Schlumberger

4Q2019 Earnings: Revamping North American Onshore Helps Schlumberger to Persevere

Right-sizing the North America business helped Schlumberger Ltd. overcome an end-of-year slump in Lower 48 activity, while the international business continued to pick up steam.

January 17, 2020

Schlumberger Tackling Climate Change by Reducing GHG Emissions

The world’s largest oilfield services company, Schlumberger Ltd., is taking on climate change, announcing it will commit to reducing its emissions using science-based targets.

December 26, 2019

Schlumberger Sets Target on Reducing GHG Emissions to Meet UN Climate Goals

The world’s largest oilfield services company, Schlumberger Ltd., is taking on climate change, announcing it will commit to reducing its emissions using science-based targets.

December 23, 2019

Schlumberger Records $11B Loss, Says North American E&Ps Reining in Activity

Schlumberger Ltd., the world’s largest oilfield services operator, beat revenue expectations during the third quarter but pre-tax charges resulted in a huge loss, including a $1.6 billion charge in the North American hydraulic fracturing business.

October 18, 2019
Schlumberger Expecting NAM Land Activity to Plunge 10%

Schlumberger Expecting NAM Land Activity to Plunge 10%

Schlumberger Ltd., the No. 1 oilfield services (OFS) operator in the world, is forecasting a sharp pullback in U.S. and Canadian onshore activity this year, while domestic offshore and overseas activity are on an upward trajectory.

July 19, 2019

North America Onshore Likely Down 10% in ’19, Says Schlumberger Chief

Soft pricing and lower onshore activity pressured Schlumberger Ltd.’s North American results in the first quarter, and there’s likely to be a continued downturn in the land business this year, CEO Paal Kibsgaard warned Thursday.

April 18, 2019

Schlumberger, Rockwell Creating Digital Oilfield Know It All

Schlumberger Ltd. is taking its reservoir technology and combining it with industrial automation and information created by Rockwell Automation to help oil and natural gas customers improve the value of their investments.

February 22, 2019
Haynesville’s Soaring Natural Gas Output Said Sustainable as LNG Exports Grow

Haynesville’s Soaring Natural Gas Output Said Sustainable as LNG Exports Grow

Natural gas production in a former darling of the onshore unconventionals, the Haynesville Shale, is getting serious looks from new suitors, including operators looking for export stores, with production on course to hit record heights, according to Rystad Energy.

January 11, 2019

North America Onshore Fracture Pricing, Activity Worse Than Forecast, Schlumberger Executive Says

Schlumberger Ltd. is signaling a sharper-than-expected sequential decline in profits for the fourth quarter because of a “significantly larger drop in activity” than expected, a top executive said Tuesday.

December 5, 2018
E&P Customers Lining Up as Oil Market Tightens, Says Schlumberger CEO

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
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