financial Officer, will step down from this position effective January 22, 2020. Ayat, who joined the Company in 1982, will remain with Schlumberger as Senior...
SLB Q3: North America Slows, International Grows; CEO Talks $12B Write-Down, New Strategy
Schlumberger has reported its Q3 2019 results and below we talk about a few key points from its report: Domestic to International Shift: The company's revenues signal International growth while North America falters The $12B Hit...
Schlumberger Reports Q3 2019 Results
Schlumberger has reported its Q3 2019 results. The primary thing we noticed was Schlumberger's international revenues are increasing while its North American revenues stagnate (see chart below): Schlumberger CEO Olivier Le Peuch commented, “We ended the...
Schlumberger Paints Bleak Picture of US Land, Frac & Drilling Activity
Schlumberger released its Q2 2019 results and below is a quick summary of the highlights from its report and conference call: 2019 US Onshore CapEx will be down -10%, which is less than the 15% we...
Schlumberger's Kibsgaard to Retire; Le Peuch to Take Helm
Schlumberger has appointed Olivier Le Peuch as its Chief Executive Officer and member of the Schlumberger Board, effective August 1, 2019. Mr. Le Peuch succeeds Paal Kibsgaard, who will retire as Chief Executive Officer effective that...
Top Service Company Talks Technical, Financial Problems Facing Fracing
During its 1Q 2019 quarterly earnings call, Schlumberger reiterated a few things as well as offered some new insights into how the company sees the North American Land market performing. This much confirms what we have...
Schlumberger : Frac Market Challenged, Drilling Slow, International Up
Schlumberger reported its Q1 2019 results - here are highlights from its report and conference call. SLB Hit by Drilling Drag as E&Ps Strive to Live Within Cash Flow The company saw a near 20% drop...
Schlumberger Appoints New COO
Schlumberger has appointed Olivier Le Peuch as Chief Operating Officer of Schlumberger Limited, effective immediately. Reporting to Paal Kibsgaard, Chairman and Chief Executive Officer, Le Peuch will be responsible for the day-to-day management of all worldwide...
Schlumberger: 2019 E&P to Focus on DUCs, Rig Count to Decline; Frac Market
Schlumberger reported results for full-year 2018 and the fourth quarter of 2018. US Operators to Spend Within Cash Flow; Focus on DUCs Kibsgaard also commented on his outlook for E&P spending and drilling going forward: "Conversely...
Schlumberger: Frac Market Drops Significantly
At the 8th Annual Cowen Energy and Natural Resources Conference, Schlumberger EVP Patrick Schorn talked about the state of the industry. He specifically noted how the frac market slump and plummeting commodity prices are putting numerous...
Schlumberger's Kibsgaard: Sluggish Frac Activity Offset by Sand Biz
Schlumberger reported results for the third quarter of 2018. Below are highlights from its conference call and report. Sand Fleet Offsets Low Frac Activity, But 'No Further Plans' to Invest Low frac activity was offsett by...
Halliburton, FTS, Schlumberger, Keane, Baker, ProPetro Talk What to Expect in 2H 2018
Barclays held its annual CEO Energy-Power Conference in New York City, September 4-6. Companies like Halliburton, Schlumberger, Baker Hughes, Keane Group and others participated. Here is what each company said regarding what to expect in the...
Schlumberger's Kibsgaard: Productivity Gains Slowing in the Midland, Eagle Ford
Schlumberger CEO Paul Kibsgaard recently spoke at the Barclays CEO Energy-Power Conference. He talked about how production headwinds have been overcome by using more proppant and drilling longer laterals in the Midland Basin and Eagle Ford....
Schlumberger Q2; Additional Frac Fleets, Well Interference and Permian Constraints
Schlumberger has reported its Q2 2018 results. Here are some takeaway points. OneStim pressure pumping revenue grew by 17%, driven by the deployment of additional frac fleets. Although the rate of permitting and the overall activity...
Schlumberger Talks Trend in US Land Frac Market
In a recently release Schlumberger provided some interesting insights on the Frac Market. This is the first time that the company has confirmed it's Permian in-basin sand mine. Here is the link to the slides. The...
Schlumberger Financials Rebound in Q1; Will Up Pressure Pumping Horsepower in 2018
Schlumberger reported its Q1 2018 results. Highlights: Revenue up +14% YOY to $7.8 billion Sequential decline of -4% (Paal Kibsgaard commented: “Overall, the first-quarter sequential revenue decline was led by the Cameron Group, which fell 7%,...
Permian E&P Signs 700 Well Agreement
Schlumbger annouced on friday that it had signed an aggrement with Occidental Petroleum to develop the Northern Delaware Basin. This comes on the heels of the company's acquistion of Weatherford frac business. "We have just signed...
Schlumberger Headed to Supreme Court
The US Supreme Court has agreed to hear an appeal by Schlumberger regarding a patent infringement case.This case, originally filed in Houston in 2014, seeks to determine whether companies can recoup profits on patent infringement claims...
Schlumberger Sees Paradigm Shift In North American E&P Land Spending; Double Frac Fleet
Schlumberger reported its Q3 2017 results. Highlights from the release / conference call include include: Paradigm Shift : SLB's Chairman and CEO, Paal Kibsgaard: "In North America land where the E&P companies have added significant CapEx...
Schlumberger Unveils New Strategy to Grow Frac Market Share
Schlumberger has begun to diversify its operating strategy, striking JV deals where it will cover an operator's drilling cost in return for a stake in E&P drilling projects. Entering into these types of deals allows Schlumberger...