Russia Oil Gas Magazine

Schlumberger and OMV Announce Enterprise Deployment of AI & Digital Solutions Enabled by the DELFI Cognitive E&P Environment

Schlumberger and OMV Upstream today announced an enterprise-wide deployment of AI and digital solutions enabled by the cloud-based DELFI* cognitive E&P environment, across OMV’s global operations. The five-year agreement will see the two companies collaborate to enhance efficiencies across OMV’s operations and position the company as a digital front-runner in …

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Russia Oil Gas Magazine

Schlumberger: Announces Third-Quarter 2020 Results

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 …

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Russia Oil Gas Magazine

Schlumberger Introduces Performance Live Service

Digitally connected service delivers real-time operational data and insights for improved performance Schlumberger introduced today Performance Live* digitally connected service that optimizes remote wellsite operations control while improving safety, efficiency and footprint. The service includes technology and domain expertise within a digital ecosystem, leveraging cloud-based applications and automated data workflows …

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Russia Oil Gas Magazine

Schlumberger Moves Technology Chief to Head of ‘New Energy’ Division

Oilfield service giant Schlumberger is moving one of its top executives to lead a newly created division for “new energy” initiatives. In a Friday morning filing with the Securities and Exchange Commission, Schlumberger reported that Executive Vice President of Technology Ashok Belani switched roles Feb. 11 to become executive vice …

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Russia Oil Gas Magazine

Schlumberger Selects Google Cloud as a Preferred Cloud Provider

Schlumberger today announced that it has renewed and significantly expanded its agreement with Google Cloud to develop cloud-native E&P applications to help its customers derive actionable insights from data and harness the power of Google’s cloud infrastructure and artificial intelligence (AI) capabilities. Schlumberger has deployed its oil and gas petrotechnical …

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Russia Oil Gas Magazine

Rockwell Automation and Schlumberger Enter Joint Venture Agreement to Create Sensia, the Oil and Gas Industry’s First Fully Integrated Automation Solutions Provider

Rockwell Automation, (NYSE: ROK), the world’s largest company dedicated to industrial automation and information, and Schlumberger, (NYSE: SLB) the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, announced today that they have entered into an agreement to create a new …

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Russia Oil Gas Magazine

Schlumberger Appoints Chief Operating Officer

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 …

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Russia Oil Gas Magazine

Schlumberger Scraps Bid for Eurasia Drilling Stake

U.S. oilfield services giant Schlumberger has withdrawn its bid for a stake in Russia’s Eurasia Drilling Company (EDC) Russia’s Federal Anti-monopoly Service (FAS) said on Monday. (Photo: EDC) Schlumberger, which has its own business in Russia, said last month it would withdraw its application to buy a stake in EDC …

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Russia Oil Gas Magazine

Schlumberger to Abandon Russia’s EDC Bid if Approvals Not Met Soon

Schlumberger NV (SLB.N) said on Friday it would withdraw its application for the acquisition of a stake in Russia’s Eurasia Drilling Company (EDC) if it is not successful in getting approvals soon. Schlumberger said it would buy a stake in EDC, Russia’s largest oilfield services provider, back in 2017. “Unfortunately, …

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Russia Oil Gas Magazine

Schlumberger Announces Full-Year and Fourth-Quarter 2018 Results

• Full-year revenue of $32.8 billion increased 8% year-on-year • Full-year GAAP EPS, including charges & credits, was $1.53 • Full-year EPS, excluding charges & credits, of $1.62 increased 8% year-on-year • Full-year cash flow from operations and free cash flow were $5.7 billion and $2.5 billion, respectively • Fourth-quarter …

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