Olivier Le Peuch

Schlumberger Limited today reported results for the third quarter of 2020. Schlumberger CEO Olivier Le Peuch commented, “Our results in the third quarter clearly demonstrate our focus on execution, returns, and customer performance. Margins expanded sequentially while pretax segment operating income and adjusted EBITDA grew 45% and 21%, respectively, highlighting …

Liberty Oilfield Services Inc. and Schlumberger announced today an agreement for the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada (OneStim®), including its pressure pumping, pumpdown perforating, and Permian frac sand businesses to Liberty, in exchange for a 37% equity interest in the combined company. …

Worldwide revenue of $7.5 billion decreased 9% sequentially and 5% year-on-year International revenue of $5.1 billion decreased 10% sequentially, but increased 2% year-on-year North America revenue of $2.3 billion decreased 7% sequentially and 17% year-on-year GAAP loss per share, including charges of $5.57 per share, was $5.32 EPS, excluding charges, …

Schlumberger announced today that its Board of Directors 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 operations. Previously, Le Peuch was Executive Vice …

Infinity system degrades completely, leaving fullbore access without the need for intervention for faster production Schlumberger announced today the release of the Infinity* dissolvable plug-and-perf system. This unique solution uses fully degradable fracture balls and fully degradable seats instead of plugs to isolate zones during well stimulation. “Operators are continuously …