Schlumberger

Schlumberger Riding Tailwinds as E&P Spending Escalates, Offshore FIDs Expand

Schlumberger Riding Tailwinds as E&P Spending Escalates, Offshore FIDs Expand

A growth cycle is underway for the global natural gas and oil industry, with the offshore looking particularly inviting, according to Schlumberger Ltd. CEO Olivier Le Peuch. As the world’s largest oilfield services (OFS) company, Schlumberger is attuned to the needs of its exploration and production (E&P) customers, which have begun pouring into the offshore,…

June 28, 2022
Schlumberger Forecasting Multi-Year Upcycle in Oil, Natural Gas Investments

Schlumberger Forecasting Multi-Year Upcycle in Oil, Natural Gas Investments

The world’s top oilfield operator, Schlumberger Ltd., is anticipating oil and natural gas demand to push “successive years of market growth,” with the upcycle now in full gear, CEO Olivier Le Peuch said Friday. “As demand continues to strengthen and new investments are committed to diversify energy supply, the duration and scale of this upcycle…

April 22, 2022
Schlumberger, IBM’s Hybrid Cloud System Gives E&Ps Global Access to Shared Data

Schlumberger, IBM’s Hybrid Cloud System Gives E&Ps Global Access to Shared Data

Schlumberger Ltd. and IBM have launched a commercial hybrid cloud to allow energy operators global access, with “full interoperability” no matter where the decision-making is done. Under the program, exploration and production (E&P) customers would gain access to the open subsurface data universe, or OSDU, in locations “where data residency requirements and local regulations may…

June 29, 2021
Schlumberger Gearing Portfolio to Reach Net-Zero Carbon by 2050

Schlumberger Gearing Portfolio to Reach Net-Zero Carbon by 2050

Schlumberger Ltd., the world’s largest oilfield services company, has joined its energy peers in committing to reach net-zero carbon emissions across the oil and gas value chain by 2050. The company said Tuesday it has spent 18 months analyzing and working with experts to produce a decarbonization plan. The focus is to reduce emissions from…

June 23, 2021

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
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