North America’s onshore exploration investment could decline by more than 10% from 2018, as unconventional producers, which have driven output to record levels, face more technical challenges, Schlumberger Ltd. CEO Paal Kibsgaard said.
Kibsgaard
Articles from Kibsgaard
E&P Customers Lining Up as Oil Market Tightens, Says Schlumberger CEO
North America onshore operations are set to surge this year for Schlumberger Ltd., as it readies more horsepower and expands capacity for sold-out rotary steerables and drillbit technologies, CEO Paal Kibsgaard said Friday.
January 19, 2018
Schlumberger’s North American Land Activity Accelerates, Sending Revenue Sharply Higher
A surge in hydraulic fracturing capacity between April and June sent Schlumberger Ltd.’s North American revenues up 18%, with U.S. land revenue jumping 42% from the first quarter, a rate that was nearly double the increase in the onshore rig count.
July 21, 2017
Schlumberger Puts North American E&Ps on Notice: Expect More Aggressive Pricing
Healthier commodity prices are sending oil and natural gas producers back to work, which sets the stage for Schlumberger Ltd. (SLB) to begin a push for higher prices for its services, CEO Paal Kibsgaard said Friday.
January 20, 2017
Trend to ‘Super Laterals’ Buoys Schlumberger Outlook For U.S. Land
Schlumberger Ltd. posted a 31% sequential increase in its U.S. onshore drilling and measurements revenue during the third quarter, driven by a rising rig count and technology sales for super laterals, but the outlook for 2017 still remains hazy, CEO Paal Kibsgaard said Friday.
October 21, 2016
NGI The Weekly Gas Market Report
Oil & Gas Industry Has ‘Reached the Bottom,’ Schlumberger CEO Says
The oil and gas industry has finally “reached the bottom” of the downcycle, Schlumberger Ltd. CEO Paal Kibsgaard told investors Friday during the international oilfield services (OFS) giant’s 2Q2016 earnings call.
July 25, 2016
Service Cost Increases During Recovery Could Slow E&P Activity, Schlumberger CEO Says
The oil and gas industry has finally “reached the bottom” of the downcycle, Schlumberger Ltd. CEO Paal Kibsgaard told investors Friday during the international oilfield services (OFS) giant’s 2Q2016 earnings call.
July 22, 2016
E&P Investments Not Matching Growing Demand, Says Schlumberger CEO
No. 1 oilfield services operator Schlumberger Ltd. laid off another 8,000 people in the first quarter, with more job cuts likely to happen before the end of June, CEO Paal Kibsgaard said Friday.
April 22, 2016
E&P Investments Not Matching Growing Demand, Says Schlumberger CEO
No. 1 oilfield services operator Schlumberger Ltd. laid off another 8,000 people in the first quarter, with more job cuts likely to happen before the end of June, CEO Paal Kibsgaard said Friday.
April 22, 2016
Most E&P Efficiency Gains Tied to OFS Pricing Concessions, Not Better Drilling, Says Schlumberger CEO
The challenges now facing the oil and natural gas industry partly are driven by the sharp decline in commodity prices, but they also result from failing to improve performance enough to tackle increasingly more complex hydrocarbon developments, Schlumberger Ltd.’s chief charged Monday.
March 21, 2016
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